International agricultural trade UE Past Papers Questions.

According to the Leontief Paradox, a country should specialize in the production of goods that it produces more efficiently in comparison to other goods even if the country does not hold absolute advantage for that good.

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UNSOLVED

Special drawing rights (SDR) are new kind of reverse which the IMF would distribute to member countries in proportion to their quotas.

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UNSOLVED

The following equation represents the gravity nodel of the world trade.

Where A is a constant term, is the value of trade between country i and country j , is country i`s GDP, is country j`s GDP and is the distance.

1. Use the information in the above equation to concisely provide a verbal expression of the gravity model of the world trade.
2. Briefly discuss the role of trade policies in strengthening regional value chains in Africa.

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UNSOLVED

Write short notes on each of the following

1. Exchange rates
2. International Bank for Reconstruction and Development
3. The spot market
4. The Bretton Woods Institutions
5. Free trade

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UNSOLVED

Describe the demand and supply conditions that are important for explaining, “Why do nations trade?”.

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UNSOLVED