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.
Critically evaluate: “In comparing the two equilibrium positions, it note that a larger amount is actually purchased at a higher price. This disprove the law of demand.”
The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value. Q : Demand forecasting consumer's interview consumer's interview method for demand forecasting(point to point explain)
consumer's interview method for demand forecasting(point to point explain)
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Explain the statements: The market system not only accepts self-interest as a fact of human existence.
Over the long-run the speculators activities are tend to: (1) decrease the volatility of prices. (2) attract legal attention and result in imprisonment. (3) increase the level and volatility of prices both. (4) yield tremendous profits and raise costs
Explain: “Exchange is the necessary consequence of specialization.”
Elucidate types of unemployment?
In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : What are patent rights Patent rights : Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
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