Exam (elaborations)
Exam (elaborations) ECS3702 MAY/JUNE 2023 ANSWERS, ASSIGNTs AND NOTES (ECS3702)
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- University Of South Africa (Unisa)
Exam (elaborations) ECS3702 MAY/JUNE 2023 ANSWERS, ASSIGNTs AND NOTES (ECS3702)
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UNIVERSITY EXAMINATIONSMay/June 2023
ECS3702
INTERNATIONAL TRADE
100 Marks
Duration: 3 Hours
First Examiner: Dr K Amusa
Second Examiner: Dr N Vacu
External Examiner: Prof T Greyling
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 17 pages, including this cover page and the invigilator app page.
CONFIDENTIAL
Instructions:
Submit your answers as a single document in PDF format. After completion of the exam paper,
submit your answers in one single PDF document using the eAssessment tool on myExams portal.
(https://myexams.unisa.ac.za/portal).
You are required to use the invigilator app for this exam. Instructions are on page 2
It is preferable for you to type your answers (Font: Arial 12) and then convert your document to PDF
format for submission. However, if this is not possible, you may also write your answers down and
scan them into a PDF file format. Please write legibly.
Start with a cover page stating the module code (ECS3702) and your student number. This should
be followed by your answers to the questions. Note that all four questions are compulsory. There
are no elective questions.
Make sure that each question or sub question is clearly numbered.
Do NOT reproduce diagrams from the textbook. No marks will be awarded in this case.
While you are not required to cite your sources, this does not mean that you can simply copy
information from a source. You need to answer the questions in your own words. Plagiarism will
not be tolerated and may result in disciplinary action if detected.
Ensure that you type “I agree” for the declaration of honesty before you submit your answer script.
Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is NOT
password protected as such files cannot be marked. Virus infected files will also not be marked.
Emailed scripts will not be marked.
, Page 2 of 17 ECS3702
CONFIDENTIAL May/June2023
ECS3702
Date: 8 June 2023
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
Ensure you are connected to the internet in order to log into the Invigilator App and YOUR EXAM QR CODE & EXAM
scan this QR code. ACCESS CODE
If you encounter difficulty in scanning the QR code, you can alternatively enter the
Exam Access Code below the QR code to start the invigilation.
Unless otherwise specified by your institution, note that you can only scan this QR code
once. If your assessment has multiple online sections, tests or attempts, you should
NOT finish the invigilation until your entire assessment has been completed.
Only scan the QR code when the assessment formally commences.
The QR code is only scannable for a limited time and it should therefore be
scanned as soon as possible to start the invigilation.
Exam Access Code: 66e877f9
Once the QR code is scanned, ensure your media volume Is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when
you are required to action a request, which you should then perform.
We recommend that you keep your smartphone on charge for the duration of the assessment.
If you only have one device you may access your assessment in the application by pressing the ‘Access Exam’ button in the top right
corner of your app.
Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed to minimise or
leave the app.
Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the assessment. No internet
connection is required during the assessment.
You have to adhere to the assessment time limit communicated to you by your institution as the time displayed in the Invigilator
App could differ from the time allocated to complete your assessment.
You can click the "Finish Assessment" button in the app if you finish your assessment early.
If you are performing a written or Scan-and-Upload assessment:
The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the assessment. Unless
otherwise specified by your institution, this does NOT replace the normal upload of your script to your institutions online
portal
After completing invigilation and following all app instructions, you must upload your Invigilation App data. If however there is a delay in
the upload of the app data at the end of the assessment, you should prioritise the upload of your script to your university portal and you
can temporarily minimise the app to do so. Uploading of app data is not time sensitive and you can come back and do it after you have
successfully uploaded your script to the exam portal.
Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on 073 505 8273.
Open Rubric
, Page 3 of 17 ECS3702
CONFIDENTIAL May/June2023
QUESTION 1 [25 marks]
Use the hypothetical information in the table below to answer the questions that follow.
Output per hour Lesotho South Africa
Shoes (ton/hr) 3 7
Blankets (ton/hr) 8 4
(i) In which commodities do Lesotho and South Africa have an absolute advantage and
disadvantage? Explain. [4 Marks]
(ii) From your answer in (i) above, explain whether trade is possible and the pattern of trade
according to the theory of absolute advantage. [3 marks]
(iii) Compute and indicate the commodity of each nation’s comparative advantage and
disadvantage. No marks will be awarded if you do not show your workings.
[6 marks]
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