What is one way in which international trade results in higher standard of living?

What is one way in which international trade results in higher standard of living?
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Last Answer : (i) The commercial part of a harbour containing facilities for embarking and disembarking passengers loading and unloading and facilities for storage are called ports. (ii) International ... for maintaining navigable channels, arranging tugs and barges and providing labour and managerial services.

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Last Answer : (A) India has trade relations with most of the countries and major trading blocks of the world. (B) (i) India aims to double its share in the international trade. For this, it has ... Promotion of Foreign Direct Investment (FDI) to promote exports. (v) Change from process to product patents.

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Last Answer : Petroleum and petroleum products are imported in large scale because their demands are increased due to rising of industrialisation and better standard of living.

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Last Answer : International trade has three important aspects as follows: (i) Volume of Trade: The actual tonnage of goods traded makes up the volume, however services traded can not be measured in tonnage. So ... and Japan emerged as major trade blocs in the world and leader in the trade of manufactured goods.

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Last Answer : (i) Air transport is the fastest means of transportation but it is very costly. It plays an important role in international trade. (ii) Valuable cargo can be moved rapidly on a worldwide scale ... . (v) Today more than 250 commercial airlines offer regular services to different parts of the world.

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Last Answer : The term trade is referred to the exchange of goods among the people, states and countries and exchanges take place in the markets. Thus, trade between the two countries is called International ... of export. Pearls and precious stones and inorganic chemicals are two items of import to India.

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Last Answer : Dense and efficient network of transport and communication enhances national and international trade in the following ways: 1. Exchange of goods between producers and consumers occurs in a ... transport such as air and water, international trade has increased tremendously among the countries.

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Description : Why Petroleum and Jewellery are both in export and import list of International Trade of India ? -SST 10th

Last Answer : Below is a comprehensive chart which gives a breakdown of India's exports and imports along with its top trading partner countries : India's top 3 imports → Petroleum crude, Gold & ... exports petroleum products.India imports Gold & Silver, Pearls & Precious Stones but exports Gems & Jewellery.

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Description : What is trade? Explain the importance of international trade. -SST 10th

Last Answer : Trade: The exchange of goods among people, states and countries is referred to as trade. Importance: . International trade of a country is an index to its economic prosperity. . It is ... blocks. . Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

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Last Answer : . WTO's aim is to liberalise international trade. . It establishes rules regarding international trade and sees that these rules are obeyed. . 161 countries of the world are its members ... trade barriers. On the other hand, WTO rules have forced developing countries to remove trade barriers.

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Description : Advancement of international trade of a country is an index to its prosperity' Support the statement with suitable examples. -SST 10th

Last Answer : Advancement of international trade of a country is an index to its prosperity: 1. Resources are space-bound so countries need to trade with each other to procure various resources. 2. When the value of ... for a country because it's a huge source of income as well as a sign of development.

Advancement of international trade of a country is an index of its economic prosperity. Justify the statement with five arguments. -SST 10th

Description : Advancement of international trade of a country is an index of its economic prosperity. Justify the statement with five arguments. -SST 10th

Last Answer : Advancement of international trade of a country shows its economic prosperity: 1. Resources are space-bound so countries need to trade with each other to procure various resources. 2. When the value of ... for a country because it's a huge source of income as well as a sign of development.

Dense and efficient network of transport and communication is a prerequisite for national and international trade.' -SST 10th

Description : Dense and efficient network of transport and communication is a prerequisite for national and international trade.' -SST 10th

Last Answer : A dense and efficient network of transport and communication is a prerequisite for national and international trade: 1. India is a land of much diversity. Without proper communication and transport, ... facilities, amenities, and information. This, in turn, makes the lives of the people better.

Answer the following questions in about 120 words. Write a note on the changing nature of the international trade in the last fifteen years. -SST 10th

Description : Answer the following questions in about 120 words. Write a note on the changing nature of the international trade in the last fifteen years. -SST 10th

Last Answer : International trade is defined as the exchange of goods and services between two or more nations. International trade has experienced a huge change in the past 15 years. Along with the exchange ... has trade relations with all the major trading blocs and all geographical regions of the world.

Why is international trade considered the economic barometers for a country ? -SST 10th

Description : Why is international trade considered the economic barometers for a country ? -SST 10th

Last Answer : An advancement of International Trade is an index of economic prosperity for a country.

What is meant by international trade. -SST 10th

Description : What is meant by international trade. -SST 10th

Last Answer : (i) Trade between two countries is called International trade. (ii) One of the features of international trade of India is information technology.

