Podcast
Questions and Answers
What is the primary purpose of international trade?
What is the primary purpose of international trade?
- To obtain commodities that cannot be produced or can be purchased at a lower price elsewhere (correct)
- To enhance the barter system
- To promote domestic production
- To restrict the exchange of goods and services among countries
What is the characteristic of trade that makes it mutually beneficial?
What is the characteristic of trade that makes it mutually beneficial?
- One party sells and the other purchases
- It involves the exchange of goods and services
- It is based on the voluntary exchange of goods and services (correct)
- It is conducted at two levels: international and national
What is the primary limitation of the barter system?
What is the primary limitation of the barter system?
- It is only practiced in primitive societies
- It promotes domestic production
- It requires a double coincidence of wants (correct)
- It is a form of international trade
What is the significance of Jon Beel Mela in the context of trade?
What is the significance of Jon Beel Mela in the context of trade?
What led to the overcoming of the difficulties of the barter system?
What led to the overcoming of the difficulties of the barter system?
What is the relationship between trade and the number of parties involved?
What is the relationship between trade and the number of parties involved?
What was the primary reason for salt becoming a mode of payment in ancient times?
What was the primary reason for salt becoming a mode of payment in ancient times?
What led to the growth of European commerce during the twelfth and thirteenth century?
What led to the growth of European commerce during the twelfth and thirteenth century?
What was the primary purpose of the slave trade during European colonialism?
What was the primary purpose of the slave trade during European colonialism?
What was the impact of the Industrial Revolution on international trade?
What was the impact of the Industrial Revolution on international trade?
What was the primary goal of the General Agreement for Tariffs and Trade (GATT)?
What was the primary goal of the General Agreement for Tariffs and Trade (GATT)?
What is the principle that international trade is based on?
What is the principle that international trade is based on?
What was the primary reason for the growth of international trade in modern times?
What was the primary reason for the growth of international trade in modern times?
What was the primary characteristic of the Silk Route?
What was the primary characteristic of the Silk Route?
What was the result of the disintegration of the Roman Empire on international trade?
What was the result of the disintegration of the Roman Empire on international trade?
What was the primary purpose of the advertisement shown in Figure 8.2?
What was the primary purpose of the advertisement shown in Figure 8.2?
Which of the following factors contributes to the spatial expansion of trade?
Which of the following factors contributes to the spatial expansion of trade?
What is the result of a negative balance of trade?
What is the result of a negative balance of trade?
Which type of trade involves an agreement between two countries to trade specified commodities?
Which type of trade involves an agreement between two countries to trade specified commodities?
What is the primary factor that determines the type of flora and fauna that can survive in a given region?
What is the primary factor that determines the type of flora and fauna that can survive in a given region?
What is the outcome when the value of a country's exports is more than the value of its imports?
What is the outcome when the value of a country's exports is more than the value of its imports?
Which of the following is a consequence of a large volume of internal trade in densely populated countries?
Which of the following is a consequence of a large volume of internal trade in densely populated countries?
What determines the mineral resource base of a country?
What determines the mineral resource base of a country?
Why do industrialised nations export machinery and finished products and import food grains and other raw materials?
Why do industrialised nations export machinery and finished products and import food grains and other raw materials?
What is the impact of foreign investment on trade in developing countries?
What is the impact of foreign investment on trade in developing countries?
Which of the following is a characteristic of a country with a low standard of living?
Which of the following is a characteristic of a country with a low standard of living?
Which type of port is characterized by its strategic importance and serves warships?
Which type of port is characterized by its strategic importance and serves warships?
Which port is an example of an entrepot for the Baltic region?
Which port is an example of an entrepot for the Baltic region?
What is the primary function of entrepot ports?
What is the primary function of entrepot ports?
Which of the following ports is paired with Calais across the English Channel?
Which of the following ports is paired with Calais across the English Channel?
What is the primary benefit of forming trading blocs?
What is the primary benefit of forming trading blocs?
Which of the following is NOT a type of port mentioned in the passage?
Which of the following is NOT a type of port mentioned in the passage?
What is the primary objective of trade liberalisation?
What is the primary objective of trade liberalisation?
What is the term for the practice of selling a commodity in two countries at a price that differs for reasons not related to costs?
What is the term for the practice of selling a commodity in two countries at a price that differs for reasons not related to costs?
What is the primary function of the World Trade Organisation?
What is the primary function of the World Trade Organisation?
What is the criticism of the World Trade Organisation by some?
What is the criticism of the World Trade Organisation by some?
What is the purpose of Regional Trade Blocs?
What is the purpose of Regional Trade Blocs?
What is the benefit of undertaking international trade?
What is the benefit of undertaking international trade?
What is the term for granting a special status to some trading partners?
What is the term for granting a special status to some trading partners?
What is the primary concern of developing countries in international trade?
What is the primary concern of developing countries in international trade?
What is the result of the development of transport and communication systems?
What is the result of the development of transport and communication systems?
What is the percentage of world trade generated by regional trade blocs?
What is the percentage of world trade generated by regional trade blocs?
What is a major consequence of countries competing to trade more?
What is a major consequence of countries competing to trade more?
What is the primary function of port authorities?
What is the primary function of port authorities?
What type of port is San Francisco classified as?
What type of port is San Francisco classified as?
Which type of port is linked to the sea through a river or canal?
Which type of port is linked to the sea through a river or canal?
What is the primary characteristic of a Comprehensive Port?
What is the primary characteristic of a Comprehensive Port?
What is the purpose of an Out Port?
What is the purpose of an Out Port?
What is the main difference between tanker ports and refinery ports?
What is the main difference between tanker ports and refinery ports?
What is the primary function of a Packet Station?
What is the primary function of a Packet Station?
What is a result of multinational corporations prioritizing profit over sustainability?
What is a result of multinational corporations prioritizing profit over sustainability?
What is the significance of the quantity of cargo handled by a port?
What is the significance of the quantity of cargo handled by a port?
