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What are colonial background countries of the development process?
A colony is a country controlled by other. Various European countries had extensive empires as:
• Latin American countries have been basically been independent from the 19th century.
• Europe dominated several African and Asian countries till the 2nd World War.
What is poverty? Poverty is a complicated multidimensional model measured by using a range of indicators. It is about disparities into the distribution of power, opportunity a
How does foreign debt management improve development? Borrowing is a policy to encourage growth like aid represents an injection of resources within the economy which enable
What is suitable technology? Technology is suitable when this employs methods which make the best use of accessible resources that is labour-intensive, straightforward techniqu
You have an opportunity to invest in a new plant. The fixed costs are $100,000 per year. The marginal cost of production is $2 for a quantity up to 10,000 units per year. The margi
How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi
how to decentralization aids in citizen mobility
elasticity concept occupies a central place in policy formulation. Explain in details.
Why are many economists opposed to licensure of medical facilities and personnel?
Consider the following information in the international money markets: Spot rate : $0.95:€ Forward rate (one year) :
I am given that demand formula P=150-3Q, am told I only have 40 tickets to sell and that the MC=0 and I am suppose to figured out how many tickets to sell to maximize total welfare
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