« previous next »

Author Question: Name and briefly distinguish the two major balance of payment ... (Read 10 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 29, 2018
Name and briefly distinguish the two major balance of payment components.

Question 2

What is elasticity of demand?


Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

The two major balance of payment components are current accounts (which include the purchase of goods and services) and financial and capital accounts (which include financial transactions such as loans, stock purchases, or the buying/selling of companies).

Answer to Question 2

Elasticity of demand describes the relationship between changes in a product's price and the demand for that product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Major Veins and Arteries of the Neck Major Veins and Arteries of the Neck
Major structures of the brain. Major structures of the brain.
Major Events in the History of Psychology Major Events in the History of Psychology
Classification of Antidepressants: Treatment of Major Depressive Disorder Classification of Antidepressants: Treatment of Major Depressive Disorder
Major muscles of the abdomen. Major muscles of the abdomen.
The Concept of Water Balance The Concept of Water Balance
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library