Boost in Economic Growth

Increase in the import and export of goods and services

Increased employment and skill levels

All of these

Banking

Atomic energy

Pharmaceutical

Insurance

the construction of a new auto assembly plant overseas

the acquisition of an existing steel mill overseas

the purchase of bonds or stock issued by a textile company overseas

the creation of a wholly owned business firm overseas

Different paths of business cycle.

The income elasticity of demand or price elasticity of demand is different.

long-run changes in an economy

Both (a) and (b)

merchandise trade account

services account

unilateral transfers account

capital account

Transactions of goods are recorded.

Transactions of both goods and services are recorded.

Both capital and financial accounts are included.

All of these

visible items only

invisible items only

both visible and invisible items

merchandise trade only

decreasing customs duties

increasing export duties

stimulating exports

stimulating imports

More

Less

More or Less

Not more than

Ratio of goods exported and imported

Ratio of import duties

Ratio of prices of exports and imports

Both (a) and (c)

Jacob Viner

G.S.Donens

Taussig

J.S.Mill

Export x Import

Export + Import

Export - Import

Exports of services only

Fixed exchange rate

Flexible exchange rate

Constant

Government regulated

money market

foreign exchange market

stock market

capital market

Some nations prefer to produce one thing while others produce another

Resources are not equally distributed among all trading nations

Trade enhances opportunities to accumulate profits

Interest rates are not identical in all trading nations

Trade restrictions

Immobility of factors

Different government policies

All the above

The stage of development of a product

The relative price of factors of productions.

Government.

All of the above.

External

Internal

Inter-regional

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