ECONOMICS-2015: Daily Answer Writing Challenge – 26
- How do the small trading nations share the gains from trade which occur as a consequence of gains from exchange and gains from specialisation ? (2011 – 20 marks)
- If all assumptions hold true, how does trade between nations tend to bring about equalisation of factor prices ? (2011 – 20 marks)
- How does portfolio balance approach differ from monetary approach in determining the exchange rate ? (2011 – 20 marks)
