The Reasons for International Trade (Grade 12 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Why does international trade occur between countries?
Why does international trade occur between countries?
Countries have excess & shortages of goods
How does population growth affect international trade?
How does population growth affect international trade?
Local producers struggle; imports needed
What happens when per capita income rises in a country?
What happens when per capita income rises in a country?
More disposable income; demand increases
How do consumption patterns differ in less developed countries?
How do consumption patterns differ in less developed countries?
High demand for basics; low for luxury
Why do natural resources create opportunities for international trade?
Why do natural resources create opportunities for international trade?
Resources are distributed unevenly
Why does Brazil have a competitive advantage in coffee production?
Why does Brazil have a competitive advantage in coffee production?
Favourable climate for coffee growing
What does 'Rich Countries Like To Send Chocolate' help you remember?
What does 'Rich Countries Like To Send Chocolate' help you remember?
Resources, Climate, Labour, Tech, etc.
How does international trade enable mass production?
How does international trade enable mass production?
Domestic & foreign demand allow scale
What effect does international trade competition have on prices?
What effect does international trade competition have on prices?
Lower prices & improved efficiency
When does a country have a balance of payments surplus?
When does a country have a balance of payments surplus?
Money in exceeds money out