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Economics Grade 11 Unit 5: TRADE AND FINANCE INTRODUCTION

national exam questions have come from this unit. It runs 31 pages; one careful study pass takes about 2.5 hours, and its difficulty is moderate among Economics units. Each section below lists the questions set from it, with the year, and opens the page that teaches it.

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5.1 Overview of Domestic Trade · read p. 114
Not asked in a national paper yet.
5.2 Basis of International Trade · read p. 117
Not asked in a national paper yet.
5.3 Basic Theories of International Trade · read p. 118
Not asked in a national paper yet.
5.3.1 The Mercantilists’ View on Trade · read p. 118
  • 2018 E.C., Q68 – Which one of the following is correct about the Mercantilists' view on trade?
5.3.2 The Classical Trade Theories · read p. 120
  • 2018 E.C., Q10 – Which one of the following best describes the ability of one country to produce one of the two goods at the lower cost relative to its trading partner?
  • 2011 E.C., Q13 – Which one of the following is a factor that causes international trade to take place between two or more countries?
5.4 Balance of Payment Components · read p. 128
Not asked in a national paper yet.
5.4.1 The Current Account (CA) · read p. 129
Not asked in a national paper yet.
5.4.2 The Capital Account (KA) · read p. 130
  • 2016 E.C., Q70 – In which of the following is the market values of country's exports and imports of goods and services are shown?
  • 2011 E.C., Q10 – Which one of the following is true about the current account balance in international trade?
  • 2011 E.C., Q12 – A country imports more goods than it exports. This shows that:
  • 2011 E.C., Q11 – Which one of the following is not included in current account of balance of payments?
5.5 Trade Policies and Strategies · read p. 132
Not asked in a national paper yet.
5.6 Exchange Rate Determinations · read p. 134
Not asked in a national paper yet.
5.6.1 Nominal and Real Exchange Rate · read p. 134
Not asked in a national paper yet.
5.6.2 Fixed Exchange Rate Systems · read p. 136
Not asked in a national paper yet.
5.6.3 Floating Exchange Rate Systems · read p. 137
Not asked in a national paper yet.
5.7 Regional Integration and Globalization Practices in the Ethiopian Context · read p. 137
Not asked in a national paper yet.
5.7.1 Advantages and Disadvantages of Economic Integration · read p. 138
Not asked in a national paper yet.
5.7.2 Globalization Practices in Ethiopian Context · read p. 140
Not asked in a national paper yet.