Transport and Trade Classwork

Which one of the following statement is a good definition for trade.

• It is the movement of people and goods over time and space.

• It is the movement of people over time and space.

• It is the movement of goods over time and space.

Which industry does transport and trade falls under?

• Primary Industry

• Secondary Industry

• Tertiary Industry

The fastest mode of transport is?

• Road

• Air

• Sea

Which of the following is the best mode of transport to carry large bulky products over long distances?

• Water

• Air

• Road

Which of the following is NOT benefit of containerization?

• It secure the goods

• It has less insurance cost

• It is easy to handle

• It has alot of documentation

When two countries exchange their commodities this agreement is known as?

• Bilateral

• Multilateral

Countries depend heavily on trade because?

• It creates employment

• it provides no foreign exchange

• It save natural and human resources

The diffrence between imports and export is called?

• Trade deficit

• Visible trade

• Balance of trade

When a country imports more than it export..it is said to have a .........

• favorable balance of trade

• unfavorable balance of trade

The Bahamas main export partner is ______________________?

• United States

• France

• Canada

• England