Micro/Macro Effects Flashcards by Unknown Unknown | Brainscape

Q

Micro causes of Current Account deficit

A

Low productivity
High Minimum Wage

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Q

Macro causes of Current Account deficit

A

High Growth
Strong Exchange Rate

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Q

Micro Barriers to Development

A

Low Productivity
Lack of Gov Spending
Volatile Commodity Prices

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Q

Macro Barriers to Development

A

Volatile Exchange Rate
Protectionism Abroad

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Q

Micro Influences on International Competitiveness

A

Subsidies
Productivity - Unit Labour Costs

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Q

Macro Influences on International Competitiveness

A

Tax Rates
Exchange Rates
Protectionism

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Q

Macro effects of supply side policies

A

Growth
Current Account

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Q

Micro effects of Supply side policies

A

Productivity
Competition Benefits
Market Failure

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Q

Macro effects of Growth

A

Employment
Inflation

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Q

Micro Effects of Growth

A

Profits and Dynamic Efficiency
Market Failure

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Q

Macro Effects of FDI

A

Growth
Inflation

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Q

Micro Effects of FDI

A

Market Failure
Dynamic efficiency

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