James Duesenberry was of the opinion that less developed countries will experience serious and adverse effects on their balance of payments due to the:

With which of the following countries does India consistently maintain a trade deficit (negative trade balance)?

Which of the following statements about autonomous balance of payment (BOP) transactions is INCORRECT? 1. They are referred to as 'above the line' items in the BOP. 2. They are undertaken specifically to cover disequilibrium in other autonomous items. 3. They take place due to economic motives such as profit maximization.