Slide 1 Did You Know? Slide 2 Importing ◦ Buying products from entities in other countries Exporting ◦ Selling products to entities in other countries ◦ Trick…
Slide 1 Slide 2 What is Current Account Transaction? The current account, is one of the two primary components of the balance of payments The current account is the sum of…
LECTURE 7: INTERNATIONAL TRADE COMPARATIVE ADVANTAGE AND PROTECTIONISM International Trade All economies, regardless of their size, depend to some extent on other economies…