MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR
FOURTH YEAR SECOND SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
BACHELOR OF SCIENCE IN AGRICULTURAL ECONOMICS AND RESOURCE MANAGEMENT
COURSE CODE: ARE 443
COURSE TITLE: AGRICULTURAL TRADE AND ECONOMICS
DATE: 17TH APRIL, 2014 TIME: 9.00AM – 12.00PM
INSTRUCTIONS TO CANDIDATES
Question ONE is compulsory
Answer any other THREE questions
This paper consists of 2 printed pages. Please turn over.
1. a) Discuss the importance of agricultural trade (10mks)
b) Examine the comparative advantage theory of international trade (5mks)
c) Explain balance of payments in international trade. (10mks)
2. i) Examine the protection policy (5mks)
ii) Discuss the various forms of economic integration (10mks)
3. Discuss the effects of foreign debt on developing countries. (15mks)
4. Examine the agricultural trade problems that face developed and undeveloped countries. (15mks)
5 . Write short notes on the following:
i) W.T.O (5mks)
ii) E.E.C (5mks)
iii)UNCTAD (5mks)
