What are the critical assumptions of the price-specie-flow mechanism? What happens to the trade balance in a

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What are the critical assumptions of the price-specie-flow mechanism? What happens to the trade balance in a surplus country if the demand for traded goods is price inelastic? Why?

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:18 AM

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What are the critical assumptions of the price-specie-flow mechanism? What happens to the trade balance in a

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International Economics

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