Describe what is a J Curve?
What will be an ideal response?
The time lag with which real currency depreciation improves the current account. The current account is measured in terms of domestic output, and can drop quickly right after real currency depreciation because most import and export orders are placed several months in advance. In the first few months after the depreciation, export and import volumes therefore may reflect buying decisions that were made on the basis of the old real exchange rate.
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To draw your budget line between steak and lobster, all you need to know is the price of a steak and the price of a lobster
Indicate whether the statement is true or false
As of 2008, the members of the WTO account for what percentage of world trade?
A) 3 percent. B) 23 percent. C) 57 percent. D) 97 percent
Which of the following does not describe the World Bank?
a. an economic development institution b. affiliated with the United Nations c. offers low-fee checking accounts to anyone in the world d. estimates output per capita figures e. uses output per capital figures to classify economies
________ is the property of an entity whose individual units are interchangeable.
A. Representativeness B. Progressivity C. Availability D. Fungibility