Freight forwarders' responsibilities may include all of the following except:
A. booking space on a ship.
B. preparing the export documents.
C. verifying that the seller has money in the bank.
D. arranging to have the merchandise delivered to the port.
E. D and C.
The balance-of-payments account is a record of:
A. the total tangible trade flows of a country over a five-year period.
B. a country's transactions with the rest of the world.
C. a country's total debt service payments during a one-year period.
D. the outstanding balance of a country's debt payments for the fiscal year.
Regarding foreign direct investment and trade:
A. historically, foreign trade has followed foreign direct investment.
B. foreign trade is typically more costly and more risky than making a direct investment
into foreign markets.
C. typically, a firm would hire sales representatives to live in overseas markets as a first
step in developing international trade.
D. fewer government barriers to trade, increased competition from globalizing firms,
and new production and communications technology are causing many international
firms to disperse the activities of their production systems to locations close to available
E. all of the above.