Trade and Development (Grade 11 NSC Matric Geography): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does trade involve exchanging between two parties?
What does trade involve exchanging between two parties?
Goods, services, capital, labour, info
What does international trade create for trading partners?
What does international trade create for trading partners?
Mutual benefits
What do markets represent in international trade?
What do markets represent in international trade?
Systems & structures enabling trade
What trade volume do largest economies like USA and China handle annually?
What trade volume do largest economies like USA and China handle annually?
Hundreds to over 1000 billion dollars
Which commodity group accounts for over 23% of major traded goods?
Which commodity group accounts for over 23% of major traded goods?
Mineral fuels and oils
What proportion of major international trade involves processed or manufactured goods?
What proportion of major international trade involves processed or manufactured goods?
About three-quarters
What do LEDCs often export mainly?
What do LEDCs often export mainly?
Raw materials and unfinished goods
What is the formula for calculating terms of trade (TOT)?
What is the formula for calculating terms of trade (TOT)?
(Value of exports / imports) × 100
What does a TOT above 100 indicate?
What does a TOT above 100 indicate?
Favourable terms - earns more than spends
If exports = 3.94bn, what is the TOT?
If exports = 3.94bn, what is the TOT?
51.77