International Economics (ECO222)
DIPET 1 in Economics - ECNT
Semester: Second Semester
Level: 400
Year: 2014
irt
•
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UNIVERSITY OF BAIVI ENDA
HIGHER TEACHERS TRAINING COLLEGE BAMENDA-BAMBILI
DEPARTMENT OF ECONOMICS SCIENCES
INTERNATIONAL ECONOMICCS 2013/2014
. Instructor: A. Peter Etah-Anzah (Senior Lecturer)
Attempt all Questions in. the order in which they
appear. rirne
allowed is
2
hours.
Only Calculators are_ .
authorized.
Make
sure
you
return your question paper
. Defaulters
will have-thernselv
.
es
to blame..
1) Why do firms practice International Price Discrimination?-………………….and…………………….
2) The Vent-for Surplus Theory explains how.…………………………………………………………………….
3) Mercantilist Economic System centred on which two principal views? .......................... …
4) International trade is based on ............................................................. ……………..differences
5) The Statement "the ordinary means
-
therefore to increase our Wealth and treasure is
by foreign- trade, wherein we
'
must ever observe this role to sell
-
more to strangers.
Yearly
than we
consume
of
theirs in value" emphases ………………………………………..
6)
T
h
e. short comings of the Mercantilist and
.
P
-
protectionist doctrines include-
7)
Give the two definitions of Factor endowment or factor abundance……………………….
8)
The 1+0 theory
of international trade is centred on ………………………………………
9)
In What three ways can export .prices be stabilized? …………. ,…….., and…………..
10) The endowment-output relationship theory is an extension of the H-0 theory and
aimed at .................................................................
11) According: to Prof. Harberler international Economics is differentiated from other
branches
of Economics in respect to ...................................
12) How important is the Measurement of the infra-industry index? ....... and ........
13) Show how free-trade is important ...................................................................................
14) What do we mean by the. protective
effect of a tariff?'
15) Define
.
an inelastic income elasticity
of
imports (income inelasticity of imports}.. ........
16) The principal goal of the Comparative Cost Advantage Theory of international trade is
…………………………………………………………………………………………………………………………………………
17) In the year 2000
a
country called BOIGEL traded In only five products namely Snakes (S), Ants (A),
Lizards (L), Cocobioko (C) and
Ngounou fish (N).
Her trade with other countries combined was as
follows:
Calculate her intra-industry trade i ndex in 2000 and show its
significance
S/N Com mo dity Val ue o f E xpo rt Val ue of im por ts
1 S n ak e s 1 0 0 5 0
2 A n t s 3 0 0 1 0 0
3
Cocobioko
1 0 0 2 5 0
4 L i za r d s 2 0 0 1 0 0
5
Ngounou fish
7 5 7 5
6 T o t a l 7 7 5 5 7 5
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