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In a day of production, firms in angola can produce 200 liters of oil or 10 kilograms of tungsten. Firms in Namibia can produce 160 liters of oil or 60 kilograms of tungsten. Which
HOW TERMS OF TRADE IS DETERMINED
how is exchange rate determined.
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Opportunity cost theory
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Q. Analyze the effects of an increase in the European money supply on the dollar/euro exchange rate. Answer: The major points are: A raise in the European money supply will re
illustrate the circular flow of income of an open economy and explain the effects of various injections and withdrawal in the circular flow?
Postwar trade theory
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