Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
INTERNATIONAL TRADE can be understood as follows
By the international trade, we signify the exchange of goods and services between different countries. For any individual country, trade is very much significant for number of reasons: the trade balance drives the BOPs and intensely influences foreign exchange reserves and the exchange rate; trade helps to determine the overall production and consumption of the possibilities in the economy (in the static and dynamic contexts both, as we shall see below); net exports are an important component of the aggregate demand, and hence the income and employment; and so on.
Interesting Facts about the World Trade are given below:
The Four interesting facts about the world trade perspective are:
i. The value of the world trade has increased 20 fold over the 1930-2000 periods
ii. On an average, the contribution of the country’s exports to its GDP has doubled from about 30% to 50% over the same period of time.
iii. Over the last 50 years, the share of world exports has changed from 50%-50% between the manufactured goods and primary products to 75%-25% in favour of the manufactures/producers.
iv. 50% of the world trade occurs between HICs, 14% occurs between LICs and the rest involves both HICs and LICs.
Q . Is it possible that if positive scale economies characterize an industry, that its equilibrium can be consistent with purely competitive conditions? Explain how this would hap
Q. What is the national income identity for a closed economy? Answer: Y = C + I + G.
Q. Discuss the main factors affecting the position of the AA schedule. Answer: Revolutionize in the domestic money supply changes in the domestic price level changes in
Role of foreign trade to the economic development?
Discuss the effects of ongoing inflation based on the PPP theory. Answer: Other things equivalent money supply growth at a constant rate eventually results in ongoing price le
What is the Fisher Effect? Provide an example. Answer: All moreover equal a rise in a country's expected inflation rate will ultimately cause an equal rise in the interest rat
Revisions of Conventional Trade Theory
Q. If scale economies were not only external to firms, but were also external to individual sites. That is, the larger the worldwide industry (regardless of where plants or firms
2. If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade and its economic welfare. Discuss. Answer: Suppose the Japan
Q. Using a figure, show that under full employment, a temporary fiscal expansion would increase output (over-employment) but cannot increase output in the long run. Answer: A t
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd