« previous next »

Author Question: Name and briefly distinguish the two major balance of payment ... (Read 49 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?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo
Johannes Vermeer, Woman Holding a Balance. Johannes Vermeer, Woman Holding a Balance.
Classification of Antidepressants: Treatment of Major Depressive Disorder Classification of Antidepressants: Treatment of Major Depressive Disorder
Major marma point locations. Major marma point locations.
Major Types of Hydrogen Bonds Found in Biomolecular Interactions Major Types of Hydrogen Bonds Found in Biomolecular Interactions
Vitamin K plays a major role in blood coagulation, or clotting Vitamin K plays a major role in blood coagulation, or clotting
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library