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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

Give reasons and remedies for deteriorating terms of trade in less developed countries.


Long answers
2

Show by using illustration the effects of Tariffs and Quota Tariffs and quota have the following effects.


Short answers
3

What are the possible costs to a country when it engages in international trade?


Short answers
4

Discuss the advantages and disadvantages of fixed exchange rates.


Long answers
5

Discuss the advantages and disadvantages of free / flexible/ floating exchange/ fluctuating rate system.


Long answers
6

Outline the objectives of G.A.T.T. This is the General Agreement on Tariffs and Trade. The GATT came forward as a result of the 1947 General Conference. It is a multinational treaty encompassing 80% of the World Trade.


Short answers
7

Discuss the main objectives of UNCTAD.


Short answers
8

Explain the main roles of the World Bank and IMF.


Long answers
9

You are given the following information.

Country Cotton(Tons) Sisal(Tons)
Tanzania 4 2
Sudan 12 4

The figures represent input quantities per unitof the corresponding commodities.

  1. Which country has an absolute advantage in producing the following crops?
  1. Cotton
  2. Sisal

Give reasons to support your answers

  1. Which country has comparative advantage in producing the following crops?
  1. Cotton
  2. Sisal

Give reasons to suport your answers

  1. With reasons suggest how the two countries should specialize in producing the two commodities so as to encourage trade between them.

 


Short answers
10
  1. Differentiate a current account from  a capital account
  2. Giving seven reasons , show that international trade is vital to the domestiv economy.

Long answers