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1. International trade:
(a) Explain the concept of comparative advantage between two countries (use a numerical example to illustrate, and do not use the identical example in the lecture note).
(b) Explain the advantages of free trade.
(c) What are the potential problems (disadvantages) associated with free trade?
what is the current economic situation in the world?
trade experience of developing countries
what is scope of international economics
Q . Consider that the relative capital abundance of Australia was so much greater than that of Sri-Lanka, that we would have to locate Australia far to the right on the K/L axis.
Explain Ohlin theory of International trade
is general equilibrum in trade
Explain the law of demand. Briefly discussed the exception to the law of demand
Q. Write about the assumptions of the theory of consumer behavior based on the cardinal utility approach. 1. Rationality- It is assumed that the consumer is a rational being in
Open Cities & Open Coastal Areas: like the Sezs, aimed at attracting foreign investments and technology. They are : Dalian (Liaoning province); Qinhuangdao (Hebei), Tianjin, Yant
Q. How can long-run values in the real exchange rate change? Answer: A elevate in world relative demand for U.S output origins a long-run real appreciation of the dollar
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