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Question: Foreign direct investment (FDI) enters into a large port city in the country of Bruinlandia where a special economic zone (SEZ) has been created by the government. The foreign companies in this SEZ are allowed to bring their own technology and manufacturing processes and also employ unskilled rural labor. Ten years later, few positive spillovers have occurred to the economy even while profits to SEZ companies are very high. What is the most suitable description of this process?
The starting point of many methods for predicting equilibrium strategy in sequential games - An illustration of a non-credible commitment is the promise
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At the optimum point for a representative consumer, why must the marginal utility per TL spent on all goods be the same?
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