Q: What are foreign exchange markets? Why does the State Bank of Vietnam intervene in the foreign…
A: When economies are open to trade, they interact in international market at a specific exchange rate.
Q: Why is the IMF considered as being controversial?
A: International Monetary Fund (IMF) is an apex financial institution that works on a global level to…
Q: Graphically illustrate the equilibrium of an open economy. Discuss also the off-the equilibrium…
A: Open Economy: The economy will be considered as an open economy if it transects with other…
Q: Give an example of one argument why a country might not to join a common market
A: The nations all over the world are involved in the trading practices with each other. The…
Q: What is a single currency?
A: Currency is a kind of payment used to buy and sell goods and services. In a nutshell, it's money…
Q: Is globalization and open economy is still the best way for USA economy?
A: Globalization and an open economy are still the greatest strategies to grow the economy in the…
Q: Which of the following is a common measure of degree of 'openness of an economy'? (a) Exports and…
A: An open economy represents that economy that establishes contact with the rest of the world in terms…
Q: Has Egypt received any funds from the World Bank and/or the International Monetary Fund? If yes,…
A: Funds are amounts of money which are available in order to be spent, especially money which is being…
Q: What difficulties has Russia encountered in its move from a command economy to a market economy?
A: Before the 1990s the Russian economy was operated as a command economy where all the means of…
Q: The existence of money makes trade easier. How is it that money can also increase the standard of…
A: Before the presentation of money, there existed barter system in which individuals used to exchange…
Q: Discuss three (3) benefits that a country could experience as a result of having a closed economy
A: Introduction closed economy is an economy which has no trade relations with the rest of the world.…
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: How does an open economy versus a closed economy impact government policy decisions?
A: There are two types of economies: 1. Open economy 2. Closed economy
Q: What would happen to our living standards if the country we lived in became a closed economy?
A: Closed economy: - A closed economy is one that does not trade with the rest of the world in other…
Q: What do you mean by balance of trade?
A: There must always be a systematic record of all the transactions which are taking place between the…
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: In an open economy, an increase in the tax rate will:
A: Open economy Open economy refers to the economy of a nation which may engage in trading with the…
Q: How does Exchange Rate Effects the economic and financial structure of a Firm within their work…
A: The exchange rate is the rate of conversion at which one currency is exchanged with another…
Q: Why is an open economy better than a closed one?
A: A closed economy is when all the produced goods and services are consumed by domestic households,…
Q: Which of the following is TRUE of an open economy? O GDP = C+ I+G+X-IM O GDP = C+ I+G O GDP = T-…
A: Answer in step 2
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: explain five advantages of an open economy
A: Open Economy Economic system in which goods and services are traded with other countries without…
Q: What does it mean by "monetary and fiscal policies in a closed economy" when pertaining to…
A: Monetary and fiscal policy are the two main macroeconomic tools that the government can use to…
Q: Discuss the Macroeconomic Policy Goals in an Open Economy
A: Open economy: An capitalist form of economy is considered to be an open economy where the demand and…
Q: The country of Cincinnatisland (country C) joins country B to form a large open economy, while…
A: f. At equilibrium level Saving (S) = Investment (I) Given SC = 50 + 200r IA = 80 - 200r
Q: How do changes in exchange rates affect international trade?
A: The exchange rate is determined by the demand(DD) & supply(SS) of currency. It is an important…
Q: Why a certain country must have its own economy policy
A: An economy is an amalgamation of all the economic, socio, institutional, financial, and many such…
Q: What is an open economy, and what are its importance and advantages when implemented?
A: OPEN ECONOMY : Open economy is not the one which is not only involved in the process of production…
Q: What is the role of GATT in International Business?
A: International Trade is defined as the exchange of goods and services between two or more countries.…
Q: What are the sides of the capital markets?
A: We are going to discuss the structure of capital markets to answer this question.
Q: Does an open economy have better impact than closed economy? How? In what aspects? 250 words
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: How a weak currency positively affect the economy?
A: Currency refers to a medium of exchange for goods and services. It is basically money that can be…
Q: what is open economy? And in (New Zealand) open economy is possible?
A: Introduction Open economy is the economy which has economic relations with other countries of the…
Q: In relation to a country's economy, the more a country imports and the worse the current account…
A: Current account:- it is a record of a country's transactions of goods and services, net earnings on…
Q: Which nations have a nonconvertible currency?
A: Non-convertible currency: A non-convertible cash is one that is utilized principally for homegrown…
Q: What is more important, a country’s current account balance or GDP growth? Why?
A: The concept of the current account balance is narrow as compared to the concept of the GDP. The…
Explain only one difference between the closed and open economy?
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Solved in 2 steps
- What are the assumptions in the small open economy.vs closed or largeopen? What would be an example country today?Countries in Caucasus and Central Asia are no longer dependent on the Russian economy anymore after the collapse of the Soviet Union. Is it true or false? Please explain why.Is globalization and open economy is still the best way for USA economy?