SCIENCE
CHEMISTRY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The government can collect tax from chemical export
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The people can build residential places nearby
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The industry provides job opportunities
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The country save on foreign exchange
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Detailed explanation-1: -Answer: (i) Foreign trade creates opportunities for producers to reach beyond domestic markets. Producers can compete in markets located in other countries of the world. Similarly, for the buyers, import of goods from another country leads to expanding choice of goods beyond what is domestically produced.
Detailed explanation-2: -Foreign exchange is also important when a country is investing in another. If the US is investing in India, it has to invest in rupees. Such transactions create a demand for foreign exchange. This is why the foreign exchange market is important.
Detailed explanation-3: -A country’s importing and exporting activity can influence its GDP, its exchange rate, and its level of inflation and interest rates. A rising level of imports and a growing trade deficit can have a negative effect on a country’s exchange rate.
Detailed explanation-4: -More Job Opportunities. Expanding Target Markets & Increasing Revenues. Improved Risk Management. Greater Variety of Goods Available. Better Relations Between Countries. Enhanced Company Reputation. Opportunities to Specialize. 31-Aug-2022