Question
When exports are more than imports trade is:
favourable
unfavourable
opposite
unbalanced
Solution
A.
favourable
When exports are more than imports trade is:
favourable
unfavourable
opposite
unbalanced
A.
favourable
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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