Variation in the price of non-agricultural commodities is determined over time by demand-supply dynamics. The last two d

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Variation in the price of non-agricultural commodities is
determined over time by demand-supply
dynamics. The last two decades have seen a significant increase in
international trade and business
volume due to globalization and liberalization sweeping across the
world. This increase has led to
rapid and unpredictable variations in financial assets prices,
interest rates, and exchange rates, and
subsequently, to exposing Multi-National Corporations to financial
risk. As a result, financial
markets have experienced rapid variations in interest and exchange
rates and stock market prices,
thus exposing the corporate world to a state of growing financial
risk. We can hedge the risk of
price variations in stocks, bonds, commodities, currencies,
interest rates, market indices, etc.
a) How is Jamaica's economic well-being enhanced through free
international trade in goods and services, especially since the
COVID-10 pandemic? Discuss two relevant examples specific to
Jamaica.
b) Discuss two (2) similarities and two (2) differences between a
futures contract and a forward contract. When would the use of one
be preferred over the other?
Note: Use real-world Multi-National companies, when providing
responses to the above questions