Trade - SS3 Geography Past Questions and Answers - page 2
11
How can trade relations influence diplomatic ties between countries?
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A
They have no impact on diplomacy
B
They often lead to conflicts
C
They promote peaceful cooperation
D
They solely focus on economic competition
12
What is the primary benefit of trade in terms of economic growth?
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A
Reducing job opportunities
B
Stagnating domestic industries
C
Expanding markets and increasing production
D
Limiting consumer choices
13
What role does international trade play in political relations?
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A
It increases the likelihood of conflicts
B
It is unrelated to political influence
C
It discourages diplomatic negotiations
D
It can provide countries with political leverage
14
What is the outcome of trade balance when a country imports more than it exports?
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A
Trade deficit
B
Trade surplus
C
Trade equilibrium
D
Balance of trade
15
Which type of trade involves trading similar goods or services within the same industry?
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A
Import trade
B
Intra-industry trade
C
Wholesale trade
D
Retail trade
16
How does trade influence a country's economic growth and development?
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17
Provide an example of a product or service that benefits from international trade due to specialization.
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18
In what ways does trade impact the environment and sustainability?
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19
Explain how trade can be used as a tool for resolving political conflicts between countries.
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20
Discuss a real-world scenario where trade played a significant role in shaping diplomatic relations between two or more nations.
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