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What can explain the failure of relative PPP to hold in reality?
Answer: Government procedures of the price level differ from country to country.
One cause for these differences is that people living in different countries spend their income in different manners. For the reason that of this inherent difference between countries certain baskets will be affected more by price changes given their consumptions basket. For illustration consumers in country X eat more fish compared with consumers in another country. In excess of likely the government upon determining a commodity basket to reflect preference will have an overwhelming representation of fish in their basket. Any price level vary in the fish market will be felt particularly by country X and their overall price level will reflect this. Therefore the changes in the relative prices of basket components can cause relative PPP to become distorted.
Q. Why are prices of factors of production not equalized? Answer: Again this statement may not or may be argued to be true. On the other hand, the growth and large volume in
trade experience of developing countries
describe this thery in detail?
ln?(?FDI?_t )=ln??(C)+? ln?(?CNGDP?_t )+ßln?(?GDP?_t ?)+a ln?(DIST)+fCAFTA+?_(1 ) ln?(?EXPORT?_t )+?_2 ln?(?GDPM?_t )+?_3 ln?(?CPI?_t )+?_4 ln?(?GDPA?_t )+e
Q. International trade leads to complete equalization of factor prices. Discuss. Answer : This statement is usually "true...but". Under a limited and strict set of assumpti
Given the following hypothetical data (in millions of naira): 1. gross private domestic investment N59 2. contributors for social insurance N8 3. inter
what do you understand by (reciprocal demand)offer curve
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Describe International Trade Theory?
Question 1 A local manufacturer of work gloves and gardening gloves has been enjoying moderate success in its local markets with a physical sales team. The president is convin
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