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International Trade Question Paper

International Trade

Course:Bachelor Of Science In Agribusiness Management

Institution: Kenyatta University question papers

Exam Year:2010

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2010/2011
INSTITUTIONAL BASED PROGRAMME (IBP) AUGUST SESSION
EXAMINATION FOR THE DEGREE OF MASTER OF SCIENCE IN AGRIBUSINESS
MANAGEMENT AND TRADE
KBT 511: INTERNATIONAL TRADE
DATE: Wednesday, 29th December, 2010 TIME: 9.00 a.m. – 12.00 p.m.
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INSTRUCTIONS:
SECTION A:
Answer question ONE and THREE others.
1.
a. Discuss the concept “commercial policy” (5 marks)
b. Expound on the five stages countries have to undergo towards integration.(5 marks)
c. Explain why the current WTO negotiations have not been concluded.(5 marks)
d. Discuss the tools used by countries to restrict international trade.(5 marks)
e. By taking one product produced in Kenya, explain why the country continues to produce it or should stop producing it. (5 marks)

2. Discuss the connection between trade and specialization. (15 marks)

3. „Developing countries can still achieve high living standards even without factor endowment (minerals etc). Discuss. (15 marks)

4. Explain „population growth? as a theme in the classical theory of economic
growth. (15 marks)

5. Discuss why countries are better off economically if they engage in free trade rather than protectionism. (15 marks)

6. Expound on the importance of regional integration. (15 marks)