economics multi-part question and need the explanation and answer to help me learn.
Essay must be 500 words limit.
Text not Image.
Requirements: 500 words
Discussion – ECN 500 – 10
Balance of Payments
Discuss KSA’s categories of balance-of-payments.
Discuss why the supply and demand for foreign exchange are considered to be derived schedules.
Discuss the meaning of a surplus (deficit) on the merchandise trade balance, goods and services balance, and current account balance. Discuss how this impacts trade in Saudi Arabia.
500 word limit.