JAMB Commerce 2017 Objective — Question 24

Question 24 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2017 Objective paper, with the correct answer and a full explanation.

The major problem encountered in international trade is that

A. A. distance discourages exportersCorrect
B. B. differences in culture cause conflict
C. C. political differences hinder trade
D. D. differences in currency complicate transactions

Explanation

Distance to move goods is a major factor discouraging traders in international trade.

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