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Soniya Sivakumar 6 years, 10 months ago
When resources are fully and potentially used it will form a PP curve.
But when there is unlimited resources there will be the growth of
resources which shift the ppcurve to the right.
This is my answer .if u find this is correct ,use this.
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Soniya Sivakumar 6 years, 10 months ago
1.it deals with the problems based on opinion,values and judgements.
2.here,economist believe that the solutions should raise the standard of people.
3. economics is not strictly neutral.
4.eg:min.wages should be given to the labour,govt.should consider reducing unemployment.
5.other name-normative science
Positive economics:
1.it deals with the problems as they are.
2.it is purely based on facts and data.
3.it remains strictly neutral with regard to ends.
4.other name-economics as a positive science.
5.eg:study of choices,t ax reduced to increase
disposable income
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- The BoP statement provides a clear picture of the economic relations between different countries. It is an integral aspect of international financial management.
- The BoP statement provides information pertaining to the demand and supply of the country’s currency. The trade data shows a clear picture of whether the country’s currency is appreciating or depreciating in comparison with other countries.
- The country’s BoP determines its potential as a constructive economic partner. In addition, a country’s BoP indicates its position in international economic growth.
- By studying its BoP statement and its components closely, a country would be able to identify trends that may be beneficial or harmful to the economy and take appropriate measures.

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