Importing, Exporting and Trade Relations

Answer the following questions

1. What are the purpose of the customs department of a country's government?

2. Why are banks often involved in export transactions?

3. How can a trade deficit affect a country's economy

4. Why is countrade used in international business?

5. What are the main factors that affect the amount of business competition?

6. What are the advantages of competition?

7. What is the difference between actual and implied differences in monopolistic competition?