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7 Matching questions
D. The multiple different corporation that the nations import B. Most trade are in manufactured goods, while historically
and export between their division agricultural and mineral product makes up most of the trade.
No answer given
F. It is the crossing borders that involves formalities that take
THE ANSWER
time, and exchanged perhaps monetary costs like tariffs
G. The ocean harbors and a lack of mountain barriers to reduce trade.
make transportation and trade easier.
No answer given
THE ANSWER
INCORRECT
No answer given
THE ANSWER
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 1/5
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
INCORRECT
No answer given
THE ANSWER
7. Define Borders
INCORRECT
No answer given
THE ANSWER
A.
No answer given
B.
What is the largest developing country and rapidly growing force in World Trade?
A.
No answer given
D. What did large fraction volume trade came from in the past?
E.
Why does U.S. trade more with European countries than other?
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 2/5
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
3. Larger economies produce more goods and service, generate more income so they are able to buy more important. Among
that, trading between any two countries is larger than one.
A.
No answer given
C.
What is good about volumes/larger economies?
A.
No answer given
B. What are few impediments to trade besides the size matter for trade?
D.
Why do they have "Trade Agreement" between countries?
E. Why does U.S. trade more with European countries than other?
Ex) Netherlands & Belgium have transport cost advantage due to their location compare to European Countries
A.
No answer given
D.
What can the Gravity Model do?
A.
No answer given
C.
What influence trades?
E. What did large fraction volume trade came from in the past?
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 3/5
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
A.
No answer given
B.
What did large fraction volume trade came from in the past?
D. Why does U.S. trade more with European countries than other?
6 True/False questions
1. It is the start of a fraction in world trade GDP to achieve unprecedented heights. It grew rapidly from 1870-1913 but suffered a
sharp decline in Great Depression → Why is "World Trade" special?
INCORRECT
No answer given
THE ANSWER
True
2. Free trade agreement between Mexico & Canada, which is called North America Free Trade Agreement (NAFTA) → What did
U.S. signed in 1994?
INCORRECT
No answer given
THE ANSWER
True
3. The volume of trade that is directly related to GDP of each partners, and inversely relates it to the distance between
them. → What can the Gravity Model do?
INCORRECT
No answer given
THE ANSWER
False
It should be → What does the gravity model predicts?
4. A factor is such as wars, because it can change trade patterns much more innovation in transportation and communication
INCORRECT
No answer given
THE ANSWER
True
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 4/5
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
1) Distance. 2) Cultural Affinity. 3) Geography. 4) Multinational Corporation. 5) Border → Why do they have "Trade Agreement"
between countries?
INCORRECT
No answer given
THE ANSWER
False
It should be → What are few impediments to trade besides the size matter for trade?
6. The Political factors have influence trade more in history → What 1 thing influence and increase trade?
INCORRECT
No answer given
THE ANSWER
True
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 5/5