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MNG4804 ASSIGNMENT 2 SEMESTER 2 2026 Required: Using practical examples and the Mercantilist Theory, critically discuss how unequal power between trading countries may undermine the success of Free Trade between them.

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MNG4804 ASSIGNMENT 2 SEMESTER 2 2026 Required: Using practical examples and the Mercantilist Theory, critically discuss how unequal power between trading countries may undermine the success of Free Trade between them.

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Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185




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Educating the world for a better change

,Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185


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Educating the world for a better change

, Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185


Table of Contents

Question 1: Adam Smith’s Theory of Absolute Advantage: Ghana’s Cocoa Trade
with Developed Countries ....................................................................................... 4

Question 2: The Effects of the Iran War on International Trade ......................... 10

Question 3: Unequal Power, Mercantilism and the Limits of Free Trade .......... 15

Question 4: Trade Policy Instruments and Consumer Welfare in South Africa 20

Reference List ........................................................................................................ 28




Educating the world for a better change

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Uploaded on
August 19, 2026
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Written in
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