Question

Drag each label to the correct location on the image. Match the given examples to the relevant scenarios.

Answer 1

The correct way to match the given examples to the relevant scenarios is the following:

TRADE SPECIALIZATION:

*A US company enters into a franchising deal with an Indian company.

*Canada procures coffee only from Ghana.

A trade specialization takes place when goods and services in native companies, farms, and individuals can be produced, but which foreign countries can produce more cheaply. In these two cases, the US and Canada share a trade specialization with India and Ghana respectively.  

NOT A TRADE SPECIALIZATION:

*Vermont produces maple syrup, thanks to the abundance of maple trees.

*The United States specializes in producing computers and microchips, thanks to the superior technological knowledge.

*Most of the rice produced in China is consumed in the country itself.

In these three cases, a trade specialization is not performed, since there is no import/exchange between countries/cities. These three cases narrate a special production of the country/city (Vermont, US, China) to itself.

Answer 2

1                    2                       3

4                  5

                                      2                          4

                                      3                          1

                                      5                        

Hope this helps you :)