International agricultural trade UE Past Papers Questions.


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(3161) Question Category: True OR False

A forward exchange rate is a rate of exchange that is fixed now but delivery is made at a future date.

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(3162) Question Category: True OR False

Direct quotation is when the dealer (bank) quotes a customer by giving fixed amount of foreign currencies interms of variable amounts of the local (domestic) currency.

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(3163) Question Category: Short answers

Briefly describe the following based on the international trade theory

  1. Ricardian model of comparative advantage
  2. Hekscher OHlin model of factor endowment
  3. Porters competitive theory

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(3164) Question Category: Long answers

Both exporting and importing country will gain from free trade . Illustrate this based on consumer surplus and producer surplus concepts, using partial equilibrium analyses for importing and exporting country of a traded commodity.

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(3165) Question Category: Long answers

Several policies influence patterns of trade. These include import tariff, export subsidy, import quota, regional integration but also food safety and phytosanitary regulations. The first three are barriers to trade, while the last two are not barriers to trade but can be used as barriers to entry to countries applying them. Explain.

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