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In theory, in says
current account + capital account should = O.
This mean that if current account is surplus, the capital account should be deficit. I don’t understand why.
for examples,
a country that export>import ( current surplus), doesnt mean that it need to invest in other country than in their one ( capital deficit).
for examples, thailand export more than it import, and invest in other country less than thailand do in other which makes both of the account surplus surplus.
so, is this possible? and can both of the account be deficit?
thankyou
What are the arguments of the promoters of regional trade integration as a stepping stone for multilateralism?
What has been the role, if any, of the WTO in containing protectionism during the 2008-09 crisis? What is the available evidence of this role?
Explain why a person who normally is a light eater at a standard restaurant may become somewhat of a glutton in an all-you-can-eat for a single price buffet-style restaurant. Use economic principles in your analysis.
Hello Kuda
Production function explains relationship between input and output of production. In production function we examine different inputs for minimize the cost for same level of productions. There are variable proposition and return to scale under production function.
Law of variable proportion is study of relations between input and output when one source (factor) varies and others remain stable.
We examine effect on productivity when one quantity of one factor increased and other remains same. In general , law predicts if a factor of production is increased and other factors remain stable, after one point its marginal productivity starts decreasing.
On the other hand return to scale is study of inputs and outputs when portion of factors is not changed, their level of production is increased. This show when production level is increased from certain level cost of production starts decreasing.
how the term of trade affects the current account ?