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using diagrams, corden''s theory of customs union under conditions of oligopoly and within the existence of external economics of scale.
Q. Why do governments prefer to avoid current account deficits that are too large? Answer: A current account debit may possibly pose no problem if the borrowed funds
Q. What are the main lessons economists learned from the developing country crisis? Answer: 1. select the right exchange rate regime. 2. The central significance of
The Arguments for Flexible Exchange Rates
WHAT ARE THE ROLES OF FOREIGN TRADE IN ECONOMIC DEVELOPMENT
what do you understand by (reciprocal demand)offer curve
Q. Even though it is very clear in the context of the Specific Factors model that an expansion of international trade will make losers as well as winners, economists still claim t
Q. Discuss the relationship between PPP and the Law of One Price. Answer: The law of one price is applies to individual commodities while Purchasing Power Parity appli
what is the current economic situation in the world?
Explain about constant,increasing and decreasing opportunity cost
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