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Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.
PASSAGE
International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.
Q. Which one of the following has a major impact on international trade?
  • a)
    Contribution to GDP
  • b)
    Industrialization
  • c)
    Outsourcing
  • d)
    Domestic trade
Correct answer is option 'B'. Can you explain this answer?
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Direction: In the following questions, you have two brief passages wit...
Impact of Industrialization on International Trade:
Industrialization has a major impact on international trade as it leads to the mass production of goods and services, thereby increasing the volume of trade between countries. With industrialization, countries are able to specialize in the production of certain goods, leading to comparative advantages and increased competitiveness in the global market.

Key Points:
- Industrialization enhances productivity and efficiency, allowing countries to produce goods at lower costs and sell them at competitive prices in the international market.
- It also drives technological advancements, which in turn facilitate trade by improving transportation and communication networks, making it easier to conduct business across borders.
- Industrialized nations often have higher levels of capital investment, skilled labor, and infrastructure, all of which contribute to their ability to engage in international trade on a larger scale.
Overall, industrialization plays a crucial role in shaping the landscape of international trade and is a key factor in driving economic growth and development worldwide.
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Direction: In the following questions, you have two brief passages wit...
Industrialization has a major impact on international trade.
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Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q. What is the main difference between international and domestic trade?

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Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer?
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Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer?.
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Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.Q.Which one of the following has a major impact on international trade?a)Contribution to GDPb)Industrializationc)Outsourcingd)Domestic tradeCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: In the following questions, you have two brief passages with 3 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives.PASSAGEInternational trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. 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