Free trade means:

• Free exchange of goods

• Absence of trade barriers

• Trade liberalisation

• None

How do nations gain from international trade?

What are out ports? Define with examples.

Describe the nature of composition of internation trade.

Define barter system. Mention the difficulties with this system.

What is an international trade?

Name the five greatest trading nations.

Mention the three important aspects of international trade.

What is the balance of trade?

Describe trading blocs with examples.

Name the countries constituting OPEC.