Reference no: EM132874130
1. In nearly all real-world situations, consumers have a limited income and must face paying prices. Using the concept of consumer equilibrium, how should consumers attempt to spend their income in order to maximize utility?
2. Outline six contributions of industries in the economic development of developing countries
3. Highlight six reasons why most developing countries have failed to realize the benefits of international trade
4. Examine eight consequences of unemployment in developing countries
5. Describe four factors that could limit effective application of the fiscal policy in developing countries
6. Suggest five policies that could be adopted by developing countries to encourage industrial development
7. Describe four ways in which a government could influence the allocation of economic resources in a country
8. 'Agriculture is the backbone of economies of developing countries' With reference to the above statement, analyses the role of agriculture to economies of developing countries
9. Identify seven characteristics of a good development plan
10. Give eight limitations of the theory of comparative advantages
11. Outline ten advantages of an informal sector in developing countries
12. Explain four conditions that must hold for devaluation of a currency to be effective in developing countries
13. Summarize the role of the industrial sector in economic development