World economy. Test.

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Verification work on discipline "World Economy"

Question 1. Explain the difference between the theories of absolute and comparative advantage in international trade as an example of trade between Germany and Russia, if Russia exports oil and weapons, and Germany - machinery and automobiles. For some couples export-import goods can be traced action theory of absolute advantages, and for some - comparative advantage.

Question 2. What is the theory best explains the following situation: England exports to the German computers, and Germany to England automobiles. Give a detailed answer.

Question 3. You are the advisor of the government of the country, the main revenue which bring the agricultural sector of the economy. Government to support agriculture decides to impose additional duties on imported products of the industry. It selects from two options, either to increase tariffs on imported milk by 15% or increase of 25% duty on cheese and introduce a tariff quota for this product. Which option do you recommend to the Government in terms of stimulating the development of national agriculture.

Question 4. The forecast for the global economy in 2015 is reduced to the following events:
• Reduction in oil prices to $ 65. Per barrel;
• The superiority of the United States to Western Europe in latitude and risk of entrepreneurial activity;
• Increased demand for gold due to distrust of the dollar as the main reserve currency in connection with the introduction of the euro;
• An increase in the rate of economic growth in Europe in connection with the transition to a single currency and EU enlargement;
• Increase the flow of foreign direct investment in the countries of Eastern Europe and the former Soviet Union 5 times;
• The rise of the global arms market due to the worsening political tensions;
• The deepening economic crisis in the newly industrialized countries of Asia;
• Economic integration of Russia, Belarus, Ukraine and Kazakhstan, with the resumption of a single ruble zone.
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