NPTEL International Trade Assignment 5 Answers 2022

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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

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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which is the advantage of partial equilibrium modelling in trade?
This requires entire data
This has analysis at a fairly disaggregated level
This does not resolve a number of “aggregation biases”
All of the above

Ans – B
1 point
The offer curve of a nation shows the nation’s demand for imports and supply of exports
true
false

Ans – A
1 point
If the country’s export prices increase by 10 percent and import prices increase by 5 percent, then the index of terms of trade change from 100 to
95
99.9
102
104

Ans – C
1 point
The offer curve of a nation tilted toward the axis measuring the nations
export commodity
import commodity
both export and import commodity
none of the above

Ans – D
1 point
Gerald M. Meier has defined the terms of trade in terms of ratio of exchange between commodities as:
net barter terms of trade
terms of trade of factor prices
income terms of trade
all of the above

Ans – C
1 point
Which of the following statements regarding partial equilibrium analysis is true?
It relies on traditional demand and supply curves
it isolates the study of one market
it can be used to determine the equilibrium relative commodity price and the equilibrium quantity with trade
All of the above

Ans – B
1 point
which captures the productive efficiency in the measurement of terms of trade?
Single Factoral Terms of trade
Double Factoral Terms of trade
Net Barter Terms of trade
Income Terms of trade

Ans – C
1 point
The general equilibrium price and quantity for a commodity traded between two nations occurs where
the slopes of the two offer curves is equal to zero
the slopes of the two offer curves are the same.
the price ratio of good X for good Y is equals one.
the two offer curves intersect

Ans – A
1 point
If the nation’s tastes for its import commodity decreases:
the partner’s terms of trade improves
the nation’s terms of trade remain unchanged
the nation’s terms of trade improves
Any of the above

Ans – A
1 point
Imposition of tariff by country A on commodity Y (Commodity Y in vertical axis) and country A is a small country. The offer curve of country A:
Shifts backward
Shifts forward
doesn’t change
Any possibilities

Ans – D

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NPTEL International Trade Assignment 5 Answers 2022

NPTEL International Trade Assignment

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