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1.    Explain the importance of international trade to an open economy such as the UK 

 

2.    a) Define Comparative Advantage, Absolute advantage and Terms of Trade & Exchange Rate

 

 

 

b) Assess the significance of comparative advantage, absolute advantage, the terms of trade and exchange rates to the UK economy

 

 

 

3.    Assuming that the balance of payment of an imaginary country comprises the following main items (all figures in millions of £): exports of goods 400; imports of goods 500; government (invisibles) -150; other invisibles +200; investment and other capital flows -45.

 

 

 

                  Describe the structure of the balance of payments and calculate the:

 

    1. Visible trade balance,
    2. Current balance and
    3. Balance for official financing.

 

 

 

4.    What is Surplus and Deficit in an economy?

 

 

 

a.    Explain the terms ‘surplus’ and ‘deficit’

 

b.    Explain the significance of long-term deficits to open economies

        

Assignment 3

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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More Assignment 3: Questions & Answers

Q

An Analysis of Customer Loyalty Schemes in Luxury Hotels: A Case Study OF Siam Kempimski Hotel In BA

The section that is need is: 3.1 Introduction 3.2 Philosophical Considerations 3.2.1 Quantitative Research 3.2.2 Qualitative Research 3.2.3 Difference between qualitative research and Quantitative research 3.3 Methodological Appropriateness 3.3.1 Research Philosophy 3.3.1.1 Positivism 3.3.1.2 Realis ...

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Q

Hotel Escargot Management

As a consultant hired by the Hotel Escargot management team, you have been asked to collect data on the three main areas of focus (check-in, check-out, and hotel offerings) and graph the data to identify any issue occurrences. Use the hotel information provided here. Collect the data, create graphs ...

View Answer
Q

Management

Provide Snapchat's competitor identification and analysis - Evaluation of strategic positioning (perceptual maps required) - Identification of potential market opportunities (recommendation have to be research based)  ...

View Answer
Q

Critical Thinking

Your employer has asked you to prepare a plan to terminate the health insurance coverage your company provides and move employees to the health insurance exchange so that they can make their own healthcare purchasing decisions. Discuss the advantages and disadvantages of this proposed plan and outli ...

View Answer

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