CSEC Principles of Business · January 2012 · Paper 2 · Question 7(a)
State TWO reasons why countries trade with each other.
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Practise this questionOther parts of this question
- 7(b)(i)Define the term 'Specialization'.[2 marks]
- 7(b)(ii)Define the term 'Balance of trade'.[2 marks]
- 7(b)(iii)Define the term 'Globalization'.[2 marks]
- 7(c)(i)State TWO features of the Organization of Eastern Caribbean States (OECS).[2 marks]
- 7(c)(ii)State TWO features of the Caribbean Community (CARICOM).[2 marks]
- 7(c)(iii)State TWO features of the World Trade Organization (WTO).[2 marks]
- 7(d)Discuss TWO challenges faced by Caribbean economies in creating a single market and economy.[6 marks]
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