Column-I (Basis of International Trade) | Column-II (Feature) |
---|---|
a. Geological structure | ii. It determines the mineral resource base. |
b. Mineral resources | iii. It provides the base for industrial development. |
c. Climate | i. It determines the biotic life. |
d. Cultural factors | iv. The development of crafts and skills is determined by it. |
Case for Free Trade
The act of opening up economies for trading is known as free trade or trade liberalisation. This is done by bringing down trade barriers like tariffs. Trade liberalisation allows goods and services from everywhere to compete with domestic products and services.
Globalisation along with free trade can adversely affect the economies of developing countries by not giving equal playing field by imposing conditions which are unfavourable. With the development of transport and communication systems, goods and services can travel faster and farther than ever before. But free trade should not only let rich countries enter the markets, but allow the developed countries to keep their own markets protected from foreign products.
Countries also need to be cautious about dumped goods; as along with free trade dumped goods of cheaper prices can harm the domestic producers.
Draw a rough sketch for the curve $y = 2 + |x + 1|$. Using integration, find the area of the region bounded by the curve $y = 2 + |x + 1|$, $x = -4$, $x = 3$, and $y = 0$.
A school is organizing a debate competition with participants as speakers and judges. $ S = \{S_1, S_2, S_3, S_4\} $ where $ S = \{S_1, S_2, S_3, S_4\} $ represents the set of speakers. The judges are represented by the set: $ J = \{J_1, J_2, J_3\} $ where $ J = \{J_1, J_2, J_3\} $ represents the set of judges. Each speaker can be assigned only one judge. Let $ R $ be a relation from set $ S $ to $ J $ defined as: $ R = \{(x, y) : \text{speaker } x \text{ is judged by judge } y, x \in S, y \in J\} $.