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International trade questions

International trade questions | form six Economics

Find International trade examination questions, form six Economics in acaproso.com

# Question
1

Does favourable terms of trade imply favourable balance of trade?


Short answers
2

Distinguish between devaluation and revaluation.


Short answers
3

Examine the merits and demerits of trade restrictions as they are applied in international trade.


Long answers
4
  1. Distinguish between the following
  1. Balance of trade and balance of payment
  2. Terms of trade and visible balance
  3. Theory of absolute advantage and comparative advantage
  1. Show the application of the theory of comparative cost.

Long answers
5
  1. Explain the following concepts
  1. Trade creation
  2. Trade diversion
  1. Briefly indicate how each of the above concepts may help or hinder the progress of regional economic grouping in Africa.

Short answers
6
  1. Explain the following
  1. Free trade
  2. A common market
  1. Discuss the arguments for and against free trade

 


Long answers
7
  1. Define
  1. Commodity terms of trade
  2. Income terms of trade
  1. Show how a country may gain from international trade even when her commodity terms of trade are deteriorating.

Short answers
8

Why does a country participate in international trade?


Long answers
9

How can devaluation improve the balance of payments of a country?


Short answers
10

Discuss the causes and methods of correcting disequilibrium in the balance of payments (deficit in the balance of payments)


Long answers