okay i have some more questions:
what are the causes of exchange rate fluctuations?
what are the consequences of exchange rate fluctuation?
Discuss policies to alleviate poverty
What are the benifits and disadvantages of specialisation at REGIONAL AND INTERNATIONAL levels?
i know the benifits and this of specialisation but whats regional and international levels ?? :S
tyvm
Causes for exchange rate to move up and down is tht it might be because of the demand and supply of the currency. if more exports tht means more demand for currency which will appericate the exchange rate therefore long run decreasing its demand as it wud be expensive to buy goods and services.. and thus depricate.
Consequences i mentioned up there
Distribution of income properly will eliminate poverty. Also, gov. can change its fiscal and monetary policies to adjust the levels of poverty in economy. Also, the more employment ..the less poverty and high living of standards in long term.
Reginal specilisation is when a whole country is specilised at producing one thing they gud at. International specilisation is when the whole market or the whole world is producing tht good/service.
Hope tht helps