scope, International Economics

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what is scope of international economics

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Q. What are the main functions of money? Answer: Money serves generally three important functions that are a unit of account, a medium of exchange and a store of value.

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Q. Explain why the distinction between debt and equity finance is useful in analyzing the response of developing countries to unforeseen events such as recession or terms of trade

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It is argued that a tarriff may help promote employment in a single industry, but is not likely to help employment in general

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