Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
Peanut butter, jelly sandwiches and tuna fish sandwiches are replacements. Assume an international agreement decreased the worldwide catch of tuna by half. The equilibrium price of grape jelly would be: (1) Increases while the equilibrium quantity is reduced. (2) Drop
Explain the Economic environment in Australia and Internationally and their factors which affect them?
Fixed exchange rate system (or pegged exchange rate system): This is a system in which exchange rate of a currency is fixed by government. This system makes sure stability in the foreign trade and capital movement.
5. What are the factors responsible for the recent surge in international portfolio investment?
The professor wants to narrow it down to one or two wars that have affect global economies.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
The French phrase ‘laissez-faire’ almost translates as: (1) Enjoy your leisure. (2) Let the buyer be cautious. (3) All other things held steady. (4) Leave us alone. (5) Labor is a source of all the value. Q : Define foreign exchange Define foreign Define foreign exchange: It is the currency other than domestic currency.
Define foreign exchange: It is the currency other than domestic currency.
The balance of payment account (BOP) account is the statement of each and every economic transaction which takes place between a nation and rest of the world throughout a particular period. BOP account generally comprises of (a) Current account and (b
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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