Illustrate what economic forces and mechanisms work

Assignment Help Macroeconomics

Reference no: EM1333474

Balance of Trade

Summarize your understanding of both microeconomic and macroeconomic theory in a discussion of balance of trade.

What are the economic factors that affect balance of trade?

What is the effect of trade imbalances on national economies? On the global economic system?

What economic forces and mechanisms work to maintain trade equilibrium? What works against it?

How does the balance of trade affect the economic growth of individual nations?

How does the balance of trade impact business decisions?

Reference no: EM1333474

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