Answer each question in two to three paragraphs. Use International Business and Trade Course Modules and Power point slides as references.

1. Discuss and explain any two (2) gains from international trade (increase consumption of imported goods, increase production and specialization; and earnings of foreign currencies. )

2. Discuss and differentiate tariffs (taxes on imports) from non-tariff measures as barriers to free trade.

B.

1. Name any one good imported in the Philippines. Briefly discuss the company that produces this imported good.

C. Choose one foreign exchange rate and answer items C.1 and C.2 [10 points]

1. What is the foreign exchange rate of the Philippine peso against this foreign currency in April 2021? What is the foreign exchange rate of the Philippine peso against this foreign currency in a previous date?

2. Compute for the change in foreign exchange rate and classify the change, whether appreciation of the Philippine peso or depreciation of the Philippine peso against the foreign currency.