15 Questions
What is the ratio between GDP & trade with industrialized countries?
2:1
What was a significant exception to the ratio between GDP & trade with industrialized countries?
Periods between World Wars
What are the three essential elements of the economic system introduced by Malcolm McLean?
Means of displacement, traffic infrastructure, load
What was a major driver of trade mentioned in the text?
Seaborne trade
What led to cost reductions in intermodal freight transport?
Elimination of excessive handling costs
What is the significance of the ratio between GDP and trade with industrialized countries?
It is always around 2, indicating that international trade grows faster than annual GNP.
What contributed to the success of intermodal freight transport?
Introduction of specific stacking vehicles and increase in automation.
What is a major driver of trade mentioned in the text?
Seaborne trade
Why has transport become cheaper according to the text?
Thanks to economies of scale, time, and containerization.
What caused a dip in seaborne trade according to the text?
2009 economic crisis and possibly a dip in 2020 due to corona.
What is a causual link mentioned in the text?
The ratio between GDP and trade with industrialized countries
What was introduced by Malcolm McLean as an essential element of the economic system?
Traffic infrastructure
What was a major driver of trade mentioned in the text?
Seaborne trade
What contributed to the success of intermodal freight transport?
Reduction of time in ports and increase of turnaround times
What caused a dip in seaborne trade according to the text?
Corona pandemic in 2020
Test your knowledge of the introductory aspects of multimodal freight transport, including the causal link between trade, freight transport, and economic development. Understand the growth of international trade in relation to annual GNP and the impact of globalization.
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