Question : International trade allows countries to:
Option 1: Decrease their dependency on other countries
Option 2: Access goods and services not available domestically
Option 3: Isolate their economies
Option 4: Reduce cultural exchange
Correct Answer: Access goods and services not available domestically
Solution : International trade allows countries to access goods and services that are not available domestically, increasing their choices and potentially lowering costs.
Question : What is the primary purpose of international trade?
Option 1: To increase national security
Option 2: To promote cultural exchange
Option 3: To exchange goods and services
Option 4: To reduce environmental impact
Question : Disarmament aims to:
Option 1: Increase military spending
Option 2: Enhance international trade
Option 3: Reduce the number of weapons
Option 4: Promote cultural exchange
Question : What is a significant impact of globalisation on international trade?
Option 1: Decrease in trade agreements
Option 2: Increase in trade barriers
Option 3: Growth in global supply chains
Option 4: Reduction in international trade volume
Question : What has been a key feature of global trade in the era of globalisation?
Option 1: Decreased international trade agreements
Option 2: Reduced flow of goods and services across borders
Option 3: Increased protectionism by all countries
Option 4: Growth in global supply chains
Question : The exchange of commodities between two countries is referred as
Option 1: Balance of trade
Option 2: Bilateral trade
Option 3: Volume of trade
Option 4: Multilateral trade
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile