Define fixed exchange rate
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Assume that many people are willing and capable to pay greater than production costs for certain goods however pervasive shortages exist. International agreements or domestic laws and policy are most likely key factors if we consider sustained scarcities in ma
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
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Why foreign currency or exchange is required? Answer: a) To buy services and goods from other countries. b) To send a gift abroad. c) To buy financial assets in a specific country and d) To contem
5. What are the factors responsible for the recent surge in international portfolio investment?
Who won the Nobel Prize for Economics in 1997?
Find a recent survey about a trade policy issue and assess it, examining the structure of the questions and the target audience. Verify the sample size, assess the methods used to administer the survey and analyze results, identifying the confidence around the results
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.
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Autonomous or public investment: It is a type of investment that is not of profit motivated.
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