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Net exports normally decrease with the effect when aggregate output decline. When a concretionary fiscal policy is implemented net exports will go up . When government maintain the
QUESTION (a) Explain the Law of demand and the factors affecting demand for a product or service. (b) Explain and illustrate diagrammatically how the market demand for a pro
What are the national figures? National income figures: • Do not measure social, non-economic, quality of life indicators as like life expectancy that access to educatio
Does aid improve development? Aid improves development as: • Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread an
The Basic assumption which underlay the government of international economy has been that the economies of the world would converge around a capitalist model. The details of such a
limitations of pareto-optimal conditions as a measurement of welfare
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern
the central problem facing a group of survivors on a ship
Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag
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