** PLEASE PROVIDE DIFFERENT ANSWERS **

1. Elaborate on the volume, the direction of trade and the composition of trade using trade theories presented in the class 2. Explicate the key reason that the US has been running international deficits for the last close to 40 years, and, presently, is the largest debt nation globally. 3. Assess the impossible trinity concept in the context of the fixed/flexible exchange rate regimes 4. Trace the evolution of the international monetary system up the its current status and offer a judgment as to its future 5. What are the various account and balances of the Balance of payments and what are the major factors that affect the various entries in each of the accounts