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International Trade

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what are the reasons for international trade? unequal distribution of resources and specialization imports good brought into the country exports goods sent to other countries why do countries specialize in certain products when they trade to concentrate their efforts on producing a few goods and services instead of everything they need absolute advantage the ability to produce more of a given product than someone else comparative advantage The ability of a country to produce a good at a lower opportunity cost than another country can. law of comparative advantage a nation is better off when it produces goods and services for which it has a comparative advantage trade surplus Exports exceed imports trade deficit An excess of imports over exports is a trade surplus or deficit better for a country surplus balance of trade relationship between a countries exports and imports positive or negative balance of trade positive Upgrade to remove ads Only $35.99/year what would a positive or negative balance of trade say about the economy of a country the value of their currency balance of payment A measure of the total flow of money into or out of a country. positive or negative balance of payment positive what does a negative balance of payment say about a country in debt what is the purpose of a trade barrier a way to stop or slowdown certain foreign products from freely coming into a country what is a trade barrier also called trade restriction protectionism helps protect the economy and certain industries of a country from foreign competition quota a limit on the amount of a good that can be imported voluntary restriction a country voluntarily limits the number of a product they ship to a country tariff a tax on imported goods Upgrade to remove ads Only $35.99/year embargo a government prohibits the import of an item what country have we had the longest embargo against cuba what are some problems created by trade barriers cost of foreign goods wars economies by making them inefficient and unresponsive free trade zone a region where a group of countries agree to reduce or eliminate trade barriers NAFTA north American free trade agreement, eliminate trade barriers between US Canada and Mexico EU European Union, trade organizations made up of European nations drawback of trade agreements ,ay lead to job loss because companies will relocate to the country in which it costs the least to produce their product exchange rates the worth of the countries money in terms of another country appreciation the value of the dollar increases depreciation the value of the dollar decreases Upgrade to remove ads Only $35.99/year what is the effect on the US when its dollar strengthens we can buy foreign products cheaper, but foreign countries want buy as many of our products what is the effect on the US when its dollar weakens foreign countries will buy more of our products, but we cant buy as much foreign products

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Exam Pack1 2021
Which of the following Is related to public order crimes and differs from country to
country? - answerMoral laws, codes and standards

Choose the correct .......... answer may be regarded as the primary objective of
organised crime - answerEconomic gain

Identify which combination of existing theories can explain conservation crime -
answerRational choice, social learning, general theory of crime, neutralisation

Which one of the following Is not an example of white-collar crime? - answerAfrican
organised crime

Crime classification refers to one of the following options - answerThe partition or
arrangement of crime data into segments representative of legal definitions of criminal
acts, according to recorded crime statIstIcs

Why Is the use of the term "public order crimes" preferred against the use of the word
"victimless crime"? - answerSecondary victims are involved

Around which one of the following does the core syndicate activity m Africa revolve? -
answerBlack market business crimes

Which term can best be used to describe crime directed at natural resources? -
answerConservation crime

Which one of the following crimes falls into the category of crime Sutherland had in
mind when he defined white-collar crime? - answerCorporate crime

Wh1ch country perceives murder, rape, robbery and aggravated assault as priority
crimes? - answerAmerica

Choose the correct option:
Victimless crimes may be defined as offences committed by adults with the voluntary
and consent of all involved and without any of the parties lodging a complaint with the
police - answermutual

Which factor contributes to the incidence of organised crime in South Africa? -
answerFavourable geographical position

Which form of pollution Is of greater immediate concern than any other type of
pollution? - answerAir pollution

Embezzlement 1s an example of which one of the following crimes? - answerWhite-
collar crime

,Exam Pack1 2021
Which factors are strongly related to contact crimes? - answerAlcohol and other
substance abuse

Prostitution is based on a balance between the supply of available -------- and the
demand for ------- to provide the sex act - answervictims, victims

Which theory relating to the explanation of organised criminal activities states that
"aberrant behaviour can be viewed as a symptom of the dissociation between culturally
defined asp1rat1ons and socially structured means"? - answerAnomie theory

Which form of pollution 1s regarded as one of the oldest environmental problems,
usually ascribed to urbanisation, industrialisation and waste disposal? - answerWater
pollution

Employee theft is primarily explained m terms of which one of the following factors? -
answerJob dissatisfaction

Which factors influence Advance Fee Fraud (AFF)? - answerImport of consumer and
economic investment goods

Which type of prostitutes 1s most likely to be impoverished representatives of ethnic or
racial minorities? - answerStreet workers

Indicate on which type of crime does the ma,n focus fall m terms of transnational and
international organised crime 1n Mozambique? - answerdrug trafficking

Choose the correct option Policing should, 1n its widest sense, involve the of risk,
alongside criminal investigation and other law enforcement activities -
answermanagement

Wildlife trade is regarded as the ............ biggest illegal trade in the world -
answersecond

When a factory dumps hazardous waste in a river, it is an example of which one of the
following categories of crime? - answercorporate crime

Discuss the nature and extent of conservation crime - answer1. Environmental pollution
2. Air pollution
3. Water pollution
4. Solid and hazardous waste pollution
5. 3.7.1.4 Noise pollution
6. 3.7.2 Illegal trade in endangered species
7. 3.7.3 Transnational conservation crime
8. 3.7.4 The problem of waste

, Exam Pack1 2021
Identify and discuss the different theoretical explanations for white collar crime -
answer1. An ethical explanation for white collar crime
2. A psychological explanation for corporate crime

Define prostitution and discuss the different types of prostitutes - answerProstitution
1. Prostitution-as-work
2. Prostitution-as-exploitation
3. Prostitution in South Africa
Types of prostitution
1. Streetwalkers
2. Bar girls
3. Brothel prostitutes
4. Call girls
5. Escort services/call houses
6. Circuit travellers
7. Skeezers
8. Massage parlours/photo studios

Critically discuss the different types of white collar crime - answer• misappropriation of
pension funds
• advertisements that deliberately mislead potential buyers
• labour offences where workers are exposed to unsafe conditions
• inadequate monitoring of unsafe products.
• bribing politicians or political parties in order to secure lucrative contracts

Discuss the characteristics of organised crime according to Glick (1995), Reid (1997),
Lyman and Potter (2004) - answer• Organisational continuity.
• Hierarchical structure.
• Restricted/exclusive membership.
• Criminality/violence/power.
• Legitimate business involvement.
• Use of specialists.

Herbig (2004) believes that failure to classify and/or recognise conservation crime as a
unique crime category could promote .• perceptions of this type of crime among
criminological scholars and conservation officials. - answerrigid and ignorant

Foundations for an environmental perspective In criminology have been laid. Which
perspective 1s required for dual purposes of innovation and consolidation? -
answerrecognition of a viable and unambiguous criminological perspective

Which of the following will best describe the inhumane severe penalties in Saudi
Arabia? - answermurder and rape are punished by cutting off the offender's head by
sword in public

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