Any professional tutors around? i need am explanation on the following questions for thumbs up rating. My professor only accepts innovative answers.

1.Write in full the following abbreviations:

i) Franco

ii)O.N.

iii)C.W.O

iv)I.O.U

2.State any four economic benefits Kenya may derive from the recently revived East African

cooperation (E.A.C)

3.Highlight four trade measures that can be undertaken by a country to correct balance of

paymentdisequilibrium

4.Highlight four difficulties encountered in international trade

5.The following statement shows the various level of economic integration. Against this statements,

give the level that suits each:

StatementLevel

(a) Member countries imposes common tariffs on non-

member states

(b) Member countries have joint economic institution

and common monetary and fiscal policies

(c) Member countries agree to either abolish or relax

tariffs and other barriers

(d) Member countries allow free movement factors of

production

6.Outline four ways in which Kenya benefits by being a member of Common Market

for East and Southern Africa States (COMESA)

7.The table below gives descriptions of some documents used in international trade complete the

table, by indicating the name of the document that corresponds to each description

DescriptionDocument

i) Requests the exporter to supply the importerwith the items indicated

ii) Acknowledgesthe receipt of goods on board a ship

iii) Authorizes the bank to resellgoods being exported

iv) Gives details of exportedgoodsand name ofcountryof origin

8.Highlight four factor that may hinder the success of East African Co-operation (E.A.C)

9.Explain five benefits that will accrue to a country due to use of pipeline in transporting

oil products

10.Explain five advantages that a country may experience from imposing trade restrictions in

trading partners.