MEC 007 INTERNATIONAL TRADE AND FINANCE Solved Assignment 2024-25
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Section-A
Answer the following questions in about 700 words each. Each question carries
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
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
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MEC 007 Solved Assignment 2024-25
MEC 007 Handwritten 2024-25
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IGNOU Instructions for the MEG Assignments
MEC 007 INTERNATIONAL TRADE AND FINANCE Solved Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.
- Read the detailed instructions about the assignment given in the Handbook and Programme Guide.
- Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).
- Use only foolscap size paper for your response and tag all the pages carefully
- Write the relevant question number with each answer.
- You should write in your own handwriting.