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Questions and Answers
Which ancient civilizations engaged in long-distance commerce to acquire rare resources and expand their influence?
Which ancient civilizations engaged in long-distance commerce to acquire rare resources and expand their influence?
- China and India (correct)
- Mesopotamia and Egypt
- Greece and Rome
- Maya and Inca
What are some benefits of international trade?
What are some benefits of international trade?
- Decreased efficiency and productivity
- Increased specialization and higher living standards (correct)
- Less innovation and competition
- Reduced job creation and economic growth
What are some challenges that trade can face?
What are some challenges that trade can face?
- Equal distribution of benefits and reduced competition
- Less specialization and productivity
- Increased protectionism and geopolitical tensions (correct)
- Decreased cultural exchange and understanding
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Study Notes
Ancient Civilizations and Long-Distance Commerce
- Ancient civilizations such as Phoenicians, Greeks, and Romans engaged in long-distance commerce to acquire rare resources and expand their influence.
Benefits of International Trade
- Increased economic growth and development through access to a wider market and new customers.
- Improved productivity and competitiveness due to specialization and division of labor.
- Greater variety of goods and services available for consumers.
- Enhanced cultural exchange and understanding between nations.
Challenges of International Trade
- Trade barriers and tariffs imposed by governments to restrict imports.
- Transportation costs and logistics challenges in moving goods across long distances.
- Cultural and language barriers hindering communication and trade negotiations.
- Risk of trade wars and protectionism, which can lead to economic instability.
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