Define balance of payment or BOP
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Peanut butter, jelly sandwiches and tuna fish sandwiches are replacements. Assume an international agreement decreased the worldwide catch of tuna by half. The equilibrium price of grape jelly would be: (1) Increases while the equilibrium quantity is reduced. (2) Drop
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Who rediscovered Bachelier’s thesis?
Identify the key challenges to india's economic development. To what extent the second generation reforms will tackle the current challenges of india's development
safeguard against the crisis of confidence in system explain
Question 1 Household Tools Co. is a manufacturer of microwave ovens. The manufacturer wants to increase the shelf life of their products. Past records indicate that the average shelf life of their microwave ovens is 240 days. After a new line of microwave ovens has been d
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
Who was responsible for setting the tone for following generations of economists?
Autonomous or public investment: It is a type of investment that is not of profit motivated.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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