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illustrate the circular flow of income of an open economy and explain the effects of various injections and withdrawal in the circular flow?
Q. Economic theory in general and trade theory in particular are replete with equivalencies. For illustration, it is argued that for any specific tariff one can search an equival
why do nations impose trade barriers
What are the benefit derived by Indian Corporates due to WTO - TRIPS?
Question : (a) Differentiate between Transaction, economic risk and Translation risk in foreign exchange market. (use an illustrative and numerical example in each case. (b)
what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
In the Ricardian analysis, why does each trading partner have an incentive to produce at an endpoint of its production-possibility frontier? Why are prices of factors of production
Q. Discuss the relationship between PPP and the Law of One Price. Answer: The law of one price is applies to individual commodities while Purchasing Power Parity appli
Why we Devising an International Monetary System
draw diagram of price leadership model
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