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Brifly explaine the alternative explanation to the theory of international trade
Q. What is the national income identity for a closed economy? Answer: Y = C + I + G.
what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
It is argued that a tarriff may help promote employment in a single industry, but is not likely to help employment in general
Vernon's product cycle theory
Q. Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory. Answer: Expected p
Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant. A raise in th
why is international trade important for south africa
Application of defferential calculus in economics
trade experience of developing countries
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