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FIFTH SEMESTER B.A. DEGREE EXAMINATION, NOVEMBER 2018
(CUCBCSS—UG)
Economics
ECO 5B 10—INTERNATIONAL ECONOMICS
‘Time : Three Hours Maximum : 80 Marks
Answers may be written either in English or in Malayalam.
Part A (Objective Type)

Answer all questions.
Each question carries ¥2 mark.

1. The theory of comparative advantage was first introduced by :

(a) David Ricardo. (0) J.S. Mill.
(c) Adam Smith. (d) Hrischman.
2. —————— is the automatic upward adjustment in the official exchange rate, which increase the
value of currency. * ¬
(a) Appreciation. (b) Depreciation.
(c) Devaluation. (d) Revaluation.
3. Asystematic record of a country’s receipts and payments in international transactions in a given
year is called :
(a) Balance of Trade. (b) Terms of Trade.
(c) Exchange Rate. (d) Balance of Payments.

4. Purchasing Power Parity theory is associated with the determination of :
(a) Money value. (b) Exchange rate.
(c) Tariffs. (d) Balance of Trade.

5. NAFTA is an example of :
(a) Common market. (b) Customs union.

(c) Free trade agreement. (d) Economic community.

Turn over