Foreign Trade and Economic Development
Economics ⇒ Economic Development
Foreign Trade and Economic Development starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define foreign trade and explain its two main components.
Describe the role of foreign trade in the industrialization of developing countries.
Describe two ways in which foreign trade can contribute to economic development.
Discuss the disadvantages of over-dependence on foreign trade for economic development.
Discuss the impact of foreign trade on employment generation in developing countries.
Discuss the role of foreign trade in the economic development of India since independence.
Explain how foreign trade can lead to specialization in production.
Explain the concept of comparative advantage with an example.
Explain the difference between balance of trade and balance of payments.
Explain the impact of foreign trade on the standard of living in developing countries.
Explain the role of foreign trade in the transfer of technology to developing countries.
What is meant by the term 'terms of trade'?
What is the main objective of export promotion policies?
What is the main purpose of imposing tariffs on imports?
What is the meaning of 'export-oriented industrialization'?
