A straight line passes through points (1, 5) and (6, 0) and intersects with the straight line 2y = 5x – 16 at point P. Find the coordinates of point…

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A straight line passes through points (1, 5) and (6, 0) and intersects with the straight line 2y = 5x – 16 at point P. Find the coordinates of point P.

  1. (5, 2)
  2. (2, 4)
  3. (4, 2) ✓
  4. (4, 6)

Explanation

World trade has grown dramatically – countries increasingly interconnected. Benefits: access to goods not domestically produced, lower prices through competition, specialization increases efficiency.

Trade organizations: WTO (sets rules, resolves disputes), regional blocs (EU, ECOWAS reduce internal barriers). Trade agreements reduce tariffs and other barriers.

Critiques: unequal benefits (developed countries gain more), environmental costs (shipping, production in less regulated areas), job losses in some sectors. Globalization creates winners and losers.

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