International Economics-International Trade, Terms of Trade, Policy, International Trade and Economic Development [IEcoS (Economic Services) Economics Paper-2]: Questions 1 - 6 of 6

Choose Programs:

📹 Video Course 2024 (36 Lectures [17 hrs : 39 mins]): Offline Support

Rs. 110.00 -OR-

1 Month Validity (Multiple Devices)

Preview All LecturesDetails

🎓 Study Material (112 Notes): 2024-2025 Syllabus

Rs. 200.00 -OR-

3 Year Validity (Multiple Devices)

Topic-wise Notes & SampleDetails

🎯 256 Questions (& PYQs) with Full Explanations (2024-2025 Exam)

Rs. 700.00 -OR-

3 Year Validity (Multiple Devices)

CoverageDetailsSample Explanation

Help me Choose & Register (Watch Video) Already Subscribed?

Question 1

Appeared in Year: 2010

Describe in Detail Subjective▾

Meaning of Exchange Rate Risk.

Edit

Explanation

Exchange rate risk, also known as currency risk, is the financial risk arising from fluctuations in the value of a base currency against a foreign currency in which a company or individual has assets or liabilities.

  • Exchange rate risk may also refers to risk which an investor faces when they need to shut down a long or short position in a foreign cu…

… (13 more words) …

Question 2

Appeared in Year: 2010

Describe in Detail Subjective▾

Explain Net Barter Terms of Trade. What are the limitations of this theory?

Edit

Explanation

  • The concept of net barter terms of trade was introduced by F. W. Taussig. This concept was called as commodity terms of trade by Jacob Viner.

    It is defined as ratio of export prices to import prices. It can be expressed as:

    • Here = commodity terms of trade or ne…

… (293 more words) …

Question 3

Appeared in Year: 2010

Describe in Detail Subjective▾

What is Reciprocal Demand? Critically evaluate the reciprocal demand theory?

Edit

Explanation

By reciprocal demand, Mill meant the quantities of exports that a country would offer at different terms of trade, in return of varying quantities of imports. In other words, reciprocal demand refers to the intensity of demand for the product of one country in the other country.

  • Assumptions: (i) The trade takes place between two countries, A and B.
  • T…

… (623 more words) …

Question 4

Appeared in Year: 2015

Describe in Detail Subjective▾

Examine the effect of international trade on the difference in the factor prices ‘between nations’ , and the effect of international trade on the relative factor prices and income ‘within’ each nation.

Edit

Explanation

  • According to this theory, countries which are rich in labor will export labor intensive goods and those rich in capital will export capital intensive goods.
  • Assumptions of the model:
    • It considers a two-commodity, two-country and two factors case. It takes into account labor and capital. It is possible to extend this to multi-commodity and multi-facto…

… (682 more words, 34 figures) …

Question 5

Appeared in Year: 2019

Describe in Detail Subjective▾

What are the effects of rules of origin on international trade?

Edit

Explanation

  • In international trade, the rules of origin are the criteria used by national governments and international trade agreements and treaties to determine the national origin of product or good.
  • The Rules of origin are important because many trade rules, regulations, and laws, provide differential to goods and products based on where they originate from…

… (155 more words, 1 figure) …

Question 6

Appeared in Year: 2023

Describe in Detail Subjective▾

Explain how international trade affects the sustainable development adversely?

Edit

Explanation

  • International trade means trade between domestic country and rest of world.
  • Sustainable development means development that meets needs of present generation without compromising the ability of future generation to meet there needs.
  • To meet out the objective of sustainable development, the United Nations have come up with 17 SDG goals, out of which 9 …

… (373 more words) …