Many European firms employ workers from the Philippines. These workers send part of their income to relatives in the Philippines. In which part of the balance of payments current account for the Philippines would these transactions be recorded?

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

What is an advantage to a country of free trade?

Which factor would cause a country’s exchange rate to fall?

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

What is most likely to cause a reduction in the rate of inflation?

In some developing countries the agricultural sector employs the majority of the working population. However, the cou…