Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
The U.S. economy is an instance of a system characterized by: (1) Mixture of different aspects of various economic systems. (2) Strictly decentralized the decision making process. (3) Centralized ownership of resources. (4) Political decisions regarding all allocative
Determine the factors accountable for inflow of foreign currency? Answer: a) Foreigners buying home country services and goods via exports. b) Foreigners investment in home country via joint ventures and via
Supply of foreign exchange: (A) By exports of services and goods(B) Direct foreign investment in residence country(C) For approximate purchases by non-residents in the home country(D) Remittances
5. What are the factors responsible for the recent surge in international portfolio investment?
Explain all the approaches of Paul Samuelson.
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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