Question
According to the U.S. International TradeAssociation, less than one percent ofAmerica's 30 million companies export. Small andmedium-sized companies account for 98 percent of U.S.exports, but
According to the U.S. International TradeAssociation, less than one percent ofAmerica's 30 million companies export. Small andmedium-sized companies account for 98 percent of U.S.exports, but represent less thanone-third of the known export value of U.S.goods' exports. Explain why a firm would operate in the domestic market but be unwilling to engage in international trade.
Please include a graph. Either describe it explicitly(what the axes arelabeled, what the curves looklike, the points ofintersection, etc. or draw it on the bottom of the graph template- the better of the twooptions).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started