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draw diagram of price leadership model
Q. What is the national income identity for an open economy? Answer: Y = C + I + G + EX - IM.
what is this theroy
How do countries gain under the increasing cost assumptions
difference between classical and neo classical theory of international trade.
Q. What are the three main reasons why governments sometimes chose to devalue their currencies? Answer: 1. Permit the government to fight domestic unemployment despite the
Q. Why is it that an industry is performing under conditions of domestic internal scale economies (applies to firm in the country) - then the resultant equilibrium can't be consis
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 so
Q. Using the diagram, show what happens to the composition of production (that is quantity of cloth per 1 unit of food) in Australia once trade is established between the two coun
New threats to an open trading system
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