What does a deficit in balance of trade point out
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
Describe which of the following is a visible and which is invisible item in Balance of payments. (a) Export of jute product (b) Software services exports. Answer: Q : Wars that have an impact on Global The professor wants to narrow it down to one or two wars that have affect global economies.
The professor wants to narrow it down to one or two wars that have affect global economies.
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
Which transactions find out the balance of trade? When the balance of trade is in surplus?
If exchange rate of foreign currency downs or falls, its demand rises. Describe how? Answer: If exchange rate falls, an import become cheaper, demand for imports in
Assume that El Salvador can generate coffee at lower opportunity costs than Spain, whereas Spain can generate olive oil at lower opportunity costs than El Salvador. The citizens of both countries can potentially profit from international trade since of the efficiency
Explain all the approaches of Paul Samuelson.
Who rediscovered Bachelier’s thesis?
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