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FIFTH SEMESTER B.A/B.Sc. DEGREE EXAMINATION, NOVEMBER 2020
(CUCBCSS—UG) |
Economics
ECO 5B 10—INTERNATIONAL ECONOMICS
Time : Three Hours Maximum : 80 Marks
Answers may be written either in English or in Malayalam.
Section A

Answer all questions.
Each question carries 1 mark.

1. International trade refers to trade between :
(a) Two regions of the country. (b) Twocommodities produced in different countries.
(c) Two countries. (d) None of the above.

2. The trade theory that states that nations should accumulate wealth, usually in the form of gold,
by encouraging exports and discouraging imports is called :

(a) Keynisianism. (b) Individualism.
(c) Socialism (d) Mercantilism.
3. Classical theory of international trade takes into account :
(a) Cost of all factors. (b) _Cost of labour alone.
(c) Cost of capital alone. (d) Cost of capital and labour.
4. Balance of trade includes :
(a) Goods accounts only. (b) Service accounts only.
(€) Goods and service accounts only. (d) Unilateral transfer accounts.

5. ———_————— is the deliberate downward adjustment in the official exchange rate, which reduces

the currency’s value.
(a) Devaluation. (b) Revaluation.
(c) Appreciation. (d) Depreciation.

Turn over