Define balance of payment or BOP
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.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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
‘Can foreign exchange markets be analyzed in similar manner as the markets for ordinary physical commodities? Do demand slope downwards and supply slope upwards for currencies?’
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : International trade product life cycle I NEED TO UNDERSTAND MORE ABOUT PRODUCTION POSSIBILITY FRONTIER
I NEED TO UNDERSTAND MORE ABOUT PRODUCTION POSSIBILITY FRONTIER
When Balance of payment of a country is Rs (-) 100 crores and total payment are Rs 500 crores. Determine its total receipts.
5. What are the factors responsible for the recent surge in international portfolio investment?
The French phrase ‘laissez-faire’ almost translates as: (1) Enjoy your leisure. (2) Let the buyer be cautious. (3) All other things held steady. (4) Leave us alone. (5) Labor is a source of all the value. Q : International product life cycle I NEED I NEED TO UNDERSTAND MORE ABOUT International product life cycle
I NEED TO UNDERSTAND MORE ABOUT International product life cycle
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