Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
76 views1 page

Extract 1 Potential Questions

The document outlines potential exam questions for an Economics course covering topics like international trade, globalization, economic growth and development. It provides sample questions at various point values that could be asked to test understanding of key concepts from five content areas, including: [1] distinguishing between trade-related concepts and analyzing trade patterns; [2] assessing exchange rates and policies to correct trade deficits; [3] defining growth and development and analyzing related indicators; [4] discussing the economic significance of migration and remittances; and [5] evaluating challenges, policies and factors affecting long-term growth in Zambia.

Uploaded by

Ravi Nandha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
76 views1 page

Extract 1 Potential Questions

The document outlines potential exam questions for an Economics course covering topics like international trade, globalization, economic growth and development. It provides sample questions at various point values that could be asked to test understanding of key concepts from five content areas, including: [1] distinguishing between trade-related concepts and analyzing trade patterns; [2] assessing exchange rates and policies to correct trade deficits; [3] defining growth and development and analyzing related indicators; [4] discussing the economic significance of migration and remittances; and [5] evaluating challenges, policies and factors affecting long-term growth in Zambia.

Uploaded by

Ravi Nandha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Economics F585 potential questions

Extract 1 potential questions

1a) (4 marks)
 Distinguish between absolute and comparative advantage
 Distinguish between specialisation and the division of labour
 Explain the factors promoting globalisation

1b) (6 marks)
 Figure 1.1 shows trade as a percentage of GDP for four selected economies. Explain two reasons why
the trade-to-GDP ratio might vary so much between countries
 With reference to figure 1.1, analyse the effects of international trade
 Analyse how globalisation leads to increased economic efficiency

Extract 2 potential questions

1c) (10 marks)


 Comment on the extent to which a change in the effective exchange rate index of the US$ as shown
in figure 2.2 would have contributed to the change in the USA’s current account deficit
 Comment on two policies that might be used to correct a deficit on the current account of the
balance of payments

Extract 3 potential questions

2a) (4 marks)
 Distinguish between growth and development
 Explain the relationship between growth and development
 With reference to figure 3.1, explain the limitations of HDI as a measure of development
 Describe what is meant by resource nationalisation

2b) (6 marks)
 Analyse the significance of the changes in Zambia’s terms of trade for its economic development

Extract 4 potential questions

2c) (10 marks)


 Analyse the significance of the changes in Zambia’s terms of trade for its economic development
(highly unlikely for a 10 marker)
 Comment on the importance of remittances relative to other international financial flows in reducing
poverty and increasing Zambia’s economic growth and development
 Comment on the importance of the loss of skilled migrant workers to countries such as Granada and
Ghana
 Comment on the likely economic benefits for developed counties of high levels of inward labour
migration
 Discuss the view that remittances can be an important source of growth and development for poorer
countries

Extract 5 potential questions

3) (20 marks)
 Discuss the challenges to Zambia’s long run economic growth potential
 Discuss how effective the Zambian government has been in order to promote long run economic
growth
 Discuss the view that an increase in savings and investment in Zambia is likely to be the most effective
policy in sustaining economic growth

You might also like