Practice Trade (6) - Trade - ICSE 9 Commercial Studies

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11 questions

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5 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
5 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is trade?
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Think about what happens in a marketplace.
Question 2.
What currency is used in internal trade?
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Consider what money people use in their own country.
3Question 3.
What is internal trade?
- Trade within a country
- Trade between countries
- Trade for services
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Think about a local market.
4Question 4.
True or False: Trade can help promote specialization.
- True
- False
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Consider how countries might focus on different resources.
Question 5.
Design a trading system for a fictional country that relies heavily on agriculture. Explain how trade can enhance their economy.
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Consider how natural resources can be used in trade.
Question 6.
Analyze the impact of trade barriers on external trade and suggest solutions for a country looking to improve its trade relations.
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Evaluate both sides of the trade equation.

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