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NPTEL International Trade Assignment 2 Answers 2022

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NPTEL International Trade Assignment 2 Answers 2022 – Here All The Questions and Answers Provided to Help All The Students and NPTEL Candidate as a Reference Purpose, It is Mandetory to Submit Your Weekly Assignment By Your Own Understand Level.

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NPTEL International Trade Assignment

ABOUT THE COURSE :

This course provides conceptual and theoretical framework with empirical evidences to understand recent developments in trade strategies and policy changes. Under the Pure Theory of Trade, the basis of trade, gains from trade, direction of specialization and its effects on factor of production are discussed. Various advanced theories on strategic trade and barriers are also incorporated. The discussions on Trade Policy introduce various aspects of protectionism with respect to tariff, quota, subsidies and some latest non-tariff measures (like SPSs and TBTs), trade blocs and regional trading arrangements. In short (a) to provide an analytical framework for understanding recent developments in trade issues (b) to explain country’s policy strategies to deal with the latest complexities in trade restrictions and facilitation to enhance trade.

Next Week Assignment Answers

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This course can have Associate in Nursing unproctored programming communication conjointly excluding the Proctored communication, please check announcement section for date and time. The programming communication can have a weightage of twenty fifth towards the ultimate score.

Final score = Assignment score + Unproctored programming exam score + Proctored Exam score
  • Assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
  • ( All assignments in a particular week will be counted towards final scoring – quizzes and programming assignments). 
  • Unproctored programming exam score = 25% of the average scores obtained as part of Unproctored programming exam – out of 100
  • Proctored Exam score =50% of the proctored certification exam score out of 100
YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF ASSIGNMENT SCORE >=10/25 AND
UNPROCTORED PROGRAMMING EXAM SCORE >=10/25 AND PROCTORED EXAM SCORE >= 20/50. 
If any one of the 3 criteria is not met, you will not be eligible for the certificate even if the Final score >= 40/100. 

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What are the extreme values of the Revealed Comparative Advantage index?
0, infinity
0, 1
-1, 1
minus infinity, plus infinity

ans -B

1 point
In which country, Mercantilism did prevail?
Spain
France
England
Holland
All of the above

ans -A,B

1 point
Mercantilism is associated with the rise of the “Nation state.”
true
false

ans – A

1 point
Which is not the proposition of Mercantilism?
Promotion of National wealth and power
Importance of trade surpluses
Encourage imports and discourage domestic production and exports
Trade surplus leads to a net gold inflow, and thereby to greater national wealth and power

ans – B

1 point
which are the classical trade theories?
Porter’s Model
Absolute Cost Advantage Model
Comparative Cost Advantage Model
Heckscher and Ohlin Model

ans – C

1 point
A Country is said to have a revealed comparative advantage if the value is
greater than -1, less than 0.5
greater than 0.5, less than 0
greater than 0, less than 1
greater than 1

ans – D

1 point
Which is not correct?
RCAij = (Xij/Xwj) / (Xi/Xw)
RSCAij = (RCAij – 1) / (RCAij + 1)
TBIij = (Xij – Mij) / (Xij + Mij)
RSCAij = (TBIij – 1) / (TBIij + 1)

ans – B

1 point
According to the theory of comparative advantage, which of the following is not a reason why countries trade?
Comparative advantage.
Costs are higher in one country than in another.
Exports give a country a political advantage over other countries that export less
The productivity of labor differs across countries and industries.

ans – C

1 point
If the terms of trade of a nation are 3.5 in a two-nation world, those of the trade partner are:
2/7
7/2
1/7
3/7

ans – D

1 point
If with one hour of labor time nation A can produce either 3X or 3Y while nation B can produce either 1X or 3Y (and labor is the only input):
nation A has a comparative advantage in commodity X
nation A has a comparative disadvantage in commodity X
nation B has a comparative disadvantage in commodity Y
nation A has a comparative advantage in neither commodity07:55 PM

ans – A

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