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In the LONG run, an increase in aggregate demand will increase price level and:
CPI or consumer price index is best described as:
The responsibilities of the Federal Reserve can be best described as
During the past year inflation increased as well as the unemployment rate. What term best describes what happened in the past year:
What is the Nash Equilibrium outcome of the game shown. Assume that each party is working for their own best interest:
If they devote all of their resources, Japan can produce 150 cars per year or 100 buses per year. Vietnam is able to produce 100 cars a year or 95 buses year. If the two countries were to trade, the
Throughout the 1990s, technological advance decreased the cost of computer chips. How do you think this influenced the market for computers? For computer software? For typewriters?
Why do most economists oppose the trade restrictions?
How is economics like a science? Why is economics a ‘social’ science? Why do economists sometimes offer contradictory advice to the policymakers? Should an economic model explain reality e
We say that the foreign exchange market is in equilibrium when deposits of all currencies o er the same expected rate of return (when returns are denominated in the same currency). Formally,
What is GDP? Discuss the two ways in which it is measured, and why the two ways must come to the same result. Taking the most common measure, what are its components (i.e. what is GDP composed of)?
Different organizational functions have dissimilar interests and such create conflicting objectives and need for a logistics system. Elaborate on this statement and describe the various consideratio
What are the main objectives of foreign trade policy? Describe the general provisions associated to imports under the Export-Import policy.
Describe in brief the specific initiatives outlined in the year 2005 for promoting foreign trade.
What is the rationale of transfer of technology? Describe different non-equity forms of technology transfer by TNCs and Small and Medium Enterprises.
What do you understand by the term adjustable peg? Compare the adjustment process under gold standard and under the exchange rate regime introduced by the Bretton woods system.
Explain the benefits of containerization to the shippers and the ship-owners. As well state its drawbacks if any?
Do you think that the documentation formalities are essential for exporter and importer? Describe and state the features of Commercial Invoice and Bill of Lading.
a) Describe different barriers to international marketing of services. b) You are in a business of soft drink and intend to export your product. Which kind of distribution channel you will choose fo
What do you mean by the term Balance of Payments? Describe different components of balance of payments with appropriate illustrations.
How did the US Balance of Payment position affect the whole International Monetary System under Bretton Woods System?
What do you understand by the term institutional arrangements for resolving shipper’s problem? Describe.
In export-import trade, people are dealing in documents and not in goods. Critically observe this statement.
What is meant by the term balance of payments? How do current account and capital account distinct? Explain salient features of India’s balance of payments.
Describe five different marketing philosophies under which business enterprises conduct their marketing activity.