Question
What is by meant Balance of Trade?
Solution
The difference between exports and imports is known as balance of trade.
What is by meant Balance of Trade?
The difference between exports and imports is known as balance of trade.
Write a short note to explain the effects of the following:
The British government’s decision to abolish the Corn Laws.
Write a short note to explain the effects of the following:
The coming of rinderpest to Africa.
The death of men of working-age in Europe because of the world war.
The Great Depression on the Indian economy.
The decision of MNCs to relocate production to Asian countries.
Give two examples from history to show the impact of technology on food availability.
What is meant by the Bretton Woods Agreement?
Imagine that you are an indentured Indian labourer in the Caribbean. Drawing from the details in this chapter, write a letter to your family describing your life and feelings.
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
Explain the causes of Great Depression.
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