Which of the following best explains why the J-curve effect occurs?
The J-curve effect occurs because import and export contracts are fixed in the short-term causing delayed adjustments. J Curve refers to a change in the country’s balance of trade , often following a currency devaluation or depreciation. A weak currency means that imports will be costly, while it will be more profitable to export commodities. The imbalance leads to a fall in the current account, hence a smaller surplus or a bigger deficit. Immediately after the devaluation of a currency, there will be a lag in changing the consumption of imports. The demand for expensive imports and the demand for cheaper exports will be unchanged in the short run, as consumers look for cheaper alternatives.
Tea plant in natural growing condition can be termed as which of the following:
When pollen from a flower of one plant falls on the stigmas of other flowers of the same plant, as in Maize is known as ______
Vector of rice tungro disease?
'Sindhu' variety of mango is a cross of
What is the name of the first agricultural index launched by NITI Aayog on October 31, 2016?
Honey-comb structure is found in
If the price of 1 unit of electricity is Rs 10 then calculate the cost of running a tractor of 20 HP having electric motor having 100% efficiency in 100...
Which one of the following element responsible for pollen development?
Queen of cereals is
A cross between a single cross hybrid and an inbreed {(A × B) × C} is