Practice Exercises (8.4) - International Trade - CBSE 12 Geography

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9 questions

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6 sample questions

Question 1.
What is trade?
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Think about what happens in a market.
Question 2.
Define the barter system.
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Remember, it's without using money.
3Question 3.
What is the primary function of ports?
- To control domestic prices
- To facilitate trade
- To manufacture goods
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Think of the functions that ports serve.
4Question 4.
True or False: The barter system relies on the use of money.
- True
- False
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Consider the definition of barter.
Question 5.
Evaluate how global trade dynamics have shifted since the industrial revolution. Consider aspects of raw material trade versus manufactured goods.
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Think about the roles of industrialization and economic evolution.
Question 6.
Discuss the implications of a negative balance of trade on a developing nation's economy. What strategies might they employ to improve this situation?
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Consider how nations interact economically in a globalized world.

5 more questions in this section. Enroll free to practise them all.