MA Economics Part II Sem III 2022 2023 Aug 2023 ECONOMICE INTERNATIONAL TRADE THEOARY & POLICY Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 All questions are compulsory
2. Q2 Figures to the right indicate full marks
3. Q1 Answer ANY ONE of the following 10 marks
   • A] Elaborate the Product Cycle Theory
   • B] Discuss Leontief paradox in detail
4. Q2 Answer ANY ONE of the following 10 marks
   • A] Explain Krugman’s Intra-industry trade Model
   • B] Discuss Iceberg Model
5. Q3 Answer ANY ONE of the following 10 marks
   • A] Explain Metzler’s paradox
   • B] Define quota and discuss effects of quota Answer ANY ONE of the following 10
   • A] Discuss Regionalism and multilateralism in context of WTO
   • B] Write an overview on NAFTA achievements
6. Q5 Write brief notes on the following 20 marks
   • A] Terms of Trade
   • B] Favley model
   • C] Gain from trade
7. Q5 Choose the correct answer and rewrite the statement 1 Adam Smith assumes full division of 20 marks
   • A) labour B) capital
   • C) machine D) plant 2 Graham criticizes Mills theory, that it only consider side
   • A) supply B) demand
   • C) cost D) labour 3 Commodity X is Labour intensive if in its production
   • A) X requires better technology than Capital/Labour (K/L) ratio is less
   • C) Cost ratio of K and greater Y requires better technology that 4 Leontief used input - output table of 5 PPC is downward sloping straight line means opportunity cost is
   • A) constant B) negative
   • C) positive D) no relation 6 Technological gap model propounded by
   • A) Posner B) Vernon
   • C) Lancaster D) Spiller 7 L=a+bQ equation is used in for output-cost relation g trade is dominant between similar level of economic 9 model is indeterminant in determining which varities will be produced by trading countries
   • C) Krugman D) Ricardo 10 The situation in which dumping leads to two-way trade in the same product is known as ll The type of industry structure that has few firms, each producing a differentiated or homogeneous product is 12 is a type of tariff barrier Redistribution effect is called as 14 propounded the formula to measure rate of optimum tariff
   • A) minimizes B) maintains
   • C) reduces D) maximizes 16 India is in ASEAN Which of the following country is observer country in SAARC?
   • A) Japan B) Nepal 18 When economic union involves unification of currencies it
   • A) Economic and monetary union B) Trade Union Under WTO TRIPs covers 20 To preserve NAFTA new trade accord was signed on September 2018 is
   • H] (Product Cycle)
8. Q8 Fed
   • S) Set

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