C 30479 (Pages : 3) അംധാ

നമ്മ

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FIFTH SEMESTER B.A. DEGREE EXAMINATION, NOVEMBER 2017
(CUCBCSS—UG)
Economics
ECO 5B 10—INTERNATIONAL ECONOMICS
Three Hours Maximum : 80 Marks

Answers may be written either in English or in Malayalam.
Part A

Answer all questions.
Each question carries ¥2 marks.

. Adam Smith argued in favour of :

(a) Free trade. (b) Protection.
(c) Govt. intervention. (d) Self sufficiency.
. The main reason for international trade is :
(a) Technological advancement. (b) Tradition.
(c) Political needs. (d) Geographical specialization.
. The first empirical test of Heckscher-Ohlin theory was conducted by :
(a) D. Young (b) Richard A Caves.
(c) J.S. Champan (d) Leontief.
. To promote a favourable trade balance, Mercantilists advocated :
(a) Closed economy. (b) Laissez faire economy.
(c) Market economy. (d) Govt. regulation of trade.
. The tariff imposed as a fixed percentage of the value of the commodity imported are called :
(a) Specific tariff. (b) Compound tariff.
(c) Ad-valorem tariff. (d) Nominal tariff.
. ASEAN was formed in :
(a) 1989. (b) 1967.
(c) 1957. (d) 1979.

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