Examlex
If the price elasticity of demand is -1.2, economists would say the demand is:
International Trade
International trade involves the exchange of goods and services across national borders, driven by the principles of supply and demand.
Balance of Payments Deficit
A situation where the total of the country's imports and its external payments exceeds the total of its exports and external receipts.
Net Inflow
The measurement of the total amount of money being transferred into a particular entity, sector, or system, minus the amount leaving it.
Net Outflow
The total amount of money leaving a country or economy as a result of outflows exceeding inflows, often related to international trade, investments, and financial transactions.
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