Description
MEC-107 English Medium Solved Assignments 2025-26 Available
Section A
1) (a) Why is ‘free trade’ between two countries considered to be better than no trade? Explain with the help of a diagram.
(b) Using the Ricardian theory of international trade as a framework, illustrate how nations derive benefits from engaging in trade.
2) What factors prompted the development of intra-industry trade? Explain. How does this theory contribute to our understanding of international trade?
Section B
3) How would you apply technological gap model to explain the pattern of international trade? Explain.
4) Examine the impact of environmental standards and logistics cost on the location of the production and international trade.
5) What would be the effect of tariff on the volume of trade and terms of trade in the case of (i) a small country and (ii) a large country? Use a diagram to explain
6) How is capital account convertibility (CAC) different from current account convertibility? In the case of developing countries, what are some situations when capital account convertibility can have adverse effects?
7) List the different types of international financial markets. Explain the importance of international instruments and financial markets.
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