Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Expert
Exports of goods and imports of goods find out BOT. Whenever the value of exports of goods is bigger than the value of imports of goods.
I have a problem with the satement “Things will look excellent for the US if we could just get to where we are consistently executing a positive Balance of Payments.” Can someone in short comment on this statement?
market structure and price-output determination
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I NEED TO UNDERSTAND MORE ABOUT PRODUCTION POSSIBILITY FRONTIER
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
‘The country has a floating exchange rate and its inflation rate is much higher than its trading partners. Why we would suppose the country’s exchange rate to deflate?’
safeguard against the crisis of confidence in system explain
If a Hawaiian can produce 50 bushels of either potatoes or pineapples per acre, whereas an Idahoan manages just 3 bushels of pineapples or 30 bushels of potatoes per acre, then: (1) Idaho’s absolute drawbacks prevent gains from specialization and exchange. (2) T
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
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