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Q. "The balance of payments accounts seldom balance in practice." Discuss.
Answer: True the major reasons are due to the fact that data received or collected from different sources may possibly differ in accuracy, coverage, and timing. In addition data on services aren't as dependable as data from the financial account. Furthermore accurate measurements of international interest and dividend receipts are particularly difficult.
1 Answer True or False. Brief explain your answer. No credit without explanation. a Bretton Woods. During the Bretton Woods system countries with large current account surpluses
Q. Explain how the timing of a balance of payment crisis is determined. Be careful to state all assumptions. Answer: The assumptions of the model are: Prices are el
Q. It can be argued that Japan's explicit promotion of its microchip industry was an excellent paradigm of successful industrial policy. What criteria could you apply to calculat
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who looses from tarrif and quota?
(a) Consider there are two countries (country 1 and country 2) with two goods (X and Y). Further, under the assumptions of the Ricardian model, country 1 specialise in goods X. De
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what are the limitation of comparative advantage?
A vast body of literature has been dedicated to the study of social support and satisfaction. Social support is commonly viewed as one of the most important concepts of close pers
The first African Economists Congress organized by the African Union concentrated on the creation of a monetary union and the introduction of single currency in Africa. (a) Ref
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