Trade - SS3 Geography Past Questions and Answers - page 1
Promoting cultural exchange
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Maximizing domestic production
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Specialization and resource optimization
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Import trade
National trade
International trade
Wholesale trade
Trade deficit
Balance of trade
Trade surplus
Trade equilibrium
It hinders job growth
It has no impact on job creation
It supports job creation in various sectors
It only creates jobs in the manufacturing sector
Which of the following is not a reason for trade?
Specialization
Resource disparities
Self-sufficiency
Economies of scale
By reducing economic growth
By isolating countries from each other
By encouraging people to interact with different cultures
By imposing trade barriers
It reduces access to products
It increases the cost of goods
It lowers living standards
It provides access to a wider range of affordable products
Import trade
Inter-industry trade
Intra-industry trade
International trade
By reducing imports
By promoting self-sufficiency
By encouraging dependence on a single source
By sourcing products from multiple regions
In international trade, what is the term for the difference between a country's exports and imports?
Trade equilibrium
Trade imbalance
Balance of trade
Trade offset
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