Get premium membership and access questions with answers, video lessons as well as revision papers.
-High prices of imports. Lower prices exports compared to
countries exports.
- Advice/fall in exchange rates / depreciation of local currency
which makes the imports expensive
- Appreciation of foreign currency which makes imports more
expensive
- Low / fall in demand for country’s exports more expensive
- Competition (from similar products of other countries in the
same market which leads to decrease hence lower export prices
- Devaluation of local currency thus making imports more
expensive making exports cheaper
Githiari answered the question on September 22, 2017 at 20:17
- Explain six problems being faced by the Kenya External Trade Authority (KETA)(Solved)
Explain six problems being faced by the Kenya External Trade Authority (KETA)
Date posted: September 22, 2017. Answers (1)
- Country X has obtained a surplus in its balance of payment. Explain the factors that could have contributed to this surplus.(Solved)
Country X has obtained a surplus in its balance of payment. Explain the factors that could have
contributed to this surplus
Date posted: September 22, 2017. Answers (1)
- Explain the significance of each of the following documents as used international trade. (i)Bill of lading (ii)proforma invoice (iii)indent (iv)letter of credit(Solved)
Explain the significance of each of the following documents as used international trade.
i)Bill of lading
ii)proforma invoice
iii)indent
iv)letter of credit
Date posted: September 22, 2017. Answers (1)
- Explain the meaning and significance in each of the following terms as used of the following terms as used in foreign trade. (i)Terms of trade, (ii)balance...(Solved)
Explain the meaning and significance in each of the following terms as used of the following
terms as used in foreign trade.
i)Terms of trade,
ii)balance of payment,
iiiexchange rate,
iv)balance of trade
v) common market.
Date posted: September 22, 2017. Answers (1)
- Outline five transactions which are recorded in balance of payment account of a country(Solved)
Outline five transactions which are recorded in balance of payment account of a country
Date posted: September 22, 2017. Answers (1)
- Country X has recorded a surplus balance of payments from its foreign trade. Outline four
ways in which the country can spend these surplus earnings(Solved)
Country X has recorded a surplus balance of payments from its foreign trade. Outline four
ways in which the country can spend these surplus earnings
Date posted: September 22, 2017. Answers (1)
- State three functions of departments of international trade in the ministry of commerce and industry(Solved)
State three functions of departments of international trade in the ministry of commerce and industry
Date posted: September 22, 2017. Answers (1)
- Explain the following terms as used in international trade (a) LOCO (b) F.O.R (c) F.A.S (d) Bill of Landing (e) Cost Insurance and Freight(Solved)
Explain the following terms as used in international trade
a. LOCO
b. F.O.R
c. F.A.S
d. Bill of Landing
e.Cost Insurance and Freight
Date posted: September 22, 2017. Answers (1)
- Outline four circumstances under which a proforma invoice may be used(Solved)
Outline four circumstances under which a proforma invoice may be used
Date posted: September 22, 2017. Answers (1)
- Highlights four problems a country by participating in international trade(Solved)
Highlights four problems a country by participating in international trade
Date posted: September 22, 2017. Answers (1)
- State the business document to which each of the following statements relates (a) Informs the buyer when goods were dispatched and by what means(Solved)
state the business document to which each of the following statements relates
A. Informs the buyer when goods were dispatched and by what means
B. A request by seller for payment in advance
C. Used to correct under undercharge in an invoice
D. Shows details of the transactions between seller and buyer during a
given period
Date posted: September 22, 2017. Answers (1)
- State four factors that may limit the success of trade agreements among African countries(Solved)
State four factors that may limit the success of trade agreements among African countries
Date posted: September 22, 2017. Answers (1)
- State four measures that Kenya may take to promote her exports(Solved)
State four measures that Kenya may take to promote her exports
Date posted: September 22, 2017. Answers (1)
- State four methods of controlling imports(Solved)
State four methods of controlling imports
Date posted: September 22, 2017. Answers (1)
- State four benefits that a country may derive from participating in international trade(Solved)
State four benefits that a country may derive from participating in international trade
Date posted: September 22, 2017. Answers (1)
- Give four reasons why it may be necessary for a country to control imports(Solved)
Give four reasons why it may be necessary for a country to control imports
Date posted: September 22, 2017. Answers (1)
- Outline four benefits that Kenya derives by being a member of Preferential Trade Area PTA(Solved)
Outline four benefits that Kenya derives by being a member of preferential Trade Area PTA
Date posted: September 22, 2017. Answers (1)
- Explain service offered to commercial banks by the central bank of Kenya(Solved)
Explain service offered to commercial banks by the central bank of Kenya
Date posted: September 22, 2017. Answers (1)
- Outline five reasons why banks current account is popular with traders(Solved)
Outline five reasons why banks current account is popular with traders
Date posted: September 22, 2017. Answers (1)
- Explain four ways in which the insurance industry promotes the growth of business enterprises(Solved)
Explain four ways in which the insurance industry promotes the growth of business enterprises.
Date posted: September 21, 2017. Answers (1)