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Are patterns of trade a problem?
Generalising Less Developed Countries have a comparative advantage into primary products and employment intensive manufacturing; Developed Countries have the edge into capital intensive, high value and high tech added manufacturing and services.
• Problem for Imports Less Developed Countries mostly import oil, intermediate goods, consumer goods and capital goods along with high PED and YED
• Problems for Exports LDCs mostly export primary products which have low PED and YED and price volatile. Account of Exports for a higher percent of Gross Domestic Product into LDCs than into DCs.
What are economic sectors? For the functions of analysis the production of goods and services can be classified in four groupings as given below: a. Primary sector b. Se
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908. How does the taxation change if the income was $220,874? How does
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?
VARIOUS DEFINITIONS OF UNEMPLOYMENT
a) $130,000 b) Project Atlanta has the shorter payback period Atlanta Boston Payback 1 year and 10 months 2 years an
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There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
IMPLEMENTATION ISSUES: Infrastructure sector, especially economic infrastructure, projects are facing a variety of problems, which are to be addressed in order to realise the
A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.
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