I.Fill in the blanks
1. Latin Americaexports _______________.
2. Rubber and tinare found abundantly in ________________.
3. Industrialcountries export ___________ to the less industrial countries.
4. Trade between countriesis called ____________.
5. The Europeancountry which exports large amount of paper and wood pulp ___________.
6. Latin Americancountries import_____________.
7. Africancountries are the importers of ______________.
II.Match the following:
1. China – MiddleEastern countries
2. Oil – MineralOres
3. Paper – Silk
4. Africa –Malaysia
5. Tin – Canada
III.Choose the correct answer
1. Trade with inthe country is called _________________.
a) Internal tradeb) International Trade c) Open trade
2. Industrial rawmaterials are _____________ products
a) Primary b)Secondary c) Tertiary
3. Switzerland isfamous for ____________
a) Silk b) Watchersc) Tea
IV.Answer the following
1. What is meant by bilateral and multilateral trade?
i) Bilateral tradeis the exchange of commodities between two countries.
ii) Multilateraltrade is the exchange of commodities between a number of countries.
2. What are the two main categories of commodities thatenter into the world trade?
i) Primary productsinclude cereals – fruits and other food items
ii) Cotton, Juteetc are also primary products.
iii) Secondaryproducts are manufactured goods.
3. Why does trade occur?
i) Trade occursbecause of surplus of goods in one place and the demand for the same in anotherplace.
ii) The differencein the natural resources of countries forms the basis of trade betweencountries.
IV.Paragraph
1.How does climate affect the trade of a country?
i) Differences inclimatic conditions result in different types of agricultural, animal andforest products.
ii) So differencein climatic conditions affect the trade of a country.
iii) Exchange ofgoods takes place between different climatic regions.
iv) For exampleTemperate regions supply softwood and dairy products.
2.Write a short on balance of trade
i) The differencein values between imports and exports of a country is referred to as thebalance of trade.
ii) If exportsexceed imports the country is said to have a favourable balance.
V.Detail
1.Discuss the factors that affect trade.
Uneven distributionof natural resources.
Differences inclimate, geology, Soil, vegetation and minerals resources result in theexchange of goods.
Stage of industrial
Industrialcountries export finished products to other loss industrialized countries.
Differences in Climate
i) Differences inClimatic conditions result in different types of agricultural, animal andforest products.
ii) So differencesin Climatic conditions affect the trade of a country.
Differences in Population
i) People indifferent regions produce distinctive types of goods because of their longtradition of producing certain goods.
ii) Countries likechina exports silk and Switzerland exports watches.
Transportation
Transportation playan important role in the development of trade. The development of roads. OilPipeline and so on in a country facilitate international trade by transportinga variety of bulky goods to the ports.
Government Policies
International tradeis influenced by Political relationship. When the relationship between countries is good, then there is moretrade.
2.Give an account ofthe world’s major trading regions.
Europe
Europe is one ofthe most densely Populated and highly industrialized regions.
North America
The USA has thelargest volume of trade together with Canada.
Latin America
This region coversthe Caribbean Islands and central and South America countries.
All them exportfoodstuffs and raw materials and import manufactured goods.
Africa
African countriesexport minerals ores and tropical raw materials and import manufactured goods.
Asia
Asian countries arerich in raw materials and minerals and they export them.