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Indian accommodates nearly ________ percent of world’s population:
- a)10
- b)17.5
- c)50
- d)19
Correct answer is 'B'. Can you explain this answer?
Most Upvoted Answer
Indian accommodates nearly ________ percent of world’s populatio...
The exchange of commodities between two countries is referred to as the volume of trade.
Explanation:
When two countries engage in the exchange of goods and services, it is commonly referred to as trade. The volume of trade represents the quantity of goods and services traded between the two countries. It is a measure of the extent of economic interaction between nations.
Balance of trade:
The balance of trade refers to the difference between the value of a country's exports and the value of its imports. It represents the monetary value of trade and indicates whether a country has a trade surplus or a trade deficit.
Bilateral trade:
Bilateral trade refers to the exchange of goods and services between two countries. It involves direct trade relationships between two nations, without the involvement of other countries or trade blocs.
Multilateral trade:
Multilateral trade refers to the exchange of goods and services between multiple countries. It involves trade relationships between more than two nations and can be facilitated through regional trade agreements, such as free trade agreements or participation in international trade organizations, such as the World Trade Organization (WTO).
Conclusion:
The correct answer to the question is option B, volume of trade. While balance of trade, bilateral trade, and multilateral trade are related concepts, they represent different aspects of international trade. The volume of trade specifically refers to the quantity of goods and services exchanged between two countries, regardless of their monetary value or trade balance.
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Indian accommodates nearly ________ percent of world’s populatio...
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Indian accommodates nearly ________ percent of world’s population:a)10b)17.5c)50d)19Correct answer is 'B'. Can you explain this answer?
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