In ancient times, the most efficient way to transport goods from one place to another was by land.

The domestication of camels around 1000 BC helped encourage trade routes over land, called caravans, and linked India with the Mediterranean.

From the very beginning of Greek civilization to the fall of the Roman Empire in the 5th century, the Silk Road facilitated trade of valuable spice to Europe from the Far East, including China.

The Vikings established trade relations not only with the states in the Malay Archipelago but also with China and India.

The galleon, Spanish sailing vessel that made an annual round trip (one vessel per year) across the Pacific between Manila and what city?

GATT was designed by the UN in 1946 aimed to increase trade by tariff reduction. It stands for

This is the total value of all final goods and services produced in a country in a given year equal to total consumer, investment, and government spending, plus the value of exports, minus the value of imports.

The relative ability of two countries' currencies to buy the same basket of goods in those two countries is called ________.

This is how well a country does in terms of social liberties, life expectancy, and literacy rates.

Rise in price measured against a standard level of purchasing power

The larger it is, more uncertain is the country’s economy

What is the rank of the Philippines compared to neighboring countries in terms of inflation and income inequality?

What is the Philippines situation in terms of international trade?

When a country changes its leader(s), it can result to change in transactions and prices due to the interference of the new government system. What kind of risk is this?