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Q. At the conclusion of World War I, Germany, as a punishment, was obliged to take a large transfer to France in the form of reparations. Is it possible that the actual reparations can have improved Germany's economic welfare?
Answer: Such a result isn't likely though theoretically, if France's income flexibility of demand for Germany's exports was higher than Germany's income elasticity of demand for its own exportable after that the real income transfer associated with these reparations may possibly have improved Germany's terms of trade and improved its balance of payments therefore helping Germany in manner unanticipated in the Treaty of Verssaille.
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Q. What are the main functions of money? Answer: Money serves generally three important functions that are a unit of account, a medium of exchange and a store of value.
Lot of
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#question.what is the baises for international trade.
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Q. Why is it that North-South trade in manufactures look to be consistent with the results or expectations generated by the factor-proportions theory of international trade, where
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