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Questions and Answers
What is the principal factor that gives rise to commercial exchanges?
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?
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?
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?
What does commerce consist of, along the entire supply chain?
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What is categorized into domestic trade, according to the text?
What is categorized into domestic trade, according to the text?
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