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tarasen57 tarasen57
wrote...
Posts: 536
3 years ago
Under fixed exchange rates balance of payments problems will NOT be caused by

▸ faster growth.

▸ improvement in the terms of trade.

▸ higher inflation in this country than in other countries.

▸ the income elasticity of demand for imports being higher than the income elasticity of demand for exports.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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rand22rand22
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Posts: 405
3 years ago
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tarasen57 Author
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3 years ago
Thanks for your help!!
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Helped a lot
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