ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is a form of international trade?
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Trading between China and Jamaica
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Trading between Antigua and Jamaica
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Trading the Bahamas and Jamaica
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Trading between Haiti and Jamaica
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Explanation:
Detailed explanation-1: -Trade In December 2022, the top exports of China to Jamaica were Sodium or Potassium Peroxides ($4.04M), Other Furniture ($2.47M), Plastic Housewares ($2.43M), Rubber Tires ($2.41M), and Telephones ($2.13M).
Detailed explanation-2: -Exports also include products bauxite and alumina, fishery products, scrap metal and various manufactured goods. Jamaica’s imports include petroleum products, motor vehicles and parts, machinery, chemicals, food and beverages, telephone equipment, medicaments, paper products, textiles and clothing and footwear.
Detailed explanation-3: -So, in this blog, we’ll discuss the 3 different types of international trade – Export Trade, Import Trade and Entrepot Trade.
There is 1 question to complete.