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1.1 The South African Government after protracted negotiations has recently allowed the tariff free importation of some poultry into the country. 1.1.1 Explain who would benefit and who would lose in the local economy as a result of the duty free importation of chicken. 1.1.2 Local poultry farmers are not happy with this new development and are canvassing for tariffs to be imposed on these imports. Discuss 5 arguments which the local poultry farmers can use to support their position. 1.2 Distinguish between currency appreciation and currency depreciation. 1.3 Discuss any 4 factors that could lead to the appreciation of the currency of your country in terms of the US Dollar.
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