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Why Adam Smith theory cannot be applicable?
What are the predictions for the long run of the Monetary Approach? Answer: Money supplies- Known the equations
review the general equilibrium conditions under autarky and given free trade using the opportunity cost theory of trade
explain the product cycle theory in international trade
derive the eqilibrium equation for the trade balance
Q. Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible. Answer: Since specie inflows drive up domestic prices and restore symmetry in
what is meant by country specific advantage?
Q. Why did the EU countries move away from the EMS toward the goal of a single shared currency? Answer: 1. To produce a superior degree of European market integratio
Q. What do you think about dollarization? Answer: The respond is almost certainly a bad idea unless in the very short run. It must talk about the loss of seigniorage a
using diagrams, corden''s theory of customs union under conditions of oligopoly and within the existence of external economics of scale.
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