MANILA BUSINESS COLLEGE

1671, MBC Bldg. Alvarez St., Sta. Cruz, Manila

INTERNATIONAL TRADE
LONG EXAM

Name:___________________________________ Date: _______________

Course/ Sec./ Subject:_______________________ Score:_______________

Instructions:
1. Examination is composed of 6 questions, multiple choice.
3. A separate answer sheet will be provided. ALL FINAL ANSWERS MUST BE REFLECTED ON THE ANSWER SHEET GIVEN.
2. Shade COMPLETELY the bubble/ circle that correspond to the correct answer.
3. Use only a BLACK BALLPEN.
4. STRICTLY NO ERASURES.

I. Identify whether the following are under Mercantilism (M), Absolute Advantage (AA), Comparative Advantage (CA), or
Heckscher- Ohlin Theory (HO)
1. Opportunity Cost 6.Factor Intensity
2. Gold and Silver 7. Trade product of Specialization
3. Adam Smith 8. Capital and Labor
4. David Ricardo 9. Maximize Exports
5. Output oer unit of Input 10. Trade products with lesser inout requirements
II. Enumeration
11-15 – Benefits of International Trade
16-20 – Assumption of Hecksher- Ohlin Theory
21-25 – Risk of International Trade

III. Multiple Choice

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