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Q. What types of international transactions are recorded in the balance of payment accounts?
Answer: Three kinds' transactions that involve exports and imports of goods and services transactions that involve exports and imports of goods and services and the purchase or sell of financial assets other activities resulting in transfer of wealth between countries that are recorded in the capital account.
Q. Discuss the values of private saving in closed and open economies. Answer: In the closed economy private saving Sp is equal to I + (G - T) and in an open economy private sav
opportunity cost version is an improvement over the classical theory of international trade?comment
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Q. Why do we observe the Leontief paradox? Answer: There are several possible answers that they may be categorized into three groups. One would argue that the theory or model
how to determine free trade for small country
Q. What explains the nearly universal scope of the Great Depression? Answer: The international gold typical played a central role in starting deepening and spreading the Great
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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Offer curves with example and explabation
Are tariffs harmful are necessary to maintain fair trade?
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