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Q. Explain why it may make sense for the United States, Japan, and Europe to allow their mutual exchange rate to float?
Answer: Even though these regions trade amid each other the extent of that trade is modest compared with regional GNPs as well as interregional labour mobility is low.
what is the diffrent between inter-industry trade and intra industry
tion..What is the range of gross barter terms of trade ?
describe the U.S role in the world economy
It is argued that a tarriff may help promote employment in a single industry, but is not likely to help employment in general
construct a production possibilities frontier that represents japan''s goal of producing both cars and housing. Assume the japanase economy is in a downtyrn and indicate with an Xt
explain the source of foreign capital
What does SRC stand for?
Q. Explain Tobin's idea of "Don't put all your eggs in one basket." Answer: The idea of diversification advanced with Tobin in his Attitude Towards Risk as well as Por
When asked by the Carnegie Commission to prepare a report on post war Preferential Trading Agreements, Viner (1950) pointed out that they are not free trade. He used the concepts o
critically examine the effects of tariffs on the level of employment and income distribution.
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