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    BINUS University: Undergraduate / Master / Doctoral ) International/Regular/Smart Program/Global Class )

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    roket terbang
    This document is an exam for the course BUSS 7017005/BUSS 7005 - International Trade from BINUS University. It contains 4 questions testing students on theories of international trade. Question 1 asks students to explain how changes in British imports fit with changing types of world trade goods. Question 2 asks students to use the gravity model to explain anomalies in French and UK trade patterns. Question 3 asks students to graph a production possibility frontier, calculate an opportunity cost, and determine a price in the absence of trade. Question 4 asks students to draw production possibility curves for individuals and determine who has an absolute advantage and higher opportunity cost in producing goods. The exam is verified by the lecturer Johanes Ronaldy Polla.

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    BINUS University: Undergraduate / Master / Doctoral ) International/Regular/Smart Program/Global Class )

    Uploaded by

    roket terbang
    71 views2 pages
    This document is an exam for the course BUSS 7017005/BUSS 7005 - International Trade from BINUS University. It contains 4 questions testing students on theories of international trade. Question 1 asks students to explain how changes in British imports fit with changing types of world trade goods. Question 2 asks students to use the gravity model to explain anomalies in French and UK trade patterns. Question 3 asks students to graph a production possibility frontier, calculate an opportunity cost, and determine a price in the absence of trade. Question 4 asks students to draw production possibility curves for individuals and determine who has an absolute advantage and higher opportunity cost in producing goods. The exam is verified by the lecturer Johanes Ronaldy Polla.

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    This document is an exam for the course BUSS 7017005/BUSS 7005 - International Trade from BINUS University. It contains 4 questions testing students on theories of international trade. Question 1 asks students to explain how changes in British imports fit with changing types of world trade goods. Question 2 asks students to use the gravity model to explain anomalies in French and UK trade patterns. Question 3 asks students to graph a production possibility frontier, calculate an opportunity cost, and determine a price in the absence of trade. Question 4 asks students to draw production possibility curves for individuals and determine who has an absolute advantage and higher opportunity cost in producing goods. The exam is verified by the lecturer Johanes Ronaldy Polla.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    71 views2 pages

    BINUS University: Undergraduate / Master / Doctoral ) International/Regular/Smart Program/Global Class )

    Uploaded by

    roket terbang
    This document is an exam for the course BUSS 7017005/BUSS 7005 - International Trade from BINUS University. It contains 4 questions testing students on theories of international trade. Question 1 asks students to explain how changes in British imports fit with changing types of world trade goods. Question 2 asks students to use the gravity model to explain anomalies in French and UK trade patterns. Question 3 asks students to graph a production possibility frontier, calculate an opportunity cost, and determine a price in the absence of trade. Question 4 asks students to draw production possibility curves for individuals and determine who has an absolute advantage and higher opportunity cost in producing goods. The exam is verified by the lecturer Johanes Ronaldy Polla.

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    FM-BINUS-AA-FPU-78/V2R0

    BINUS University

    Academic Career: Class Program:


    Undergraduate / Master / Doctoral *) International/Regular/Smart Program/Global
    Class*)

     Mid Exam  Final Exam Term : Odd/Even/Short *)


     Short Term Exam  Others Exam :
    _____________

     Kemanggisan  Alam Sutera  Bekasi Academic Year :


     Senayan  Bandung  Malang 2021 / 2022

    Faculty / Dept. : BBS UP / IBM Deadline Day/Date : Thursday / 25 Nov 2021


    Time : 17.00
    Code - Course : BUSS 7017005/BUSS 7005 - Class : LA24, LB24, LC24,
    International Trade LD24, LE24, LF24,
    LG24
    Lecturer : Team Exam Type : Online

    ) Strikethrough the unnecessary items
    The penalty for CHEATING is DROP OUT!!!

    QUESTION #1: LO 1 : Explain the principal and supporting theories in international


    trade

    A century ago, most British imports came from relatively distant locations: North
    America, Latin America and Asia. Today most British imports come from other
    European countries. How does this fit in with the changing types of goods that make
    up world trade? ( LO 1) (20%)

    QUESTION #2 : LO 1 : Explain the principal and supporting theories in international


    trade

    France and the United Kingdom have very similar trading patterns. Both trades
    considerably more with the United States than with the European Union (EU), even
    though they are EU members and are closer to the EU common market than the
    American market. Explain this anomaly using the gravity model!(LO 1) (20%)

    Verified by,

    [Johanes Ronaldy Polla] (D5008) and sent to Department/Program on 02 11, 2021


    Page 1 of 2
    FM-BINUS-AA-FPU-78/V2R0
    QUESTION #3 :
    LO 1 : Explain the principal and supporting theories in international trade
    LO 2 : Analyze theoretical models of international trade in analyzing real-world trade
    problems through qualitative and quantitative analysis
    LO 3 : Analyze theoretical models of international trade in implementing trade policies
    through qualitative and quantitative analysis

    Home has 2000 units of labor available. It can produce two goods, computers, and
    shoes. The unit labor requirement in computer production is 4, while in shoe
    production it is 5.
    a. Graph Home’s production possibility frontier! (10 points)
    b. What is the opportunity cost of toys in terms of shoes? (10 points)
    c. In the absence of trade, what would be the price of computers in terms of shoes?
    Why? (10 points)
    (LO 1, LO 2, LO 3) (30%)

    QUESTION #4:
    LO 1 : Explain the principal and supporting theories in international trade
    LO 2 : Analyze theoretical models of international trade in analyzing real-world trade
    problems through qualitative and quantitative analysis
    LO 3 : Analyze theoretical models of international trade in implementing trade policies
    through

    Suppose Upin and Ipin produce two products – Fried Chicken and Shirts. Upin
    produces 20 units of fried chicken or 8 shirts per day and Ipin produces 12 units of
    fried chicken or 4 shirts. Assuming they can devote time to making either Fried
    Chicken or Shirts:
    a. Draw the production possibility curve for each individual! (10 points)
    b. Who enjoys the absolute advantage of producing both Fried Chicken and Shirts?
    (10 points)
    c. Who has the higher opportunity cost of making shirts? (10 points)

    (LO 1, LO 2, LO 3) (30%)

    Verified by,

    [Johanes Ronaldy Polla] (D5008) and sent to Department/Program on 02 11, 2021


    Page 2 of 2

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