Global Trade - Marvel Education

Loading question...

You are in free guest mode. Timed Practice Revision List Attempt History Progress Tracking Create a free account to unlock these tools

Prev Next

Practice Reading: Fill in the Blanks (Dropdown) ID: #48045 Global Trade

Instructions ›

* Select the correct answer into all dropdown fields. You need to answer all questions before clicking verify button.

A recent review in the realm of international economics delves into the myriad ways innovation influences trade dynamics. It outlines a model firms simultaneously decide on innovation and international market participation, emphasizing how exposure to global markets incentivizes innovation. This burgeoning relationship between trade and innovation is pivotal, as it not only growth but also fosters a more interconnected and resilient global economy. On a practical level, initiatives by organizations like the World Bank Group are in streamlining global trade processes, making them more efficient and inclusive. For instance, the pandemic-induced challenges highlighted the fragility of global supply chains, urging a reevaluation of traditional practices. Innovations in digitalization, as seen with companies like Jetstream Africa, are revolutionizing trade logistics, particularly in regions like West Africa. By outdated manual and cash-based systems with digital platforms, these innovations are significantly reducing delays and costs associated with cross-border trade, thereby enhancing the accessibility and affordability of goods.

Result:

A.I. Explanation:

Correct answer: where
Explanation: The word 'where' introduces a relative clause that specifies the location or context in which firms make decisions about innovation and market participation. This fits grammatically as it connects the clause to the preceding noun 'model' and aligns contextually with the discussion of decision-making.
Meaning: 'Where' refers to the place or situation in which something occurs, indicating the context of firms' decisions in this case.
Wrong options:
when: 'When' refers to time, which does not fit the context of specifying a location or situation for decision-making.
that: 'That' is a relative pronoun but does not provide the same contextual clarity as 'where' in indicating the setting of the model.
these: 'These' is a demonstrative pronoun that refers to specific items, which does not apply to the context of describing a model.
Correct answer: amplifies
Explanation: The verb 'amplifies' correctly conveys the idea of increasing or enhancing growth, fitting grammatically as it aligns with the subject 'this burgeoning relationship' and contextually emphasizes the positive impact of trade on growth.
Meaning: 'Amplifies' means to make something greater or stronger, in this case, referring to the growth resulting from the relationship between trade and innovation.
Wrong options:
carries: 'Carries' implies transport or support, which does not accurately describe the action of enhancing growth in this context.
devises: 'Devises' means to create or plan, which does not fit the context of growth being influenced by trade and innovation.
exploits: 'Exploits' suggests taking advantage of something, which has a negative connotation and does not align with the intended meaning of positively enhancing growth.
Correct answer: instrumental
Explanation: The adjective 'instrumental' describes the significant role that organizations like the World Bank Group play in facilitating global trade processes. It fits grammatically as it modifies the subject 'initiatives' and contextually emphasizes their importance.
Meaning: 'Instrumental' means playing a crucial role in achieving something, highlighting the importance of these initiatives in improving trade efficiency.
Wrong options:
peripheral: 'Peripheral' means secondary or not central, which contradicts the intended meaning of being essential in streamlining trade processes.
immortal: 'Immortal' refers to something that cannot die, which is irrelevant in the context of trade initiatives.
mutual: 'Mutual' implies a shared relationship, which does not accurately describe the role of initiatives in facilitating trade processes.
Correct answer: replacing
Explanation: The verb 'replacing' indicates the action of substituting outdated systems with digital platforms, fitting grammatically as it aligns with the subject 'innovations' and contextually highlights the transformative impact on trade logistics.
Meaning: 'Replacing' means to take the place of something, in this case, referring to the transition from manual systems to digital platforms.
Wrong options:
enhancing: 'Enhancing' means to improve or increase, which does not convey the action of substitution required in this context.
restricting: 'Restricting' implies limiting or controlling, which is contrary to the intended meaning of substituting outdated systems.
eradicating: 'Eradicating' means to completely eliminate, which does not accurately describe the process of substituting one system for another.

PoS Classification

With a free account: Retry and compare every attempt.

How difficult was this question?

Others found: 100% Easy · 0% Medium · 0% Hard

Saving...