Foreign Aid Assistance Needed -75 words each 1What is foreign aid and what is the goal of foreign aid? Does foreign aid promote economic development? Explain briefly 2Why can’t all the balance of...

Foreign Aid

Assistance Needed -75 words each

1What is foreign aid and what is the goal of foreign aid?

Does foreign aid promote economic development? Explain briefly

2Why can’t all the balance of payments accounts be in

surplus? What factors determine the demand for British pounds in foreign

exchange markets? How are exchange rates determined under a flexible exchange

rate system?

3Describe developing countries and how they differ from

industrial market economies How can international trade aid development? In

what ways does the international economy impose problems on developing

countries

4How can two countries both be better off as a result of

trade? How can tariffs protect US jobs? Do tariffs lead to a net increase in

jobs? Explain Who are the winners and losers from trade restrictions? Given

that trade restrictions impose losses on an economy, why are trade restrictions

so common

5How did the Bretton Woods system operate? What caused its

collapse? Some think the current system of managed but floating rates is too

unstable What would generate the instability?