1. Why are countries engaged in international trade? Explain five reasons. (10 Marks)
b. What are the five major arguments for free trade? (7.5 Marks)
2. Provide a detailed explanation of the two main classical theories of international trade (10 Marks)
b) Present five assumptions and criticisms of the theory of comparative advantage. (7.5 Marks)
Consults, E. (2022). ECO 315 PAST QUESTION PAPER. Afribary. Retrieved from https://afribary.com/works/eco-315-past-question-paper
Consults, Education "ECO 315 PAST QUESTION PAPER" Afribary. Afribary, 06 Jul. 2022, https://afribary.com/works/eco-315-past-question-paper. Accessed 24 Apr. 2024.
Consults, Education . "ECO 315 PAST QUESTION PAPER". Afribary, Afribary, 06 Jul. 2022. Web. 24 Apr. 2024. < https://afribary.com/works/eco-315-past-question-paper >.
Consults, Education . "ECO 315 PAST QUESTION PAPER" Afribary (2022). Accessed April 24, 2024. https://afribary.com/works/eco-315-past-question-paper