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international trade questions and answers pdf
Explain the difference between the "gains from exchange" and the "gains from specialisation" with the help of the production possibility frontier and community indifference curves. Discuss other sources of gains from trade.
As such, it is necessary for it to be accompanied by an income redistribution policy. Also explain whether free trade is a good or bad idea overall. Discuss why the theorem does not imply that real Gross Domestic Product per capita will be the same in all countries.
Compare and contrast the welfare effects of the imposition of a tariff by a small and a large country. Critically examine the validity of the proposition that an "optimum tariff" will maximise the economic welfare of the tariff imposing country. Explain how two large countries that have been involved in a "tariff war" can reach a tariff distorted equilibrium in which there is still some trade between the two countries. From the tariff distorted equilibrium explain why there are no incentives for either country to unilaterally reduce its tariff and discuss whether or not there are potential benefits to be had from joint tariff reductions.
Explain the concept of an "optimum tariff" and examine the validity of the proposition that such a tariff will maximise the economic welfare of the tariff imposing country. Explain what is meant by the optimum tariff argument for protectionism. Is the optimum tariff really a valid argument for protectionism? Examine the effects of a tariff in firstly a "small" country and explain why it is general deemed to be a bad idea.
Discuss the "optimum tariff" argument which suggests that protectionism can be a good idea. Economists do not necessarily think customs unions are a good idea. Discuss why this is the case with reference to trade creation and trade diversion effects and the Cooper and Massell critique.
What are the key principles underlying the operation of the WTO? To what extent do these principles make economic sense? You work in the economics office of a major bank. The bank is considering substantial participation in a major syndicated bank loan to the government of a less developed country called LATINA. What type of data and analysis would you include in your report and why? Using IS-LM-BP analysis compare and contrast the effectiveness of fiscal and monetary policies at influencing the level of real output in an open economy under floating exchange rates.
Explain with the aid of diagrams the difference between Tinbergen's instruments-targets rule and Mundell's principle of effective market classification. Discuss the importance of the degree of international capital mobility in determining the appropriate policy mix for the achievement of internal and external balance in an economy. However, their practical application to the real world is limited. Examine separately the effects of i a decrease in domestic income and ii a rise in the foreign price level under both fixed and flexible exchange rates within the context of the monetary approach to the balance of payments.
Discuss the contribution and limitations of this model. Explain what you understand by purchasing power parity theory. How do you account for its poor performance at explaining exchange rate movements since ? Discuss the empirical validity on PPP. Explain Dornbusch's model of exchange rate "overshooting" and discuss its contribution to our understanding of floating exchange rate behaviour.
international marketing exam questions and answers pdf
Test your ability to identify the importance of international marketing in this quiz and worksheet. And the result is an annual turnover of Rs. Please sign in or register to post comments. International business can be classified under four types of headings: 1 The company whose only international business is trading internationally. The marketing test enables you to assess your knowledge of Digital Marketing and its nuances.
Marketing course. Assignment 5. These papers featured in past exam sessions and should therefore be used as a guide only. Where real countries are mentioned, please use your knowledge of the actual background. The use of silent non-programmable calculators is permitted. Site news.
ECO – International Trade – Spring Term SAMPLE your allocation should depend on your skills in answering the different types of questions. 7.
The main components are i Volume of trade ii Composition of trade iii Direction of trade. Q Why are sea ports called gateways of international trade? Ports import goods from foreign countries for their hinterland and export product goods to foreign countries therefore they are called gateways of international trade. Q What is it detrimental for a nation to have negative balance of payments? A negative trade balance of payments means a country is not in a position to invest more on imports resultant it is gradually indebted.
Econ Devaki Ghose dg9zf virginia. Dumping refers to: A. Which one of the following is not a cause but a consequence of Globalisation?