Discuss how nations use expenditure-changing policies and expenditure-switching policies to achieve overall balance. Support your answer by UAE as example.

Q: how can countries attain/account for trade equilibria when involved in trade transactions?

A: Getting involved in trade transactions means trading in the goods and services with the rest of the…

Q: In your own words, explain "Nobody is in charge of Globalization"

A: Nobody is in Charge of Globalization   Market globalism's deterministic language offered its…

Q: What are the major issues with regard to trade imbalances for low- and middle-income countries?

A: Trade imbalances: The negative balance of trade shows the trade deficit which means that the country…

Q: Why is per-capita income NOT always the best indicator of an emerging market's potential? What does…

A: Managers frequently examine aggregate country data, like GNI or per-capita GDP, represented in terms…

Q: How does globalization directly/indirectly affect the GDP of a country

A: The measure that depicts the value of goods and services being produced in a country during a…

Q: Why is the bilateral trade balance not necessarily a good measure of the trade relationship between…

A: The bilateral trade stability, which measures the difference between the value of goods and services…

Q: Using an AD/AS diagram, demonstrate what happens when foreigners buy more American goods?

A: AD-AS model is used to determine equilibrium real GDP and price level in the economy.

Q: How might governments impact globalization

A: Government is one who makes decision o various political and economic aspects for the citizens of a…

Q: According to George Ritzer, globalization is a contested and slippery concept. O True False

A: Globalisation is the integration of domestic markets with global one . Where flow of goods capital ,…

Q: Give two arguments each for and against globalization. What is your conclusion and why? Short answer…

A: The mechanism through which the world is becoming more integrated as a result of greatly expanded…

Q: How does a country go through “withering” because of globalization?

A: Globalization implies the rising interaction and interdependence of economies all over the world. It…

Q: How big are exports and imports as a percentage of current GDP?

A: Total national output (GDP) is the gross market value of the total goods and services produced…

Q: What is the role of governments in the globalization debate?

A: Globalization plays a n important role in the growth of an economy and government plays an…

Q: why is the recovery of global economy, especially the Euro Zone, so important to the South African…

A: Economy can be democratic or it can be under dictatorship or it can be communist. For example United…

Q: define or describe globalization without being anchored/biased to the definitions of political…

A: The term "globalization"  basically refers to the speed with which global movements and the…

Q: How is globalization changing the overall balance of power between states and citizens?

A: Globalization plays changed the part of the state in numerous ways: politically through reliance and…

Q: In the previous problem, do we have a trade surplus or trade deficit?

A: Gross domestic product (GDP) is the standard computation of the value added created through the…

Q: Who are the winners and who are the losers in globalization? Is there a net gain of winners over…

A: The term globalization refers to the process of interaction and integration between people,…

Q: What is the positive and negative of globalization? What will happen if the global

A: To find : Positive and negative of globalization.

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…

Q: In what way does comparing a country’s exports to GDP reflect its degree of globalization?

A: Globalisation is the process of integration and interaction among companies,people and governments…