1)The answer to some questions can be both yes and no depending on the situation.
2)The English should be clear and the answers must be purely based on Economic theory.
3) The professor is looking to see quality answers.
4) Answers must be short and convincing.
International Trade Assignment
1. Industrial policy is not efficient because it protects inefficient industries.
True / False? Discuss. (4 marks. Maximum 70 words)
2. Would an increase in an economy’s GDP affect its trade patterns in the same way as an increase in GDP per capita?
Explain fully. (3 marks. Maximum 70 words)
3. If world prices increase, the current
http://ilearn.mq.edu.au/mod/quiz/attempt.php?attempt=772985account balance of the importing country will improve.
True / False? Explain. (3 marks. Maximum 70 words)
4. Should high-income countries erect or maintain trade barriers against imports from low-wage countries?
Discuss. (5 marks. Maximum 100 words)
5. Adam Smith wrote “An
http://ilearn.mq.edu.au/mod/quiz/attempt.php?attempt=772985Inquiry into the Nature and Causes of the Wealth of Nations”. How do you account, nowadays, for the income
http://ilearn.mq.edu.au/mod/quiz/attempt.php?attempt=772985inequality between rich and poor countries? Do countries need to be democratic to be rich? (5 marks. Maximum 100 words)
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