NUR SYAHFIKAH EKA SYAZWANI BINSOL
BB19110618
Exercise 1
1. What is International Economics?
Answer:
International economics is about the interaction between country through trading
activity. And from this it will influence each country GDP and monetary policy.
2. What is the difference between international trade and international finance?
Answer:
International trade is about the pattern of production, trade and investment between
the countries meanwhile international finance examines the effects of financial flows
and looks at the effect of such flow on the balance payment and exchange rate.
3. Explain what is pattern of trade, by giving examples.
Answer:
The pattern of trade discuss what one country export and import to other country.
For example United State (US) export electrical machinery, optical and medical
instrument and aircraft to Malaysia meanwhile Malaysia export agriculture product
such as vegetables oil, industrial alcohol and fatty acid, cocoa paste and cocoa butter
to US.
4. What is Balance in Payment?
Answer:
Balance of payment is the accounting of country’s international transaction include
the total of import and export of goods, services and capital as well as transfer
payments such as foreign aid and remittances in one time period such as quarter or
a year.