International Economics (ECST3202)
DIPET 1 in Economics - ECNT
Semester: Second Semester
Level: 300
Year: 2012
UNIVERSITYOF DSCHANG
FACULTY OF ECONOMICS AND MANAGEMENT
International Economics for 2011/12
Instructor: A. Peter Etoh Anzah (Senior Lecturer)
Instructions: Attempt four (4) questions choosing at least two from each section. Time allowed is two (02) hours
Section A
Question I
How is it possible for two countries with one being cost relative to the other in the production of the both commodities
traded both benefit from trade?
Question II
What will you consider as the major benefits from international free trade ?
Section B
Question III
What are some of the problems a country will face in adopting the import substitution industrialization strategy?
Question IV
What are the major effects of a quota on free trade?
Question V
How can you justify the New International Economic Order (NIEO) call?
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