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What does a trade deficit cause?

A trade deficit creates downward pressure on a country’s currency under a floating exchange rate regime. With a cheaper domestic currency, imports become ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is a shiny silver liquid?

Mercury is a chemical element with the symbol Hg and atomic number 80….Mercury (element) Mercury Appearance shiny, silvery liquid Standard atomic weight A...

How much oil does the US get from Iran?

The U.S. imported around 1 million barrels of Iranian crude oil in March, data from the U.S. Energy Information Administration (EIA) showed, despite Washi...

What is a healthy diet during the COVID-19 pandemic?

• Every day, eat a mix of wholegrains like wheat, maize and rice, legumes like lentils and beans, plenty of fresh fruit and vegetables , with some foods f...

How do you send a greeting in German?

Saying hello Hallo (Hello) Grüß Gott (Hello [in Southern Germany]) Guten Morgen (Good morning) Guten Tag (Hello, Good afternoon) Guten Abend (Good evening...

What are some important facts about petroleum?

Most petroleum is found by drilling down through rocks on land or off-shore on the continental shelf. Major producers are in the Middle East, the Americas...

What is 24 carat gold?

24K gold. A 24 Karat gold is 100 per cent pure gold and does not have any other metal mixed. In the local market, it is known as 99.9 per cent pure and ha...

What is the difference between a batch and a flow line?

Flow production links up with a strategy of undifferentiated marketing whereas batch production suggests that the product is tailored to suit the needs of...

What were the three rules for colonial trade?

England’s government implemented a mercantilist policy with a series of Navigation Acts (1650 to 1673), which established three rules for colonial trade: ...

What is the difference between 825 and 925 sterling silver?

”Sterling” silver is always marked 925 as it is 37 parts out of 40, or 92.5%. The 825 is a purity for precious metal but it is a lower purity than Sterlin...