International Economics (ECST3202)
DIPET 1 in Economics - ECNT
Semester: Second Semester
Level: 300
Year: 2015
UNIVERSITYOF BAMENDA
HIGHER TECHNICAL TEACHERS TRAINING COLLEGE (HTTTC)
DEPARTMENT OF ECONOMIC SCIENCE
International Economics: 2014/15
Instructor: A. Peter Etoh Anzah (Senior Lecturer)
Instructions: Attempt all questions. Be very brief and to the point avoiding all unnecessary
explanations. Time allowed is 2.5 hours. Only calculators are authorised.
1) How can an increase in timber prices limit exportations? …………………………………………………..
2) An effective tax or-tariff rate means…………………………………………………………………………
3) The vertical division studies the Balance of Payments in .................................. …………………………….
4) State three basis of International Trade a)………………b) ……………and c)……………………………..
5) Unilateral transfers are recorded in which Account of the Balance of Payments table?
6) What is the name of the curve demonstrated in the Vent-for-Surplus theory of international trade?
7) Explain the situation where the Intra-Industry Trade Index (I
tt
) of a country is equal to unitary
8) What is the meaning of the consumption effect of an import, tariff?
9) List two causes of export instability in developing countries.
10) What do you understand by the Marginal Propensity to Import? …………………………………………..
11) .................................. ............. are recorded in the Capital Account but incomes from them
are recorded in
the Current Account
12) What do we mean by income elasticity of demand being elastic?
13) What is Voluntary Export Restraints?
14) An offer curve is defined as………………………………………………………………………………….
15) How can we fight long term deteriorating terms of trade (only one way)?
16) Give three bases of NIEO
17) Why are investments made abroad recorded as a debit whereas incomes from such investments are credited in
the balanced of payments table?
18) Why is the foreign multiplier smaller than that of a three sector economy?
19) Define Intra-Industry Trade.
20) Suppose the tariff rates and quantities of four imported products are given as follows:
Item
Quantity
Tariff (Percent)
A-Renault
200 000
15
B-Honda CRV 500 000 5
C-Toyota RAV4
100 000
10
D-Chevrolet
85 000
2
What is the weighted average tariff rate?
NB: Insert All Question Papers m the Answer Booklet and Submit. Else your Script Will Not Be
Corrected.
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