VNSGU BA 2019 3rd Year 2987 Economics Question Paper

VNSGU (Veer Narmad South Gujarat University) BA (Bachelor of Arts) 2019 3rd Year 2987 Economics Previous Question Paper

*RAN-2987*
R A N - 2 9 8 7
RAN-2987
B.A. (Sem. V) Examination
March / April - 2019
Economics Paper 13 (Core Course) (New Course)
International Economics
k|Q"p : / Instructions
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Seat No.:
Fill up strictly the details of signs on your answer book
Name of the Examination:
B.A. (Sem. V)
Name of the Subject :
Economics Paper 13 (Core Course) (New Course)
Subject Code No.: 2
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RAN-2987 ]
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[ P.T.O. ]

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ENGLISH VERSION
Instruction:
(1) First questions is compulsory.
(2) Figures to the right indicate full marks of the questions.
1.
Answerthefollowingquestionsbriefly.
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(1) Give the meaning of interregional trade and international trade.
(2) What is favourable terms of trade?
(3) State the assumptions of Heckscher-Ohlin's theory of international trade.
(4) Give the meaning of free trade.
(5) What is optimum tariff?
2. (A) Explain the difference between interregional trade and international trade. 07

(B) Discuss the concept of offer curves given by Marshall-Edgeworth.
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OR
Critically discuss David Ricardo's theory of international trade.
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3.
What is protection policy? Discuss the favourable arguments of
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protection policy.
OR
Explain in detail the import tariff and import quota; discuss the
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comparative study between them.
4.
Writeshortnote.(Anytwo)


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(1) Factors affecting advantages of international trade
(2) Factors affecting terms of trade
(3) Limitations of Heckscher-Ohlin theory
(4) Infant industry and protection
RAN-2987 ]
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