Interesting

When can you trade in a leased car

Can you trade in a car you just leased? You can also take your car to any other dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price. The dealer will pay the leasing company what you owe and give you a check for the equity. What happens if…

Continue Reading

Interesting

How to calculate total gains from trade

How are gains from trade measured? The total gain from trade can be measured by the movement from E to C1. This movement takes place in two steps—the movement from E to C is the gain from exchange and the movement from C to C1 is the gain from specialization. Is it possible to estimate the gains from trade? Yes…

Continue Reading

Interesting

What is a trade imbalance

What is meant by trade imbalance? A country that imports more goods and services than it exports in terms of value has a trade deficit. Conversely, a country that exports more goods and services than it imports has a trade surplus. What causes trade imbalance? What causes it? The fundamental cause of a trade deficit is an imbalance between a…

Continue Reading

Interesting

What is balance of trade deficit

What is balance of payment deficit? A balance of payments deficit means the country imports more goods, services, and capital than they export. It must borrow from other countries to pay for its imports. It’s like taking out a school loan to pay for education. Your expected higher future salary is worth the investment. What does a trade deficit really…

Continue Reading

Interesting

How does car trade in value work

Is it a good idea to trade in your car? Many people believe that you should trade in or sell your car every 2-3 years. … Start by looking at your car’s trade-in value, or the dollar amount you will receive from selling your car to a dealer when buying a new one. If it’s high enough to give you…

Continue Reading