ECS3702 International Trade (ECS3702)
University of South Africa
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Examen
ECS3702 EXAM PACK 2023 200+ QUESTIONS AND CORRECT ANSWERS WITH SUMMARISED NOTES.
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---250junio 20232022/2023A+
- ECS3702 EXAM PACK 2023 
200+ QUESTIONS AND 
CORRECT ANSWERS 
WITH SUMMARISED NOTES. 
Question 1a 
Briefly Explain the Following terms 
(a) Absolute Advantage 
Absolute advantage is the ability of a country to produce a greater quantity of a good 
or service with the same quantity of inputs per unit of time, or to produce the same 
quantity of a good or service per unit of time using a lesser quantity of inputs, than 
another entity that produces the same good or service. 
(b) Factor Intensity 
T...
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Examen
ECS3702 Assignment 3 (Detailed Answers) Semester 1 2023 (Due 10th April 2023)
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--228abril 20232022/2023A+
- ECS3702 Assignment 3 (Detailed Answers) Semester 1 2023 (Due 10th April 2023) 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .
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LIBRARYpro
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Examen
ECS3702 Assignment 3 Semester 1 2023
-
---28abril 20232022/2023A+
- ECS3702 Assignment 3 Semester 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . 
QUESTION 1 
Discuss the potential trade effects and subsequent channels through which the covid-19 
pandemic has affected a developing economy such as South Africa. [5 marks] 
QUESTION 2 
Explain briefly In your own words why international trade is important for a developing 
country. [10 marks] 
2 
3 
QUESTION 3 
Consider the following hypothet...
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LIBRARYpro
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Examen
ECS3702 EXAM PACK
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---250febrero 20232022/2023A+
- Question 1a 
Briefly Explain the Following terms 
(a) Absolute Advantage 
Absolute advantage is the ability of a country to produce a greater quantity of a good 
or service with the same quantity of inputs per unit of time, or to produce the same 
quantity of a good or service per unit of time using a lesser quantity of inputs, than 
another entity that produces the same good or service. 
(b) Factor Intensity 
The relative importance of one factor versus others in production in an industry, 
usu...
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