Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
BALANCE OF PAYMENTS
The Balance of Payments of a country is a record of all financial transactions between residents of that country and residents of foreign countries. (Residents in this sense does not just refer to individuals, but would also include companies, corporations and the government). Thus all transactions are recorded whether they derive from trade in goods and services or transfer of capital.
Like all balance sheets, the balance of payments is bound to balance. For if the country has "overspent", then it must have acquired the finance for this "overspending" from somewhere (either by running up debts or using its reserves), and when this item is included in the accounts they will balance. It follows therefore that when reference is made to a balance of payments "deficit" or "surplus", this only looks at a part of the total transactions, e.g. that part involving trade in goods and services, which is termed the "Balance of Payments on the current account"
If the value of exports exceed the value of imports the balance of payments is said to be in Trade Surplus. This is regarded as a favourable position because a persistent trade surplus means lower international debts. Also, a trade surplus is regarded as a sign of success in the country's trade with other countries and is, therefore, politically desirable.
On the other hand, if the value of imports exceed the value of exports, the balance of payments is in trade deficit. This is an unfavourable position because a persistent balance of payment trade deficit means the country's foreign exchange reserves are being run down and so is its ability to pay for its imports and settle its international debt. Also persistent balance of payments trade deficit is regarded as a sign of failure in the country's trade with other countries and is therefore politically undesirable.
Explain the importance of managerial economics.
Arc Elasticity Is the average elasticity between two given points on the curve, i.e. Because of the negative relationship between price and quantity demanded, pr
The following contains cost and benefit information for two different alternatives for a w capital investment in computerized process technologies to control the process at a manuf
In the city of Gelato the market for ice cream is perfectly competitive. Aggregate demand for ice cream is: where p is the price for one cone of ice cream. All ice cream pr
Theory of consumer behavior
INTERNATIONAL TRADE Definition It is the exchange of goods and services between one country and another. International Trade can be in goods, termed visibles or in servi
The production function is Q= 20 K0.5 L0.5 Question: For the production function Q= 20 K0.5 L0.5 determine four combinations of capital and labor that will produce 100 and 200 unit
PROPORTIONAL TAX Is where whatever the size of income, the same rate or same percentage is charged. Examples are commodity taxes like customs, excise duties and sales tax.
explain the managerial economics
WHAT ARE THE FORMS OF COST FUNCTIONS?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd