Commerce Systems Quiz
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Questions and Answers

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

  • Distribution of natural resources
  • Differences in human needs and wants
  • Division of labor
  • Comparative advantage (correct)

Which type of trade involves import, export, and entrepôt/re-export trades?

  • Inter-regional trade
  • Regional trade
  • Foreign trade (correct)
  • Domestic trade

What are aids to trade or auxiliary commercial activities that facilitate trade?

  • Healthcare services
  • Transportation (correct)
  • Manufacturing
  • Technology development

What is the exchange of goods and services between buyers and sellers in return for a price at traditional (or online) marketplaces categorized as?

<p>Domestic trade (C)</p> Signup and view all the answers

What are the activities, functions, procedures, and institutions that contribute to the smooth distribution and transfer of goods and services on a substantial scale called?

<p>Commerce (C)</p> Signup and view all the answers

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