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review the general equilibrium conditions under autarky and given free trade using the opportunity cost theory of trade
Q. Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible. Answer: Since specie inflows drive up domestic prices and restore symmetry in
What are the reasons behind the growing importance of services in trade ?
explained with example
Q. What do you mean by Public Expenditure? The central governments have the responsibility of implementing various developmental programmes and bring about economic and social
what is international pricing method?
Explain the complexities in the annalysis of balance of payment equilibrium
Postwar trade theory
Q. It has been claimed that the Chinese burst of modernization which has been propelling its manufactured exports throughout the world at an unprecedented rate, is made possible b
Explain why the exchange rate model based on PPP is a long-run theory. Answer: PPP theory is a financial approach to the exchange rate. It is a long-run theory for the reason
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