Country X believes that country Y is selling steel at prices below the average cost of production. So, country X imposes a higher tariff on steel imports from country Y. What does country X hope to achieve by imposing this higher tariff?

Which item would appear as a credit item in Pakistan's current account of the balance of payments?

A government may use customs barriers to restrict free trade. What is an economic reason for doing this?

After more than 70 years of production, a German car manufacturer, Volkswagen, has decided to locate the production o…

In the first six months of 2011 a construction company, Morgan Sindall, saw its profits fall. Part of the reason was …

A government wants to reduce basic food prices without making the current account of the balance of payments worse. W…

In developed economies there are changing patterns of employment. What explains why fewer work in agriculture but foo…