CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be de fined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? It Answer: would be useful to examine a country’s BOP
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Assignment 1.1 Explain what is meant by: Diversity‚ Equality and inclusion Equality means that every human being is to be treated in the same way and once cannot differentiate between people‚ being cause of their faith‚ sexuality‚ nationality‚ gender or age. Everyone is to be treated fairly and equally. Each person has the right to be treated with respect and has the right to participate with others. Equality though does not mean identical treatment. To make each human being equally successful
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A Rousseau says‚ “Man is born free‚ and yet we see him everywhere in chains” (p. 458). In your own words‚ explain what he meant. Do you agree with Rousseau? Does his claim apply to todays society? Defend your answer‚ then discuss why you chose this topic. “Freedom discovers man the moment he loses concern over what impression he is making or about to make.” Can freedom ever be truly found or is it just a tool used to give people something to strive for. This is the question presented by
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BALANCE OF PAYMENTS Contents 1 Composition of the balance of payments sheet 1.1 Variations in the use of term "balance of payments" 1.2 The IMF definition 2 Imbalances 2.1 Causes of BOP imbalances 2.2 Reserve asset 2.3 Balance of payments crisis 3 Balancing mechanisms 3.1 Rebalancing by changing the exchange rate 3.2 Rebalancing by adjusting internal prices and demand 3.3 Rules based rebalancing mechanisms 4 History of balance of payments issues 4.1 Pre-1820: mercantilism 4.2 1820–1914:
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Discuss what is meant by sustainable competitive advantage Sustainable competitive is what all the companies want to gain it and maintain it‚ it can let the company to keep the position of market leadership and let the company be successful. Evans et al. (2003‚ p.225) states that “no advantage is sustainable for ever‚ as competitors will seek to imitate it. “It has told that a sustainable competitive advantage it should be unique and can’t be copy easily by the competitors‚ also Evans et
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Computers in Human Behavior 28 (2012) 129–142 Contents lists available at SciVerse ScienceDirect Computers in Human Behavior journal homepage: www.elsevier.com/locate/comphumbeh Mobile payment services adoption across time: An empirical study of the effects of behavioral beliefs‚ social influences‚ and personal traits Shuiqing Yang a‚ Yaobin Lu a‚⇑‚ Sumeet Gupta b‚ Yuzhi Cao a‚ Rui Zhang c a School of Management‚ Huazhong University of Science and Technology‚ Wuhan 430074‚ PR China
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What is meant by ‘Civil Society’ and is it a useful concept? Introduction Although the term “civil society” can be traced to ancient Greece‚ as Martin Shaw has explained‚ the modern concept of civil society originated from the philosophical and political thinking of the late eighteenth and early nineteenth centuries. At that time the thinking “began to distinguish systematically between the spheres of state and society” (Shaw‚ 1996: 296-278). The essence of the concept of civil society was its
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Balance of Payment Balance of Payment is the recording system of economic and financial flows that take place over a specified time period between residents and non-residents of a given country. The residents of a country compromise of the general government‚ individual‚ private and non- profitable bodies serving individuals and enterprises. The Balance of Payment will consist mainly with three sections. 1. Current Account- This shows all the inflows and outflows of a country. 2. Capital Account-
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v Describe what Montessori meant by’ New Education’ Dr. Maria Montessori is the creator for the Montessori Education Method for a new world who devoted her life to improve children’s education excellence. Her educational method is widely used in schools or at home for children 3 t0 6 years old. Maria Montessori lived through one of the traumatic time eras of the world history‚ which changed everybody’s lives including children. It was the time of anxiety‚ cruelty‚ death‚ family separation and
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What this case has to offer This case allows the students to apply the ethical theories of utilitarianism‚ deontology and virtue ethics to a real situation‚ although the names have been altered so not as to bias any discussion in class. On March 14‚ 2007 Chiquita Brands International entered into a plea agreement with the U.S. Department of Justice. Chiquita agreed to pay a $25 million fine after it admitted that it made payments to a terrorist organization for protection of its operations in Columbia
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