UNIT 11 – Assessment
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Question 1 of 15
1. Question
What is meant by the term absolute advantage ? What is meant by comparative advantage ? Explain both with examples.
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Question 2 of 15
2. Question
What is the balance of trade ? And compare the trade balances for last two years appeared in the balance of payments in Sri Lanka.
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Question 3 of 15
3. Question
What are the advantages and disadvantages of trading blocks like SAARC and the EU ?
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Question 4 of 15
4. Question
What advantages can be gained by a Sri Lanka producer when selling his products in the global market ?
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Question 5 of 15
5. Question
Why would a producer choose to work through intermediaries when selling products to consumers.
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Question 6 of 15
6. Question
What does following stand for ?
a) WTO b) NAFTA
c) BRICS d) SAPTA
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Question 7 of 15
7. Question
Explain the differences between e-commerce and e-business
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Question 8 of 15
8. Question
Discuss the reasons, why supermarkets are popular among customers today.
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Question 9 of 15
9. Question
Classify the export and imports of Sri Lanka into major categories according to the information given in the last year annual report of the Central Bank.
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Question 10 of 15
10. Question
“Traditional trade activities are mostly taken over by e-commerce” discuss.
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Question 11 of 15
11. Question
State separately benefits of e-commerce for a businessman and for a consumer
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Question 12 of 15
12. Question
The document which guarantees the payment to an exporter is
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Question 13 of 15
13. Question
Briefly explain the procedures to be followed by a Sri Lankan importer when importing goods from abroad.
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Question 14 of 15
14. Question
The differences in value between import and export of goods is known as
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Question 15 of 15
15. Question
Write short notes on the following
a) Entreport trade
b) Bonded warehouse
c) GSP +
d) e-business
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