Chapter 7: International Trade

Content;
- Definition of International Trade
- Domestic Trade VS International Trade
- Merits And Demerits
- Definition of Absolute Advantage
- Assumption of Absolute Advantage
- Definition of Comparative Advantage
- Definition of Protectionism
- Reasons for Protectionism
- Tools of Protectionism
- Balance of Payment
- Disequilibrium in the Balance of Payment
- Measures to Correct Disequilibrium
- Fixed Exchange Rate & Floating Exchange Rate
by;
Siti Nursafwanah binti Daim               01DKB17F1035
Nornajwa Syafina binti Othman          01DKB17F1038
Intan Nabila binti S. Roslee                 01DKB17F1049
Nur Nabila binti Rosazaman                01DKB17F1051