Do you think that the balance of economic power in the world has started to shift from west to east?

Q: Why does the decline in value of a certain currency cause imports to be expensive and exports…

A: Demand-pull inflation/demand-side inflation arises when the aggregate demand (AD) rises faster than…

Q: Economics As a nation we often talk about our pride in being “a nation of immigrants.” How does…

A: Answer: The sense of pride is applicable to Mexicana as Mexican Americans played role in American…

Q: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower…

A: Foreign trade pattern is depending upon many factors and it is not predictable.   The trade patterns…

Q: How would you define and explain the balance of payments, and how this concept affects the ability…

A: Global trade: It means the import and export of goods and services across international boundaries.

Q: Why is it important for the balance of payments to balance in the long run?

A: Balance of Payment of a country is the summary of all economic transactions of the country with the…

Q: If you observed a country with a rapidly growing trade surplus over a period of a year or so,would…

A: While trade deficit is not always harmful for country growth, thus, rapidly growing country in trade…

Q: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed…

A: ANS If the total amount of goods & services a country imports from other countries of the world…

Q: Is it possible for countries to achieve internal and external balance in their economies

A: The economies can experience the internal and external balance if they work according to the…

Q: In a recession, the trade balance often improves because

A: Recession is a term used to describe a slowdown in the economy that persists over a few months.…

Q: s it possible for countries to achieve internal and external balance in their economies ? Explain .…

A: Yes, it is possible for countries to attain external and internal balance.

Q: Define favourable and non favorable balance of trade

A: When exports are greater than imports,it would be known as favourable balance of trade.

Q: What is a trade deficit?

A: The trade deficit happens when there is a negative net sum or negative equilibrium in a worldwide…

Q: how do trade agreements affect the US economy?

A: Trade agreements are defined as contractual agreements between states or countries concerning their…

Q: fixes the price of foreign exchange below equilibrium?

A: Foreign exchange: It is the change of one nation's cash into another. In a free economy, a nation's…

Q: what specific kinds of domestic institutions leads to protectionism and liberalization?

A: Trade liberalization  has always bene one of the controversial topics and it has been opposite to…

Q: What is a free trade zone?

A: Free trade zones are a type of special economic zones which are free of fees related to trade like…

Q: How to calculate Balance of trade and the current account ?

A: Fares are products or administrations made locally and offered to an outsider. That incorporates…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: Just a couple of years after the economic crisis, Spain managed to reduce their trade deficit, was…

A: Spain applied a policy of depreciating the value of its currency, this makes the prices of goods…

Q: Who loses when a country imports cheaper goods from abroad?

A: In am economy, people generally make import of goods and services that are available at lower price…

Q: It is impossible that a country runs a negative trade balance over decades.  True  False

A: Balance of trade is a concept through which a country can always keep track of all its imports and…

Q: Why does the price of a Big Mac, in dollars calculated using market exchange rates, tend to rise…

A:

Q: Countries in Caucasus and Central Asia are no longer dependent on the Russian economy anymore after…

A: Central Asia experienced two huge social changes in the 20th century: first the execution of a…

Q: Why do economists often consider a nation's balance of trade an important indicator of national well…

A: The movement of products, services, capital, and technology between nations is referred to as…

Q: Should imports to the United States be curtailed by, say 20 percent to eliminate our trade deficit?…

A: The balance of trade refers to exporting and importing and, hence, evaluating the overall economic…

Q: What are the major components of trade balance

A: Trade balance, or balance of trade, is the term used to calculate the difference between a country's…

Q: In recent decades, has the US trade balance usually been in sede it, slurp is, or balanced?

A: The trade deficit is a situation in which the goods of other countries are given more priority than…

Q: What are the likely reasons of large trade deficit in Pakistan?  How would you compare the trade of…

A: 1 A trade deficit is an amount by which the cost of the country's imports exceeds its exports. It is…

Q: What do you think about the balance of economic power in the world that has started to shift from…

A: A shift in economic power refers to the shift in concentration and center of gravity of economic…

Q: Do you think a weaker China is better for the world?

A: Increasing GDP and the economy is the major goal for all the countries in the world. This is because…

Q: Trade blocs are good for economic well-being and countries should try to join them.” Do you agree or…

A: Trade Blocs Groups of countries that form trade agreements between themselves. It may be of…

Q: Why do we need foreign exchange

A: Foreign exchange is the trading of several nationwide money, currencies or departments of account.…

Q: Does the US import more ($ value) than it exports or does the US export more than it imports? Is…

A: The US imports more than it exports. In 2018, the US exports were, $2.5 trillion and US imports were…

Q: Why has trade grown much faster than GDP for almost all countries since 1950? Give 3 reasons

A: The value associated with all the final goods and services produced in an economy in a period is…

Q: The United States has been able to run international trade deficits, year after year, because

A: Increase in percentage of population that has attended colleges means increase in the general…

Q: Under what conditions will a larger budget deficit cause a trade deficit?

A: Budget deficit occurs when the government expenditure exceeds the government revenue. Trade deficit…