INTERNATIONAL TRADE ASSIGNMENT

questions  one

(a)What is international trade?

(b)Differentiate between

• Import trade and export trade
• Multilateral trade and bi lateral trade

question two

State the difference between home trade and international trade.

Explain the factors that give rise to international trade

question 3

(a)Distinguish between a share and a debenture

(b)Explain the merits of conducting international trade by countries.

question 4

(a)Distinguish between visible and invisible trade in international trade.

(b)What are the advantages of international trade?

question 5

(a)Distinguish between the following terms used in international trade

• • Balance of trade and balance of payment
  • Terms of trade and exercise duty

(b)Outline the reasons for controlling or restricting international trade

• Give the meanings of the following terms and documents used in international trade
  • Certificate of origin
  • Invoice
  • Shipping note
  • Weight note
  • Pro-forma invoice
  • Consular invoice
• Give and briefly explain why the government of Uganda controls international trade.
• Foreign trade and home trade are basically different. Give the differences between the two.
• (a)Differentiate between
  • Visible trade and invisible trade
  • Bi lateral trade and multi lateral trade

(b)State the problems faced by the traders when carrying out international trade

question 6

(a)Define the term customs authority

(b)Give the importance of customs authority of a country

question

(a)Define the term chamber of commerce

(b)State the functions of the chamber of commerce.