Q1

Briefly explain the Heckscher-Ohlin theory relating to the trade flow of any country

b) Discuss the applicability of the Stolper-Samuelson theorem for predicting terms of

trade in two countries.

How would you explain trade flow in the current COVID19 environment?

Q2

Choose a Pacific Island country and evaluate how the government, private sector and

international trade-related agencies have responded to the decline in trade due to COVID19.

Ensure to analyze all the relevant data and references. You may choose any Pacific Island

country.