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describe cartel and commodity agreement
Q. Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets. Answer: For instance If the U.S price level increase
Explain the Global Firms and the Borderless Global Economy
Q. How did the international monetary system created at Bretton Woods in 1944 allow its members to reconcile their external commitments with their internal goals of full employment
what is the criticism of opportunity cost
illustrate the circular flow of income of an open economy and explain the effects of various injections and withdrawal in the circular flow?
difference between classical and neo classical theory of international trade.
why is international trade important for south africa
describe the U.S role in the world economy
Q. Describe the crisis in Russia starting from 1989. Explain why? Answer: Must emphasize lack of tax collection, legal system, corruption, organized crime, inflation, seigni
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