Wars that have an impact on Global Economies
The professor wants to narrow it down to one or two wars that have affect global economies.
The U.S. economy is an instance of a system characterized by: (1) Mixture of different aspects of various economic systems. (2) Strictly decentralized the decision making process. (3) Centralized ownership of resources. (4) Political decisions regarding all allocative
Explain all the approaches of Paul Samuelson.
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Define foreign exchange: It is the currency other than domestic currency.
Identify the key challenges to india's economic development. To what extent the second generation reforms will tackle the current challenges of india's development
Who rediscovered Bachelier’s thesis?
Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Peanut butter, jelly sandwiches and tuna fish sandwiches are replacements. Assume an international agreement decreased the worldwide catch of tuna by half. The equilibrium price of grape jelly would be: (1) Increases while the equilibrium quantity is reduced. (2) Drop
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