2
votes
1answer
31 views
Economics: Terms of Trade
What does the economics phrase "Terms of Trade" mean?
3
votes
1answer
48 views
Why does the CAD have to, or always offset the Capital and Financial Account?
I understand that when it comes to external stability in the VCE Economics course there are TWO accounts reflecting Australia's international transactions
the Current Account
a …
0
votes
1answer
100 views
What is the difference/relationship between the CAD & NFD
I understand the CAD (Current Account Deficit) is when our Imports are higher than our Exports, but what then is Net Foreign Debt?
Is that when companies/Government borrow money …
