Meaning and types of foreign trade - SS1 Commerce Past Questions and Answers - page 1
What is the main characteristic of bilateral relations?
Interactions between multiple countries or entities
Interactions between two countries or entities
Interactions within a single country
Which type of agreement focuses on specific issues between two parties?
Bilateral agreement
Multilateral agreement
International agreement
Which organization brings together countries from around the world to discuss global issues?
United Nations
World Trade Organization
European Union
What is the primary advantage of bilateral agreements?
Collaboration and coordination among multiple countries
Tailoring agreements to specific needs
Addressing global challenges collectively
What is the primary advantage of multilateral agreements?
Tailoring agreements to specific needs
Addressing global challenges collectively
Efficient decision-making between two parties
Define bilateral relations in your own words.
Bilateral relations refer to interactions and agreements between two countries or entities.
Give an example of a multilateral organization and briefly explain its purpose.
The United Nations is an example of a multilateral organization. Its purpose is to bring together countries from around the world to discuss and address global issues such as peace, security, and development