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International Trade
Study the map given below carefully and answer the questions that follow
(8.1) Identify and name the canal shown in the map.
(8.2) Write any four characteristics of this canal.
( 8.1) Suez canal
(8. 2) Characteristics -
i. It connects Mediterranean sea with Red sea.
ii. It gives Europe a new gateway to the Indian Ocean.
iii. It reduces distance between Liverpool and Colombo.
iv. It is sea level canal without locks. v. As the tolls are heavy, some find it cheaper to go by the longer Cape Route whenever the consequent delay is not important.
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What is the basic function of the World Trade Organisation?
Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
How are ports helpful for trade? Give a classification of ports on the basis of their location.
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.
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