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which book by adam smith explains the absolute advantage ?
Explain why the exchange rate model based on PPP is a long-run theory. Answer: PPP theory is a financial approach to the exchange rate. It is a long-run theory for the reason
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
who looses from tarrif and quota?
Critical evaluation of Adam Smith''s Theory. Outline of its purest form. What is its critism?
who promotes globalization
What is trade under decreasing opportunity cost?
Why Adam Smith theory cannot be applicable?
what you do understand by the term effective rate of protection
Q. A naïve implication of the DD - AA framework is that either fiscal or monetary policy can lead to full employment. Discuss why this view is naïve. Answer: 1. Inflation m
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