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In the 19th Century Britain was trading with countries from distant locations such as North America, Latin America, Africa and Asia. Today, Britain mostly trades with European countries.

Unit Code: HI 5016

Unit Name: International Trade and Enterprise Assignment:

Tutorial Questions

Assessment Question Week 2Question 1:

World Trade Overview and Gravity Model In the 19th Century Britain was trading with countries from distant locations such as North America, Latin America, Africa and Asia. Today, Britain mostly trades with European countries. Examine the causes of the British changing trade pattern with reference to the Gravity Model. (7 Marks)

Assessment Question Week 4Question 2:

Resources and Trade: Heckscher-Ohlin (H-O) Model How does the Ricardian model differ from the H-O theory in explaining international trade patterns among nations. (7 Marks)

Assessment Question Week 6 Question 3:

Economies of Scale, Imperfect Competition and International Trade Trade need not be the result of comparative advantage but it can be a result of economies of scale. Discuss. (7 Marks) Assessment Question Week 7 Question 4: International Factor Movements Explain the effects of migration of labour between two nations. Use the figure below and the marginal product of labour concept to explain your answer. (11 Marks)

Assessment Question Week 7 Question 4:

International Factor Movements Explain the effects of migration of labour between two nations. Use the figure below and the marginal product of labour concept to explain your answer. (11 Marks)

Assessment Question Week 10 Question 5:

Trade Policy in Newly Industrialized/Developing Countries Infant Industry protection is a key solution for the growth of industrialization of developing countries. Discuss your answer by using the graph below and any other graph(s) that you can deem appropriate

Assessment Question Week11 Question 6:

Controversies in Trade Policy After the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in the next 2 years, large anti-globalization demonstrations rocked the International Monetary Fund and Work Bank in Washington. What was the anti-globalization movement goal- and was it right? Explain you answer and where appropriate


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