How is offshoring of services different from past trade patterns?
What will be an ideal response?
Services were consumed where they were produced and not traded.
Economics
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If the current price of a bond is equal to its face value,
A) there is no capital gain or loss from holding the bond until maturity. B) the yield to maturity must be greater than the current yield. C) the current yield must be greater than the coupon rate. D) the coupon rate must be greater than the yield to maturity.
Economics
Firms that make game systems like Playstation and Nintendo typically charge a price close to average cost on the game system itself, and do not change that price even when the systems are scarce or demand increases
Why might this be a profit-maximizing strategy?
Economics