Introduction to International Trade (GSDR2117)
Higher Institute of Transport and Logistics (HITL)
Semester: First Semester
Level: 200
Year: 2017
School/Faculty: HITL DEPARTMENT: ALL LECTURER(S): Ms Martha SHEY
Level: 100 SEMESTER: 1 Academic Year: 2016/2017
COURSE CODE: COURSE TITLE: Introduction to International Trade
DATE: 15/05/2017 HALL: XXXXX TIME: 2hrs
Instructions: Answer all questions.
THE UNIVERSITY OF BAMENDA
P.O BOX 39 Bambili
REPUBLIC OF CAMEROON
Peace-Work-Fatherland
0 .
. 17 0
r.
QUESTION ONE (10 marks)
a)
Define International Trade. (2 marks)
b)
Why is it important to study International Trade? (6 marks)
c ) State three reasons why nations engage in international trade (2 marks)
QUESTION TWO (10 marks)
Define and illustrate the difference between Absolute cost advantage and Comparative
cost advantage as applicable to International trade.
QUESTION THREE (10 marks)
When a firm wants to sell its products on a foreign market, it must first of all put in
place an export commercial strategy. Give a detail explanation of what this implies.
Success Wishes
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