Question 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)
Labour
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𝑴𝑷𝑳 𝑪𝒐𝒖𝒏𝒕𝒓𝒚 𝑴
𝑴𝑷𝑳 𝑪𝒐𝒖𝒏𝒕𝒓𝒚𝒀
𝑴𝑷𝑳 𝑪𝒐𝒖𝒏𝒕𝒓𝒚𝑴
E
D
F
Wages
4
HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020
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. (7 Marks)
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 use figures. (11 Marks)
End
1
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𝑳𝑪𝑵𝒂𝒑𝒆𝒍
𝑳𝑪𝑺𝒘𝒊𝒕𝒛𝒆𝒓𝒍𝒂𝒏𝒅
Quantity
Price/cost
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𝑪𝑷𝑺𝒘𝒊𝒕𝒛𝒆𝒓𝒍𝒂𝒏𝒅𝑰𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝒙
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