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ECS3702 ASSESSMENT 1 SEMESTER 1 2024 International Trade - ECS3702
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ECS3702 ASSESSMENT 1 SEMESTER 1 2024
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4/4/24, 5:46 PM Assessment 1 (page 1 of 6)ECS3702-24-S1 Welcome Message Assessment 1
QUIZ
Question 1
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Use the figure on the output and effects of international capital flow between Eswatini and Lesotho below to answer the
question that follows:
Of the total product due to domestic investment before the transfer of international capital, the amount that goes to the
owners of land and labour in Lesotho is given by area
a. FCM
b. KLS
c. 0*CMU
d. 0*FMU
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16902726&cmid=867790 1/7
,4/4/24, 5:46 PM Assessment 1 (page 1 of 6)
Question 2
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Use the figure below to answer the question that follows:
Which of the following is correct?
a. Point A and point C provides an equal satisfaction for Country B.
b. Point D and point C provides a different satisfaction for Country A.
c. Point A and point B provides a different satisfaction for Country B.
d. Point A and point B provides an equal satisfaction for Country A.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16902726&cmid=867790 2/7
,4/4/24, 5:46 PM Assessment 1 (page 1 of 6)
Question 3
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Use the figure on the effects of a customs union between South Africa and Nigeria below to answer the question that follows:
South Africa’s total welfare gains from trade creation custom union is given by area
a. bhn and aGEf
b. zmj and bhn
c. zmj and akjn
d. aGEf
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16902726&cmid=867790 3/7
, 4/4/24, 5:46 PM Assessment 1 (page 1 of 6)
Question 4
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Which of the following is correct?
a. A small country cannot improve its terms of trade by means of a tariff.
b. The optimum tariff of a large country cannot be greater than zero.
c.
A tariff increases the consumers surplus.
d. A tariff benefits the only the government at the expense of consumers.
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Question 5
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Which of the following is not a problem caused with multinational corporations (MNCs) in the host countries?
a. Transfer of technology.
b. Dominate economies of host countries.
c.
Exploitation of natural resources.
d.
Utilisation of highly capital-intensive production methods.
Clear my choice
Question 6
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Which one of the following is an example of a specific tariff?
a. South Africa impose a 15% duty on the R200 per unit of laptop exported out of the country.
b. South Africa imposes a tariff of R200 on the total units of laptops imported into the country.
c. South Africa imposes a 15% duty per unit of laptop imported into the country.
d. South Africa imposes a tariff of R200 per unit of laptop imported into the country.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16902726&cmid=867790 4/7
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