Questions from General Economics

Q: If countries are so keen to reduce the barriers to trade,

If countries are so keen to reduce the barriers to trade, why do many countries frequently attempt to erect barriers?

Q: The following are the items in the UK’s 2014 balance of payments

The following are the items in the UK’s 2014 balance of payments: £ billions Exports of goods …………………………………………………………… 293.7 Imports of goods …………………………………………………………. 416.9 Exports of services ………………………...

Q: Assume that just some of the members of a common market like

Assume that just some of the members of a common market like the EU adopt full economic and monetary union, including a common currency. What are the advantages and disadvantages to those members join...

Q: What are the economic (as opposed to political) difficulties in

What are the economic (as opposed to political) difficulties in achieving an international harmonisation of economic policies so as to avoid damaging currency fluctuations?

Q: This question is concerned with the supply of oil for central heating

This question is concerned with the supply of oil for central heating. In each case consider whether there is a movement along the supply curve (and in which direction) or a shift in it (and whether l...

Q: To what extent can international negotiations over economic policy be seen as

To what extent can international negotiations over economic policy be seen as a game of strategy? Are there any parallels between the behaviour of countries and the behaviour of oligopolies?

Q: Who are the winners and losers from globalisation?

Who are the winners and losers from globalisation?

Q: Assume that there is a free-floating exchange rate. Will

Assume that there is a free-floating exchange rate. Will the following cause the exchange rate to appreciate or depreciate? In each case you should consider whether there is a shift in the demand or s...

Q: What is the relationship between the balance of payments and the rate

What is the relationship between the balance of payments and the rate of exchange?

Q: Consider the argument that in the modern world of large-scale

Consider the argument that in the modern world of large-scale short-term international financial movements, the ability of individual countries to affect their exchange rate is very limited.