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Flashcards - CSET Business - International Economics

Flashcards - CSET Business - International Economics
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Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence the economy
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exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another
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current account
In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account
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current account
In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account
exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another
Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence the economy
tariff
A tariff is a tax on imports or exports
trade balance
The commercial balance or net exports , is the difference between the monetary value of a nation's exports and imports over a certain period
law of supply
The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied

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