What led to the Third World debt?

Q: The following table shows the approximate value of exports and imports for the United States from…

A: Balance of trade or trade balance represents the difference between the values of export and import.…

Q: How big is the trade deficit relative to overall GDP?

A: The gross domestic product (GDP) is a standard measure of the value added created by the production…

Q: What problems can devaluation cause in the economy?

A: The devaluation is the process of official lowering of the value of the currency of the economy. For…

Q: import and export?

A: Imports are the goods and services, purchased from the rest of the world by a country, rather than…

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 combination of fiscal and monetary policies do you think it will take for The United States to…

A: Fiscal policy combination of increase in taxes and decrease in public spending would be required to…

Q: How does the ministry of the future book concentrate on United States and the rest of the world

A: Environmental economics delves into managing environmental quality and natural resources amidst…

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: You have just been hired by the U.S. government to analyze the following scenario. Suppose the U.S.…

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: A country that is spending more than it makes a- unstable b- trade balance c- trade deficit c-…

A: The country's commerce and economic activity can be measured by looking at the balance of trade. It…

Q: Write a top 10 list of the 10 most important things to know about  Globalization.   Write a…

A: Globalization refers to the spread of technology, information, jobs across nations. It can also be…

Q: What is the 'revolving door' of aid and capital flight? How do Ndikumana & Boyce claim that Africa…

A: The revolving door is the concern with job switching from public to private or private to public and…

Q: If a country is a big exporter, is it more exposed to global financial crises?

A: Global financial crisis: - it refers to the state of unrest in the global financial market like a…

Q: How can the United States improve trade deficit? Give three solutions.

A:

Q: Why do businesses pursue international expansion beyond their domestic markets?

A: Companies go international because they want to expand their operations beyond domestic markets such…

Q: What is a foreign trade deficit or surplus? How does this affectinterest rates?

A: Foreign trade refers to the trade between two or more countries and trade includes the services of…

Q: Any goods, raw materials, or services that are produced in one country and then sold to another…

A: This is a common practice from the history.