Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

INTRO CH 1

REASONS FOR SEA TRANSPORT

QuestionAnswer
WHY IS SHIPPING REFERRED TO DERIVED DEMAND THERE IS NO DEMAND FOR VESSELS PER SE, BUT ONLY THE UNDERLYING CARGO THEY CARRY.
HOW IS THE SPEED OF SHIPS REFERRED TO KNOTS OR NAUTICAL MILES PER HOUR
WHAT DOES CABOTAGE MEAN HAS TWO MEANINGS: 1. COASTAL SHIPPING 2. THE RESTRICTION OF TRADE WHO'S VESSELS ARE REGISTERED IN THAT COUNTRY. A FORM OF PROTECTIONISM
WHAT ARE THE 4 RESOURCES THAT ARE UNEVENLY DISTRIBUTED THROUGHOUT THE WORLD 1. LAND - CLIMATE AND GEOLOGY 2. LABOUR - COST OF LIVING, EXPERTISE 3. ENTERPRISE - AUTOMATION OF INDUSTRY 4. CAPITAL - RELATES TO INFRASTRUCTURE RAIL, ROADS ETC
WHAT ARE THE TWO TYPES OF ADVANTAGE A COUNTRY CAN HAVE OVER ANOTHER 1. ABSOLUTE ADVANTAGE 2. COMPARATIVE ADVANTAGE
GIVE AN EXAMPLE OF ABSOLUTE ADVANTAGE JAPANESE IMPORTING COAL FROM AUSTRALIA. JAPANESE HAS NO RESOURCES. AUSTRALIA HAS OPEN CAST MINES LESS LABOUR AND CAPITAL INTENSIVE. NATURAL DISASTERS HAVE INCREASED JAPANS SHORT TERM REQUIREMENTS.
GIVE AN EXAMPLE OF COMPARATIVE ADVANTAGE CHINESE EXPORTS OF PART/FULLY MANUFACTURED COMPUTER GOODS TO USA/EUROPE. LABOUR COSTS NEGLIGIBLE - WTO 2001 ENTRY. FDI GRANTS BY CHINESE GOVTS.
HOW DOES CLIMATE IMPACT ON IMPORT/EXPORTS UK FOR EXAMPLE COULD NOT GROW COCONUTS OR COFFEE WITH ANY DEGREE OF SUCCESS, BUT CAN GROW POTATOES AND OTHER ROOT VEGATABLES
GIVE AN EXAMPLE OF HOW GEOLOGY PLAYS ITS PART IN IMPORTS/EXPORTS OF THE UK UK AND AUSTRALIA HAVE COAL SEAMS, THE UK ALSO AS NORTH SEA GAS RIGS. WE HAVE NO NATURAL COPPER OR NICKEL MINES.
GIVE EXAMPLES OF HOW LABOUR AND ENTERPRISE CAN CHANGE A COUNTRIES ADVANTAGE JAPANESE MANUFACTURING DURING THE 1980' WITH JIT. OFFSET THE HIGHER WAGE COSTS TO ENABLE CARS TO BE EXPORTED WORLDWIDE. QUALITY PRODUCTS AT GOOD PRICES. NOW BEING CHALLENGED BY KIA AS JAPANESE LABOUR COSTS RISE. SHIPBUILDING IN CHINA/KOREA NOW CHEAP.
HOW CAN THE POLITICAL CLIMATE INFLUENCE TRADE BARRIERS TO ENTRY-IMPORT TAXES IF COUNTRY SEEKS TO PROTECT ITS OWN INDUSTRIES.SUBSIDIES TO ENCOURAGE FDI. EXAMPLE CHINA MEMBER OF THE WTO 2001. SUEZ CRISIS 1965-1973
WHY DOES AN INCREASE FOR THE DEMAND FOR GOODS NOT ALWAYS EQUATE TO AN INCREASE IN THE DEMAND FOR SHIPS THE MARKET FOR THE GOODS MAY SHIFT, WHICH MEANS THAT RAIL.ROAD OR TRANSPORT COULD BE UTILIED CHEAPER OR THE USE OF PIPELINES.
HOW HAVE TRADING PATTERNS CHANGED OVER THE YEARS EUROPEAN COUNTRIES IMPORTED GOODS FROM THEIR TERRITORIES, WHO DELIBERATELY DEVELOPED ITEMS TO TRADE. NOW EUROPE HAVE FORGED LINKS CLOSER TO HOME, LEAVING TERRITORIES TO FIND OTHER MARKETS.
GIVE AN EXAMPLE OF A CHANGE TO TRADE PATTERNS THAT HAVE NOTHING TO DO WITH ACTUAL FACTORS OF PRODUCTION. TECHNOLOGICAL ADVANCES IN SHIPPING DESIGN ENABLED GREATER CARGOES TO BE CARRIED AND ECONOMIES OF SCALE. TANKERS AND LINERS.
WHAT ARE THE TWO MAIN TRADES IN SHIPPING LINER TRADES AND BULK TRADES. THE BULK TRADES ARE FURTHER SPLIT INTO DRY BULK AND TANKERS.
WHATS ANOTHER NAME FOR THE DRY BULK CARGO VESSELS TRAMP TRADE - AS THEY TRAMP FROM ONE JOB TO ANOTHER.
WHAT TYPE OF ECONOMIC MARKET DO THE TRAMP TRADE OPERATE IN FOR FREIGHT RATE NEGOTIATION ECONOMISTS CALL THIS PERFECT COMPETITION
Created by: KJPARKER28
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards