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under fleible exchange rate regime what are the consenquences of current account deficit and surplus
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
offer curves, terms of trade and terms of trade as a measure of gain
Q. 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
Q. What is the national income identity for an open economy? Answer: Y = C + I + G + EX - IM.
oppotunity cost theory of international trade.Explanation of the theory
Q. Illustrate the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only due to the common Asian practice of industrial policy and busin
Critical evaluation of Adam Smith''s Theory. Outline of its purest form. What is its critism?
INTERNATIONAL TRADE can be understood as follows By the international trade, we signify the exchange of goods and services between different countries. For any individual count
Discuss the exceptional supply curve
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