Question 1
The effect of changes in imports or exports of one country on the GDP of another country is called
◦ the international trade multiplier.
◦ trade contagion.
◦ globalisation.
◦ the trade transmission system.
Question 2
The term 'beggar-my-neighbour policies' is usually applied to
◦ the IMF imposing harsh conditions when granting loans to poor countries.
◦ countries trying to solve their problems without considering the international effects.
◦ Euroscepticism.
◦ controls and restrictions on trade.