Woldu-IMS6204.551-S19
Midterm Exam Essay
Name:
NetID:
d
1) Discuss the factors that contribute to imperfect specialization in international trade.
Provide evidences to indicate that there is imperfect (incomplete) specialization taking
place in most economically advance countries. (30 pts).
Bonus question (10 points)
Determine if there a direct relationship between economic growth and tariff rate of
nations. In other words, prove the assumption that nations that apply heavy tariff on
import products will hurt their economies.
Guideline:
a)
b)
c)
d)
e)
Find 30 high tariff developing countries Vs. 30 low tariff rate nations.
Build a simple regression model for each of them
Use data from 1990-2018
Concentrate on developing countries
Your sources could be from world bank data
Guideline for your essay:
1. Your essay should be supported by research articles from referred journals,
minimum of three articles will be required to support your position. Each essay
can have a minimum of 1 page and a maximum 2 pages (not counting, tables,
reference page or graphs), double spaced with fonts 12 size). Follow, MLA
citation style.
2. Please upload your essay by 7th of February/ 2019, before 6:00 pm.
1