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Category: Economics
What are some obstacles to successful international economic policy coordination?  
Editor January 6, 2021 19:35
Here is a tip: In a globalized economy,international relations are very complex.The nature of such relations between countries vary from conflict to coordination. Explanation Several obstacles hinder successful policy coordination. (View full solution)
Category: Economics
What is meant by the terms policy agreement and policy conflict?  
Editor January 6, 2021 19:34
Here is a tip: Internal balance happens in an economy when unemployment and inflation is negligible. External balance happens when current and capital accounts deficit of the economy are zero. (View full solution)
Category: Economics
Under a system of fixed exchange rates and high capital mobility, is monetary policy or fiscal policy better suited for promoting internal balance? Why?  
Editor January 6, 2021 19:33
Here is a tip: Expansionary monetary policy results in an increase in money supply by the central bank whereas expansionary fiscal policy policy results in an increased government spending. Explanation (View full solution)
Category: Economics
What is meant by the terms expenditure changing policy and expenditure switching policy? Give some examples of each.  
Editor January 6, 2021 19:33
Here is a tip: The international economic policy has several instruments which are pursued by countries time and again to attain particular goals. Explanation Expenditure changing and expenditure switching policies (View full solution)
Category: Economics
What are the most important instruments of international economic policy?  
Editor January 6, 2021 19:32
Here is a tip: Governments can switch or change expenditure using fiscal and monetary policies. Explanation The international economic policy have several instruments which are pursued by countries time and (View full solution)
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