Foreign relations - the relations of a county with others is very important for trade. ... Major components of trade balance are exports and imports of a country. Adverse trade balance is generally the result of slackness in exports in comparison to imports. Exports: Developing countries who in general export primary goods encounter adverse balance of trade frequently. The reasons for lagging behind their exports are this that they export primary goods, which faces severe competition in the international market. ...

• Word Count: 2476
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

The study of macroeconomics examines interactions of individuals on a very large scale. Our society is based on trends in spending and our behaviors are analyzed and put in to numbers. This paper discusses a few scenarios that we see every day including purchasing groceries, massive layoffs, and dec...

• Word Count: 732
• Approx Pages: 3
• Has Bibliography
• Grade Level: High School

It is the world's largest economy according to the International Monetary Fund (IMF) for the purchases it has made, though this has been disagreed with by China's National Bureau of Statistics. ... China's relations with Australia are identified by their strong trade bonds. Australia's largest trading partner for goods and services is China, whereas Australia is a primary source of resources for China. ... The China-Australia Free Trade Agreement (CHAFTA) took place on the 20th of December, 2015. ... Figure 1.4: Employment and unemployment rate for Australia Source: Tradi...

• Word Count: 2966
• Approx Pages: 12
• Has Bibliography
• Grade Level: High School