Growth of economies in the caribbean

Assignment Help Microeconomics
Reference no: EM133124354

The agricultural sector has contributed significantly to the growth and development of Caribbean economies.

A. Evaluate five (5) positive contributions agriculture has made to the growth of economies in the Caribbean.

B. "Agriculture has been the main stay of Caribbean economies for over three hundred years but unless there are drastic changes to agricultural practices in the Caribbean, the Caribbean will not be able to rely on agriculture to drive the economy forward". Explain what this statement is saying.

C. What steps should be taken to have a reformed and modernized agricultural sector that can create surpluses and produce high value-added products for local and export consumption?

Reference no: EM133124354

Questions Cloud

Increase in government spending on pensions : Draw using the LRAS (Long run Aggerate Supply), AD (Aggerate Demand) curves. KEYNESIAN VIEW OF LRAS CURVE
Adr in the context of us financial markets : What is an ADR in the context of US financial markets?
What is the 3-year pure yield : What is the 3-year pure yield (percentage point, continuously compounded, round to second decimal place)?
Calculate the change of the real exchange rate : How would one calculate the % change of the real exchange rate based on the following data?
Growth of economies in the caribbean : The agricultural sector has contributed significantly to the growth and development of Caribbean economies.
Calculate the actual inflation rate : The demand for real money balances is given by M/P = Y/i, where M is the quantity of money, P is the price level, Y is output, and i is the nominal interest rat
Benefits of being a member of a successful team : 1. Discuss the do's and don'ts of ensuring team success. 2. Explain the benefits of being a member of a successful team.
Importance of exhibition place located in toronto : Write a detailed importance of Exhibition Place located in Toronto.
What is the price of output : 1. An industry of price-taking profit-maximising firms in perfect competition all produce using the same technology, and each has a total cost function given by

Reviews

Write a Review

Microeconomics Questions & Answers

  Central bank does not satisfy the taylor principle

Suppose a central bank does not satisfy the Taylor principle; that is, vp is less than zero. Use a graph to analyze the impact of a supply shock.

  What is the golden rule of profit maximization

What is the golden rule of profit maximization? Explain why the rule maximizes profits. Why are economic profits zero all along a long-run supply curve in perfect competition?

  Calculate the elasticity of demand from point a to point b

Calculate the elasticity of demand from point A to point B. Calculate the elasticity of demand from point C to point D. Calculate the elasticity of demand from point E to point F.

  Why the advantages of international diversification expand

Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response. As firms attempt to internationalize, they may be tempted to locate their fa..

  What are the economic affects of large localized events

Economic Shock - Research the economic affects of natural disasters. You can research the economic affects of large localized events or the more general.

  Eamine determinants of price elasticity of demand and

analyze the determinants of the price elasticity of demand and determine if each of the following productsnbsp are

  Discuss of swaptions relative to current economic enviroment

Discuss the usefulness of swaptions (swap options) relative to the current economic environment. Give three specific examples of how a bank can use this derivative both for risk management and speculation.

  Preferences are represented by the utility function

Presume David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u(x; y) = lnx + 2lny (MUx = 1=x;MUy = 2=y).

  What special demands does a high birthrate

Determining Cause and Effect What special demands does a high birthrate put on a nation's economy?

  Find the free trade equilibrium quantity of exports

Find the free trade equilibrium quantity of exports. What is the producer surplus in this equilibrium? Country H elects to offer a 25% subsidy to exports of X. What is the equilibrium quantity of exports with this subsidy?

  What are the economic principles

You are responsible for two outside reading reports due on the dates listed. Only hard copy forms of the assignment will be accepted, no email forms.

  Describe an instance where a change in price moved

Describe an instance where a change in price moved you along your demand curve for a product. Describe an instance where a change in the price of a substitute changed your demand for a product.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd