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Problem 1:
(a) Clearly distinguish between the theories of Comparative and Absolute advantage of trade (you are expected to use examples to illustrate your answer).
(b) According to you, how far do these theories still illustrate the behavior of trade around the world? What other theory/theories come closer to explaining the pattern of current world trade behavior?
Problem 2:
a) Describe, with the use of diagrams, the difference between a tariff and a quota.
b) Over the recent years, domestic support in agricultural trade has become a significant issue in international trade negotiations. Explain how subsidies in agricultural trade is trade-distorting.
Problem 1: (a) Distinguish between the two broad aspects of globalization. (b) Critically analyse the drivers of globalisation. (c) Discuss, with examples, on the advanta
Discuss how income flows in governed economy
Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an
The Garcia Company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 16 percent. Suppose interest payments are made semi-yearly. a. Verif
how does the buying and selling of stock fit the model for perfect competition?
The economy of Cotai contains 2000 $1 bills. (a) If people hold all money as currency, what is the quantity of money? (b) If people hold all money as demand deposits and bank
Explain the ways in which businesses may try to influence government policy in a way that might benefit them. In the light of government regulation, businesses may become inv
Problem: (a) What do you meant by the term "Outsourcing"? (b) Outsourcing services will be categorized into two groups namely Technology Services and Business Processes.
interaction between the two market force, demand and supply
A sample of 58 mutual funds was taken and the mean return in the sample was 14% with a standard deviation of 9.3%. The return on a particular index of stocks (against which the mut
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