Exchange Rates and the BOP

FINALLY: EXCHANGE RATES AND THE BALANCE OF PAYMENTS!!!!!!!!!!!!!! Okay- final bit, and then we can all write our exams and promptly forget everything we ever needed to know about economics! =D What is a balance of payments? It's a summary account of...

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Trade Policy

This chapter looks at the policies which either facilitate or impede free trade in the world! As economists, we usually are in favor of free trade. We recognize that free trade offers many benefits to different countries! Why is free trade a good idea?-The...

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