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Define the implications of dependency problem.
Implications of dependency problem:
To escape exploitation, underdeveloped countries should gain political, economic and social independence through the developed countries by cutting of economic ties or trade and investment along with the developed world and becoming self sufficient for example adopt an ISS (import-substitution strategy).
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
how does the effect of inflation affect the spending ability of fixed income earners
Problem 1: (a) Clearly distinguish between the theories of Comparative and Absolute advantage of trade (you are expected to use examples to illustrate your answer). (b) Acco
QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega
Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
New trade theory
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
What is a firm
Is telecommunication is elastic or inelastic ???
what is the short run and long run effects of a new idea creating by a restaurateur i.e home cooking services in the perfect competitive market?
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