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Balance of Trade
A country's present account reflects a money drain when exports exceed imports. The net distinction in-between the dollar value of a world imports and exports over a period of time. Although the balance of trade plays a most important role in establishing national trade policies, it has little effect on organizations fortunes, other than as a long-term indicator of present's stability.
Consider the above table. Assuming the government imposes a price floor on garbanzo beans of $8, what would be the likely result? a. no change, equilibrium would prevail b. T
Absolute income hypothesis
Your firm usually uses about 200-300 tons of steel per year. Last year, you purchased 100 tons of steel than needed (at a price of $200 per ton) In the meantime, the price of steel
Aggregate demand and Say's Law Y D = Y S in the classical model (Say's law) Aggregate demand Y D is defined as quantity of nationally produced
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