Commerce Quiz
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Questions and Answers

What is the principal factor that gives rise to commercial exchanges?

  • Technological advancements in trade
  • Diversity in the distribution of natural resources (correct)
  • Globalization of economies
  • High demand for goods and services

    • What does trade encompass, according to the text?

  • Online and offline trade
  • Regional and inter-regional trade
  • Domestic trade and foreign trade (correct)
  • Retail and wholesale trade

    • Which of the following is considered an aid to trade?

  • Consumer preferences
  • Government regulations
  • Environmental sustainability practices
  • Banking and financial services (correct)

    • What does commerce consist of, along the entire supply chain?

    <p>Trade and aids to trade</p> Signup and view all the answers

    What is categorized into domestic trade, according to the text?

    <p>Retail and wholesale</p> Signup and view all the answers

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