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Discover how Terms of Trade (TOT) serve as a vital economic indicator and learn the ins and outs of how it's calculated to help boost your economic strategy.
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Discover what imports are, how they function in international trade, and the impacts they have on economies across the world. Learn about key players, trade agreements, and real-life examples.
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Explore the concept of Dutch Disease, its symptoms, origins, and notable examples impacting global economies.
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Discover the concept of leakage in economics, how it affects the flow of income within an economy, and the various scenarios and sectors where it is observed.
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Dive into the concept of Marginal Propensity to Import (MPM), its role in macroeconomics, and how it influences global trade.
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Explore the concept of trade deficits, their calculations, advantages, and disadvantages. Learn about real-world examples and how trade deficits affect employment and economic growth.
