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IGNOU MEC 007 Assignment 2023-24 Question Paper
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1. Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?
2) Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch
SECTION B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3) Explain multilateral framework of international trade. Explain its main features.
4) What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.
5) Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.
6) Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.
7) Critically examine the relative merits and demerits of the fixed and flexible exchange rates.
IGNOU MEC 007 Solved Assignment 2023-24 Pdf Download Facility
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