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From course:

Economics A Level

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Question:

What are the Disadvantages to International Trade?

Author: go kys



Answer:

-Trading Internationally leads to Higher Transportation Costs -Currency Exchanges when Trading in a Foreign Nation incurs Costs. -Complying with other Nation's Legal and Technical Requirements, Legal Documents being translated, Advertising Legalities, Market research... Its a huge Cost -More Trading leads to more Globalisation, which has its own Downsides


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go kys
go kys