3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters
A subsection of Commerce, 7100, through 3. Globalisation of trade
Listing 10 of 99 questions
Countries, such as Japan, import and export visible and invisible items. Using examples, distinguish between visible and invisible items. A Japanese company has purchased machinery costing $300 000 from a company in the US. How will this purchase affect Japan’s Balance of Payments? Name and describe one means of payment the Japanese company could use to pay for the machinery. State two insurance risks against which the machinery should be insured whilst being transported. The US company could send the machinery to Japan using either air freight or container ship. Discuss both options. Which would you recommend? Give reasons for your answer. Explain how the Japanese Government could restrict imports which compete with home-produced goods.
7100_s15_qp_22
THEORY
2015
Paper 2, Variant 2
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