- IMATIVE ASSESSMENT (ASSIGNMENT) – 2020 FIRST SEMESTER INM500 INTERNATIONAL MANAGEMENT V 1 One of the answers to the question of why nations trade is provided by the theory on mercantilism. Compare and contrast mercantilism and neo-mercantilism. Do not just copy from the textbook; if you do, you will only be given 3 marks. (5) 2 The nationalisation of key industries and banks is discussed under neo-mercantilism. Choose a side of the nationalisation debate in South Africa and motivate your choice. Ensure that you refer to the theory in the textbook and include three recent articles from the internet related to this topic in your answer. Your answer will be assessed in accordance with the rubric at the end of this assignment (25) According to the theory of absolute advantage, a country can increase its economic wellbeing by specialising in goods that it can produce more efficiently than anyone else. Suppose South Africa and China each produce two products, namely dresses and motorcars. South Africa needs 12 hours to produce a motorcar and 3 hours to produce a dress; China needs 8 hours to make a motorcar and 4 hours to make a dress. Answer the questions that follow. 1.3.1 Summarise the above-mentioned information in a table as shown below. Hours of production for one unit Dress Motorcar China South Africa

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Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions