Economics 9708: International Economic Issues Topical Past Paper Questions

The African Union (AU) consists of 55 countries of Africa, but only 18% of total trade of the AU is between countries in Africa. If the AU decides to co-operate on trade policy, what would make the greatest change to this situation? A establishing an economic union with common ma…

A country with fixed exchange rates faces a surplus on its current account. Which policy is most desirable to maintain the fixed exchange rate? A an increase in subsidies given to exporters B the imposition of trade barriers on the import of non-essential goods C the sale of fore…

What is most likely to result from foreign direct investment in a developing economy? A an improvement in the developing economy's trade balance B an increase in the developing economy's net investment income C a reduction in the developing economy's government tax revenue D a re…