thuyết trình

During the stage of development and exploration and exploitation of resources, what makes trade easier?

• New technologies

• Excess resources

• Massive traffic development

• Excess resources

What helped trade between countries become more popular in the early days? 

• Preserving peace between the two countries

• Excess of wealth

• convenience in transportation

• Comparative advantage

What is the problem of comparative advantage?

• America exports high technology

• Vietnam exports rice to Thailand

• America exports labor

What is a key characteristic of comparative advantage?

• a) Excelling at all tasks equally

• b) Focusing on tasks that can be done relatively better

• Producing everything domestically

• Avoiding competition with others

Which mode of transport accounts for the largest volume of goods globally?

• Air transport

• Rail transport

• Maritime transport

• Road transport

Why does the global supply chain require contributions from many countries?

• Because transportation costs are cheaper when using many countries

• Because each country has its own strengths in technology, labor or raw materials

• Because countries share the same production process

• Because no country can produce goods on its own