Do all the problems described below:

problem 1: What do you mean by the term Balance of Payments? Describe different components of balance of payments with appropriate illustrations.

problem 2: Do you think that FDI accelerates the rate of economic growth of the host country? Describe and as well illustrate the limitations of the FDI.

problem 3:

a) Describe the necessary elements of a valid contract.
b) Describe the main objectives and network of Global Trade Point Network.

problem 4: Differentiate between:

a) Export Sales Contract and Domestic Sales Contract.
b) Absolute advantage and Competitive advantage.

problem 5: prepare down short notes on the given terms:

a) World Trade Organization (WTO).
b) Business and Social Responsibility.