The table shows the trade in goods balance and the current account balance of the balance of payments for four countries during a year. Which country had the largest surplus on its trade in services, assuming no other transfers or income flows?

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?

Which people are most likely to gain at a time of inflation?

What is likely to happen as a developing country becomes more developed?

Many developed countries are faced with an ageing population. What is the likely result of this?