National Open University of Nigeria
14-16 Ahmadu Bello Way, Victoria Island Lagos
School of Management Science
October/November 2014
Examination
COURSE CODE: ENT322
COURSE TITTLE: PRINCIPLE AND PRACTICE OF INTERNATIONAL TRADE
TIME ALLOWED: 2hrs
Instructions: ANSWER QUESTION 1 AND ANY OTHER 2 QUESTIONS
Q1 ISCOMPULSORY AND CARRIES 30MARKS WHILE OTHER 2 CARIIES 20MARKS EACH
PRESENT ALL YOUR POINTS IN COHERENT AND ORDERLY MANNER
1ai.define international trade
ii. identify and discuss four reasons for international
trade
b. draw up a comparism between international trade and
international business.
c. list and explain five problems of international trade
2ai. what does the Acronym GATT stand for ?
ii. Why was GATT created
b. List six benefits of the world trade organization
3. Examine critically any two of the following theories
of international trade.
a. The theory of absolute advantage
b. The rent for surplus theory
c. The theory of factor proportions
d. competitive advantage of nations
4a. enumerate three third world programme for the reform
of world trade organization
b. explain the concept of free exchange rate market
c.what did you understand by balance of trade ?
5a. what did you understand by merchandise trade account
b. briefly advance an argument in favour of protectionism
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you can also attend Online Classes,Online Colleges,online tutorials. to be well prepared for exam Goodluck.
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you can also attend Online Classes,Online Colleges,online tutorials. to be well prepared for exam Goodluck.
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