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Sample of Download ECO445 Past Questions from National Open University

NATIONAL OPEN UNIVERSITY OF NIGERIA

FACULTY OF SOCIAL SCIENCES

DEPARTMENT OF ECONOMICS

2017_2 EXAMINATION JANUARY/FEBRUARY 2018

COURSE TITLE: INTERNATIONAL TRADE AND FINANCE

COURSE CODE: ECO 445 UNITS: 2

TIME ALLOWED: 2 HOURS

INSTRUCTION: ANSWER ANY THREE (3) QUESTIONS. ALL QUESTIONS CARRY EQUAL MARKS

QUESTION 1

(a) Clearly define the terms Internal and International Trade. 6 marks

(b) What are the Major Difference between Internal and International Trade? 6 marks

(c) Identify and discuss the merits and demerits of Internal International trade. 6 marks

(d)  What are the Benefits of International Trade to Developing Countries? 5 marks

QUESTION 2

A. What is the term dumping as an Economist? 7 marks

B. Identify and explain three type of dumping you know. 8 marks

C. There are some salient features of international trade that makes it different from other trade. What are these characteristics? 8 marks

QUESTION 3

• Enumerate and explain various tools of analysis in international trade and finance

12 marks

• International trade tends to bring about interdependence on a large scale. Discuss

11 marks

QUESTION 4

(a)      What are the Comparison of Tariffs and Non Tariffs in relation to international trade? 11 marks

(b)  Define the following terms in relation to international trade:

(i). Quotas, (ii). Embargoes, (iii). Sanctions, (iv). Voluntary Export Restraints,

(v) Standard Tariffs.  12 marks

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7 Tips to Prepare for ECO445 Exams

1. Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be in top priority and not as a hobby. Read far and wide to enhance your level of aptitude
2. Get Exams Preparation Materials: These involve textbooks, dictionaries, ECO445 Past Questions Pdf, mock questions, and others. These materials will enhance your mastering of the scope of the exams you are expecting.
3. Attend Extramural Classes: Register and attend extramural classes at your location. This class will not only help you refresh your memory but will boast your classroom understanding and discoveries of new knowledge.
4. Sleep when you feel like: When you are preparing for any exams, sleeping is very important because it helps in the consolidation of memory. Caution: Only sleep when you feel like it and don’t oversleep.
5. Make sure you are healthy: Sickness can cause excessive feelings of tiredness and fatigue and will not allow you to concentrate on reading. If you are feeling as if you are not well, report to your parent, a nurse or a doctor. Make sure you are well.
6. Eat when you feel like: During the exam preparation period, you are advised not to overeat, so as to avoid sleep. You need to eat little and light food whenever you feel like eating. Eat more of fruits, drink milk and glucose. This will help you to enhance retention. Dollar to Naira Rate
7. Reduce your time in social media: Some people live their entire life on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.

If you like these tips, consider sharing them with your friends and relatives. Do you have a question or comments? Put it on the comment form below. We will be pleased to hear from you and help you to score as high as possible.

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