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International Trade In Agriculture Question Paper

International Trade In Agriculture

Course:Bachelor Of Science In Agriculture

Institution: Pwani University question papers

Exam Year:2011

UNIVERSITY EXAMINATIONS 2010/2011
ACADEMIC YEAR 4TH YEAR 2ND SEMESTER
EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE IN AGRICULTURE
. COURSE CODE/TITLE : ABT 411: INTERNATIONAL TRADE IN AGRICULTURE
END OF SEMESTER II DURATION:
INSTRUCTIONS
1. Answer FOUR questions. Question ONE is Compulsory
2. Marks indicated in brackets ( )
SECTION A Question One
a) Distinguish between the following:
(10marks)
i) Trade creation and trade diversion
ii) Import substitution and export promotion
iii) Direct investment and portfolio investment
iv) Hecksher- Ohlin theory and Paradoke of Wassily Leontief
v) Acquisition and takeovers
b) Discuss the importance of Kenya being a member of the economic integrations like AGOA, ACP, GSP and COMESA in developing of agricultural. (5marks)
c) Outline the advantages and disadvantages of free trade in developing agro-industries.
(10marks)
Page 2 of 2
SECTION B Question Two
i) Discuss the effects of MNC operations in the host country. (8marks)
ii) Evaluate the benefits of international commodities agreements to exporter of agricultural products in Kenya. (7marks)
Question Three
i) Explain the factors which influence the decision of investors to become an MNC.
(7marks)
ii) Identify the trade policy instruments used by Kenya to promote its agricultural sector internationally. (8marks)
Question Four
i) Discuss the key principles and the functions of world trade organization to all countries, which are members.` (10marks)
ii) Pinpoint the arguments against MNC. (5marks)
Question Five Discuss any illustrate the theory of comparative advantage in agricultural output and gains from trade with comparative advantage and the limitations of this theory. (15maks) Question Six
i) Address the difficulties to be encountered in international trade. (10marks)
ii) Which can be arguments for Kenya to impose protectionism policy. (5marks)

International Trade In Agriculture Question Paper

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