Factors of production Archives - CGPCS Exam Preparation

DMPQ-Discuss the biggest obstacles hindering regional trading .

. The first and foremost issue is defining the ‘sensitive list’, or a negative list which would not be open to trade, those product lines on whom tariffs would not be reduced. This is also referred as trading to a negative list, which means trading in goods, other than those in the negative list. Very … Read more

DMPQ-Explain how exchange Rate and Purchasing Power Parity effect each other.

Exchange rates in the ideal sense be a reflection of differences in purchasing power of economies on account of various factors. However, this is true only if the entire global world had free trade, without any restrictions, ability of goods to move across geographies without any hindrance, similar like a bird flying, ability to reach … Read more

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