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Ilovepdf - Merged 2
Ilovepdf - Merged 2
Ilovepdf - Merged 2
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MID-TERM EXAMINATION
ARAHAN: Jawab semua soalan yang disediakan.
INSTRUCTIONS:
1. This question paper consists of section 1 (one) Part: A (20 Marks)
2. Answer ALL questions.
3. The marks allocated for each question and sub-part of a question is shown in brackets.
4. Please send back the answers on or before SUNDAY, 26 NOVEMBER 2023 before 11.55
PM through LMS. *Note: Please send using *.pdf format file only.
THIS QUESTION PAPER CONSISTS OF ONE (1) PRINTED PAGE WITH TOTAL OF 20 MARKS.
THIS QUESTION PAPER CONSISTS OF ONE (1) PRINTED PAGE WITH TOTAL OF 20 MARKS.
ANSWER ALL QUESTIONS IN THE ANSWER BOOKLET AND PAPER(S) PROVIDED.
QUESTION 1
Regional trade agreements are changing the landscape of the global marketplace. Groups of
countries are cooperating to dismantle barriers that threaten potential gains by focusing regional
efforts to encourage freer trade and investment. The process whereby countries in a geographic
region cooperate to reduce or eliminate barriers to the international flow of products, people or
capital is known as regional economic integration (or regionalism).
a) Economic integration can take place on various levels, depending on its intensity. Discuss the
FIVE (5) levels of integration commonly practiced by countries in strengthening their economic
positions.
(5 marks)
b) Explain the world’s main regional trading blocs that you have learned.
(5 marks)
QUESTION 2
Exchange rates influence demand for a company’s products in the global marketplace. A country
with a currency that is weak (value low relative to other currency) will see a decline in the price if its
exports and an increase in the price of its imports. Lowe prices for the country’s exports on the world
markets can give companies the opportunity to take market share away from companies whose
products are priced high in comparison. Exchange rates also can affect the amount of profit a
company earns from its international subsidiaries.
END OF PAPER