👑International Trade   Essays

Discuss whether or not a reduction in a country’s trade protection will reduce its current account surplus. In assessing each answer, use the table opposite. Why it might:

Analyse the consequences of an appreciating currency on the current account of the balance of payments of a country.

Explain the disadvantages of a decrease in a country’s export revenue.

Discuss whether or not increased international trade can promote economic growth.

Discuss whether multinational companies (MNCs) will always locate in countries with a high GDP per head.

Explain the advantages of countries specialising.

Discuss whether or not developing countries benefit from producing mainly primary products.

Discuss whether or not an increase in investment would reduce a deficit on the current account of the balance of payments.

Discuss whether or not opening up to free trade benefits an economy.

Analyse the causes of an increase in a country’s exchange rate.

Explain the factors that could cause an increase in foreign tourists to a country.

Analyse the consequences of a depreciating foreign exchange rate.