MEC-007 INTERNATIONAL TRADE AND FINANCE in English Solved Assignment 2022-2023


Tutor Marked Assignment (TMA)
Course Code: MEC-007
Assignment Code: MEC-007/AST/2022-23
Total Marks: 100

Title Name

MEC-007 Solved Assignment 2022-2023

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Language ENGLISH
Semester 2022-2023 Course: MA(ECONOMICS) MEC
Session For July 2022 and January 2023 Sessions
Short Name MEC-007
Assignment Code MEC-007/AST/2022-23
Product Assignment of MA(ECONOMICS) 2022-2023 (IGNOU)
Submission Date For July session, you need to submit the assignments by March 31, and for
January session by September 30 for being eligible to appear in the term end examination.Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission.



Note: Answer all the questions.
Answer the following questions in about 700 words each. Each question carries 20 marks.
1. Critically discuss the Ricardian theory of Comparative Advantage. How is it different from
Adam Smith’s theory of Absolute Advantage?
2. Explain the various concepts of terms of trade. Critically examine the behavior of terms of
trade as explained by Prebisch.
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Explain multilateral framework of international trade. Explain its main features.
4. What are the various forms of economic integration? How is trade diversion different from
trade creation? Elucidate.
5. Describe the evolution of international monetary system. Examine the trends in the international
monetary and financial systems.
6. Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.
7. Critically examine the relative merits and demerits of the fixed and flexible exchange rates.



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Read more: How to Make IGNOU Solved Assignment? 


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