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Question 1:
a) Explain, with the use of examples, what is meant by the ‘Factor Endowment Theory'.
b) According to you, can the ‘Factor Endowment Theory' be a reasonable explanation of the pattern of world trade nowadays?
Question 2:
a) Identify and explain any 3 types of non-tariff barriers (NTBs).
b) According to you, are tariffs or NTBs more distortionary to trade?
Question 3:
a) Explain the principle of ‘Liberalisation' and ‘Non-discrimination' as laid down by GATT 1947.
b) According to you, are these principles beneficial for developing countries (including least developed countries)?
Question 4:
The Trade Related Aspects of Intellectual Property Rights (TRIPs) agreement has largely influenced global trade since 1995.
a) Explain what intellectual property rights are and why they are applied.
b) Discuss why NGOs have been protesting against the inclusion of TRIPs agreement into World Trade Organisation (WTO) rules.
It commonly refers to the combination of commercial banking and investment banking. It is a supermarket for both wholesaler n retailer financial services as it offers a huge range
despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
Is there an optimum population size for a country? Optimum (best) population arises while productivity that is output per person is highest. • An under-populated country ca
theory of profit maximisation
what is the immigration surplus?
A transition economy is Moving from a planned to a mixed or free market economy.
QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss
Assume Mr. Robinson deposits pounds 600 in currency at a bank. Later that day Ms. Volker borrows pounds 1200 from the similar bank. The money supply will have enhanced by pounds 60
B. Complete the following table
What factors affect Population Change? Population growth is affected by given factors: • Births from the 1960s birth rates have declined quickly inmost LDCs except which in
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