The following are the differences between domestic and international trade EXCEPT

Analyze the question: We are asked to find the option that is NOT a difference between domestic (home) trade and international trade.

Concept: Domestic trade is buying and selling within one country. International trade is trade between different countries. Because international trade crosses national borders, it involves differences that domestic trade usually does not:

• Currency: Each country uses its own money, so exchange rates matter in international trade (for example, naira vs. dollar).
• Language: Trading partners may speak different languages.
• Laws: Customs duties, tariffs, quotas, and trade regulations differ between countries.
• Cultural differences: Tastes, customs, and business practices vary across countries.
• Others: Documentation, transport costs, risk, and the mobility of factors of production are also different.

Checking each option:

• A. Cultural differences: a real difference.
• B. Currency: a real difference.
• C. Land: not a difference between domestic and international trade. Land (the factor of production, or the physical location) is not what separates the two types of trade. Trade of both kinds involves goods produced on land, and the existence of land is not a distinguishing feature.
• D. Language: a real difference.
• E. Laws: a real difference.

Answer: The option that is not a difference is C. land.

Tip: For "EXCEPT" questions, list the typical differences first: currency, language, laws, culture, and documentation. Whichever option doesn't fit that list is your answer. Also, remember that the key distinction is that international trade crosses national borders, so anything tied to borders (money, rules, language, customs) counts as a difference.