UEF DATHOG Kink TE TAI CHIR FACULTY OF ECONOMICS FINAL EXAMINATION 1B Academic Year: 2021-2022 Major/Class Subject : International Economics Credit: 03, Subject Code: ECO.1103A Date of Examinatios Duration: 60° Exam Mode Exam Code : ......104.. OPENED BOOK: YES Z “NO Oo” BM03a/QTOU/KT QUESTION 1. (4 Marks ) Explain the main ideas of new trade theory. Explain why The neo:mercantilsm is still alive in modem économy. Use the information in the table below to answer the following questions. Production per unit of labor: UK India Textile 20 300 Beef. 20 100 a) Does either country have an absolute advantage in the production o beef? Explain. (b) What is the opportunity cost of Beef in each-country? co! Analyze comparative advantage QUESTION 2. (3 Marks ) What are the arguments supporting Trade Protectionism? Give some case studies in recent years. KHOR ‘WEF xine TE Why the Non-tariff measure such as: health protection, food safety issues and other tools are on the rise in recent years? Give some examples. QUESTION 3. 3 Marks ) Why do nation trade ? Give some benefits of countries ? What are the main benefits of EV- FTA (EU-Vietnam Free Trade Agreement) for Vietnam? \ \ Proctors are NOT allowed to explain any further information.