IGNOU MEC 007 Solved Assignment English Medium 2022-23

Free MEC 007 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session, All IGNOU Assignments (Programme Wise) · Master's Degree Programmes · Bachelor's Degree Programmmes · P.G. Diplomaa Programmes · Diploma Programmes · Certificate Programmes. IGNOU Assignment 2022-23 (UPDATED) Get Here. IGNOU Assignment Status 2022-23, Marks, Grade Card, Practical Submission

M.E.C – 007

INTERNATIONAL TRADE AND FINANCE MEC 007 Solved Assignment 2022-23

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Assignment I

Answer the following questions in about 700 words each.

1. Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?

2. Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch.

Assignment - II

Answer the following questions in about 400 words each.

3. Explain multilateral framework of international trade. Explain its main features.

4. What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.

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5. Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.

6. Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.

7. Critically examine the relative merits and demerits of the fixed and flexible exchange rates.

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