1. The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.
1. Current Account
2. Savings Account
3. Capital Account
4. Asset Account
Option “A” is correct The Current Account balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.
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1. Increase
2. Decrease
3. Constant
4. Double
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1. Lower rate of inflation
2. Higher rate of inflation
3. Lower interest rates
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(i) Differentiated products, but close substitutes for consumers so their demand curves are elastic
(ii) Homogeneous product, all goods are perfect substitutes for consumers
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2. (i) Monopolistic Competition, (ii) Pure Monopoly
3. (i) Pure Competition, (ii) Monopolistic Competition
4. (i) Pure Monopoly, (ii) Pure Competition
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1. Increase
2. Decrease
3. Constant
4. Double
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1. Current Account
2. Savings Account
3. Capital Account
4. Asset Account
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1. Country’s Income and Expense
2. Country’s Exports and Import
3. Country’s Tax Revenue and Expense
4. Country’s capital inflow and outflow
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