Question
Question 5:7.5 A)What is Net Export (NX)? How to calculate NX? What do you think would happen to Bangladesh's net exports if the following situations
Question 5:7.5
A)What is Net Export (NX)? How to calculate NX? What do you think would happen to
Bangladesh's net exports if the following situations happen -
a. India experiences a recession
b. Bangladeshi consumers decide to be patriotic and buy more local products
c. Prices of goods produced in India rise faster than prices of goods produced in Bangladesh.
B)One of the principles of Economics is that - "Trade can make everyone better off." How do you think this would apply on a Closed Economy and an Open Economy? Discuss the impact in details.
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
