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 both nominal and real GDP are increasing when the money supply is constant, than we can conclude that
A) velocity has increased. B) interest rate has fallen. C) velocity has decreased. D) interest rate has increased.
Economics
If banks cannot lend all of their excess reserves,
a. the potential money multiplier increases b. the actual money multiplier decreases c. the potential money multiplier decreases d. the amount of loans by the bank increases e. demand deposits decrease
Economics