Reference no: EM132877126
Discussion Questions
1. Summarize the role of the industrial sector in economic development
2. Outline four causes of wage differential between the agriculture and industrial based occupations
3. Explain four economic policy options that are available to a government that wishes to promote economic growth
4. Explain seven contributions of agriculture in the economic development of developing countries
5. Identify six factors that hinder increase in economic development in developing countries and states
6. Outline the economic policy measures that should be applied to minimize the problem of external debts
7. Explain ways in which the government could influence the allocation of economic resources in a country
8. Discuss the importance of development planning in an economy
9. Explain the factors that limit the application of monetary tools in the economy of developing countries
10. Economies is concerned with allocation of scarce resources ' outline three resources allocation decisions in an economy
11. Discuss the importance of the concept of opportunity cost in an economy. Suggest four contractionary monetary policy measures that could be used