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  3. 26. explain how balance-of-trade equilibrium is ma

26. Explain how balance-of-trade equilibrium is maintained under the gold standard. 27. Illustrate it your explanation with...

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Economics

26. Explain how balance-of-trade equilibrium is maintainedunder the gold standard.
27. Illustrate it your explanation with an example
28. What are the arguments that favor a floating exchange ratesystem against a fixed exchange rate system.?
29. How can international companies reduce their economicexposure in a world of constantly fluctuating exchange rates?

Answer & Explanation Solved by verified expert
3.9 Ratings (498 Votes)
26 and 27 A country is in balanceoftrade equilibrium when the income its residents earn from exports is equal to the money its residents pay to other countries for imports Under the gold standard if a country A has a trade surplus there will be a net flow of gold from the country B to A These    See Answer
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