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Q. "The balance of payments is always balanced." Discuss.
Answer: True each international transaction automatically enters the balance of payments twice once as a debit and once as a credit.
Current account + financial account + capital account = 0
explain the newo clacical theory of international trede
Q. Evaluate the Argentinean Convertibility Law of April, 1991. Answer: Excellent idea in the short run disastrous idea in the long run. The law was discarded only in Ja
Q. What is the national income identity for a closed economy? Answer: Y = C + I + G.
THE SETTING Country X is blessed with large reserves of natural resources, spectacular physical landscape and a moderate climate. It is inhabited by a well educated and industrious
Q. "Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lea
ABOUT THIS THEORY
discuss the possibility of trade if factor endowment are identical and tasde is different
illustrate the circular flow of income of an open economy and explain the effects of various injections and withdrawal in the circular flow?
Question A hypothetical utility company has two facilities that are virtually identical. They are nuclear power plants and one is located in California and the second one in Fl
Explanation with critical appraisal
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