Explain the policy implications of these two regularities

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Question: Descriptive questions. Answer the following problems in the space provided. Please show your work in an organized way. '11. Answer the following questions based on your reading of chapter 1 in WDR 2008: (70)

a) Discuss the two empirical regularities which characterize the structural transformation.

b) Brie?y explain the policy implications of these two empirical regularities.

c) True or false: local transportation infrastructure plays no role in tradability of locally produced goods. Explain your answer.

Reference no: EM133327996

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