16. (a) …………………………………. originated through direct production. Trade originated due to…………………………………(b) Commerce is the combination of ………………………………… and …………………………….

What was a significant development in the way goods were made?Multiple choice question.A)development of millsB)economic factorsC)factory systemD)wealthy merchant association

The question consists of five statements labelled A, B, C, D and E which when logically ordered form a coherent passage. Choose the option that represents the most logical order.A. Merchants soon grew rich as the demand for products increased.B. Trade started from person to person but grew to involve different towns in different lands.C. Eventually, people got a greater variety of things to choose from.D. People found work in transporting the goods or selling them.*1 pointBDACBADCDABCDBAC

Important regulations used in international trade to determine the country of origin of a product? Choices : - Rule of Country - Origin Rule - Country Rule - Rule of Origin

Country A and Country B entered into a free trade agreement recently. After this, Country A starts importing heavy machinery from Country B. Country A previously imported such machinery at lower rates from another country. Which of the following has occurred in this scenario?Question 4Select one:a.Trade creationb.Efficiency gainc.Trade deficitd.Trade diversion

If a country differs from the rest of the world in taste patterns but not in production capabilities, the trade will lead to some international specialization in ___________.Select one:a.Productionb.Consumptionc.Productivityd.Techniques of production