What are the dependencies in U.S. and World Trade
What are the dependencies in U.S. and World Trade?
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1. U.S. depends on imports for many food items (bananas, coffee, tea, spices); raw silk, diamonds, natural rubber, much petroleum.
2. On the export side, agriculture relies on foreign markets for one-fourth to one-half of sales; chemical, aircraft, auto, machine tool, coal, and computer industries also sell major portions of output in international markets.
Evaluate and explain the statements: “Market is its own guardian implies that there really is an invisible hand or taskmaster that watches over the decision makers in the marketplace”
Illustrate Competition among buyers and sellers is a controlling mechanism?
Mutually beneficial exchange is probable whenever relative production costs vary previous to trade, is a manner to state the law of: (1) Positive profits from trade. (2) Comparative benefit. (3) Specialization and Division. (4) Purchasing power parity
Question: If a government pegs the value of its currency to another currency, the government must stand ready to i. _________________________ the "hard" currency to defend the pegged value of its own currency. ii.
Describe the types of multiplant firms?
Illustrate Rational Behaviour of Economic Perspective?
Describe GDP gap and Okun’s Law?
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Write down the importance of Price Earnings Ratio?
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