Do all the questions described below:
Question 1: What do you mean by the term Balance of Payments? Describe different components of balance of payments with appropriate illustrations.
Question 2: Do you think that FDI accelerates the rate of economic growth of the host country? Describe and as well illustrate the limitations of the FDI.
Question 3:
a) Describe the necessary elements of a valid contract.
b) Describe the main objectives and network of Global Trade Point Network.
Question 4: Differentiate between:
a) Export Sales Contract and Domestic Sales Contract.
b) Absolute advantage and Competitive advantage.
Question 5: Write down short notes on the given terms:
a) World Trade Organization (WTO).
b) Business and Social Responsibility.