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.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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
suppose that an investor has an extra cash reserve of $1000000 to invest for one year. annually rate is 10%
The professor wants to narrow it down to one or two wars that have affect global economies.
If the Chinese economy could create all goods with fewer resources per unit than are needed in US, the citizens of China would: (i) Encompass a comparative advantage in the whole thing. (ii) Be self-sufficient since there would be no potential profits from trade. (iii
If a Hawaiian can produce 50 bushels of either potatoes or pineapples per acre, whereas an Idahoan manages just 3 bushels of pineapples or 30 bushels of potatoes per acre, then: (1) Idaho’s absolute drawbacks prevent gains from specialization and exchange. (2) T
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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