What is the Current Account and what does it indicate about a country's trade? The current account is a country's trade balance plus net income and direct payments. The trade balance is a country's imports and exports of goods and services. The current account also measures international tra...
B Price operates in the markets for both goods and factors of production. C Price recognises consumers’ ability to pay rather than consumers’ needs. D Price signals to producers which goods are most profitable. 12 What is meant by consumer surplus? A the amount of money that remains after...
I don’t want to focus here on what is the best way to do retirement income policy (let alone the political feasibility of different models). One can mount arguments for a variety of different models. But my focus is on overall macroeconomic performance and outcomes, and my starting point ...
There are two lessons from the Tax Foundation’s video about what happened in the late 1700s in France. First, the French government (some things never change) was being a “stationary bandit” that got too greedy for its own good. Second, as Voltaire wisely observed, it is immoral and ...
Current account imbalances do matter and they can be a problem. But this speech argues that this centrality is not that helpful in understanding how the global economy works, especially in a world of free and huge capital flows. And it may even lead to the wrong policy prescriptions, ...
3)Which major actor is at the center of the foreign exchange market? A) corporations B) central banks C) commercial banks D) non-bank financial institutions E) None of the above. Answer: C 4)What is the expected dollar rate of return on euro deposits with today's exchange rate at $1....
The goals of economics are nothing less than to understand how and why we do what we do: how do we allocate, distribute and consume resources? Browse Investopedia’s expert-written library to learn more.
current account (CA) deficit is of historical dimensions. Figure 1 shows the development in the current account in pct. of the gross domes... UO Copenhagen 被引量: 5发表: 2004年 U.S. current account deficit: causes and consequences : a speech at the Economics Club of the University of ...
The goals of economics are nothing less than to understand how and why we do what we do: how do we allocate, distribute and consume resources? Browse Investopedia’s expert-written library to learn more.
Microeconomicsis the study of economic tendencies, or what’s likely to happen when individuals make certain choices or when the factors of production change. Just as macroeconomics focuses on how the aggregate economy behaves, microeconomics focuses on the smaller factors that affect choices made by ...