Describe the changing nature of the international trade in the last fifteen years. -SST 10th

Description : Describe the changing nature of the international trade in the last fifteen years. -SST 10th

Last Answer : International trade has undergone a sea change in the last fifteen years. Exchange of commodities and goods have been superseded by the exchange of information and knowledge.India has ... the international level and is earning large foreign exchange through the export of information technology.

Define international trade. Why is it considered as economic barometer of a country? -SST 10th

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Last Answer : When trade takes place between two countries it is known as international trade. (i) It is very important for the development of a country. Advancement of international trade of a country is ... is needed to import essential goods. It is, therefore, considered the economic barometer for a country.

“Dense and efficient network of transport and communication is a pre-requisite for national and international trade.” Support the statement with four arguments. -SST 10th

Description : “Dense and efficient network of transport and communication is a pre-requisite for national and international trade.” Support the statement with four arguments. -SST 10th

Last Answer : Arguments to support this statement are: (i) Fast and efficiendy moving transport is required for traded items to reach their destinations on time, otherwise business will suffer. (ii) ... that dense and efficient network of transport is a pre-requisite for national and international trade.

‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Description : ‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Last Answer : (i) No country in the world is self-sufficient in all its needs. Goods produced by one country are required by the other country and viceversa. Hence, differences in resources, needs and ... advancement of the international trade and hence, it is called the economic barometer' of a nation.

Explain with examples of the changing nature of international trade of India in the last fifteen years. -SST 10th

Description : Explain with examples of the changing nature of international trade of India in the last fifteen years. -SST 10th

Last Answer : There has been a change in the nature of our international trade: (i) Since 2004-2005, the share of agriculture and allied products, ores and minerals, chemical engineering goods has been ... ) Imports: Commodities imports include petroleum and petroleum products 41.87% and Coal, Coke - 94.17%

How has international trade undergone a sea change -SST 10th

Description : How has international trade undergone a sea change -SST 10th

Last Answer : 'This answer was deleted by our moderators...

Difference between international trade and international marketing?

Description : Difference between international trade and international marketing?

Last Answer : International marketing is the multinational process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create exchanges that satisfy individual and ... on most advantageous terms for the seller. The marketing focuses on the total p

What is international trade ?

Description : What is international trade ?

Last Answer : When the exchange of goods and services between different sovereign countries is done through legal process, it is called international trade. That is to say, the economic activities related ... trade is governed by separate monetary and fiscal policies , international trade rules and regulations.

What is the difference between domestic and international trade ?

Description : What is the difference between domestic and international trade ?

Last Answer : While regional division of labor or specialization is the mainstay of domestic and international trade, there are several other differences between the two. The differences between domestic and ... in this system it is necessary to calculate the exchange rate between different currencies.

What central American country is important to international trade explain why?

Description : What central American country is important to international trade explain why?

Last Answer : Need answer

International Trade Specialist?

Description : International Trade Specialist?

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'Hinterland' refers to: (a) continental shelf in the sea from which oil can be extracted (b) natural harbour used for international trade (c) land region extending from a sea port (d) abandoned sea port where trade was carried out initially

Description : 'Hinterland' refers to: (a) continental shelf in the sea from which oil can be extracted (b) natural harbour used for international trade (c) land region extending from a sea port (d) abandoned sea port where trade was carried out initially

Last Answer : Ans: (c)

PP PMS Punjab Police Department 2015 Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

Description : PP PMS Punjab Police Department 2015 Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

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Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

Description : Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

Last Answer : ANSWER: B

Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

Description : Beijing Declaration and Platform for Action (1992) deals with? A. International trade B. Rights and Status of Women C. Rights and Protection of Children D. Population control

Last Answer : ANSWER: B

The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Last Answer : Answer: World Bank

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Last Answer : (4) Stock market Explanation: Both the terms are related to stock market. Investors who take a bull approach purchase securities under the assumption that they can be sold later at a higher price. A ... believe that the value of a specific security or an industry is likely to decline in the future

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Description : A closed economy is one which - (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) (4) Is not a member of the U.N.O.

Last Answer : (1) Does not trade with other countries Explanation: A closed economy is one that has no exports or imports. An open economy is one that has exports and imports. In a closed ... surplus. In a closed economy, equilibrium price and equilibrium quantity determine consumer surplus and producer surplus.

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Last Answer : (2) Internal trade Explanation: Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into ... importance of domestic trade in a country is that it facilitates exchange of goods within the country.

'Kyoto Protocol', an agreerne; signed by various =Indies, is associated with - (1) Clean Environment and Climate Change (2) Building common food stock to save human beings from any natural disaster (3) International Trade (4) Deep Sea 011 and Mineral Exploration

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Last Answer : (1) Clean Environment and Climate Change Explanation: Kyoto Protocol (1997) is associated with the reduction of greenhouse gases.