National currencies of foreign exchange market
Elucidate various national currencies of foreign exchange market?
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In a foreign exchange market, international trade can take place so that various national currencies are exchanged for one another. Mexicans want pesos, Germans want Euros, as well as Japanese want yen whenever they sell their products.
Illustrate how Macroeconomics examines the economy as a whole?
Illustrate the Goals of Mixed Economy?
A laissez-faire government is restricted to finding: (1) property rights within a simple fashion and to enforcing private contracts. (2) market prices which guarantee equitable resource allocations. (c) how resources will be allocated efficiently. (4)
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was
Adam Smith attributed unpredictable and frequent fluctuations within profits to: (i) variations in the prices of the goods a firm or person produces and sells. (ii) the bad or good fortune of rivals. (iii) the good or bad fortune of customers. (iv) tr
Micro economics and macro economics:Economic theory can be widely divided into micro and macroeconomics. The word micro means small and macro means big.In microeconomics, we deal
Elucidate the overview of Business Cycle?
Question: Ambrose consumes two goods, peanuts (x1 ) and a composite good (x2). He has a utility functionU = 4 √x1 + x2. This means his MU1 = 2/ √x1 an
Explain the statement: “Generalization and abstraction are nearly synonymous.”?
After agonizing regarding whether to buy a hot dog or a hamburger along with his last dollar while he goes to the fair, Jeeter at last chooses the hot dog. The hamburger shows Jeeter's: (i) normative choice, because it would be more nutritious. (ii) opportunity cost o
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