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What are the restrictions of Lewis? The restrictions of Lewis: • Assumes complete employment in urban regions. Evidence recommend otherwise • Raised profits may be inves
why does the quantity of salt demanded tend to be unresponsive to changes in its price?
optimal use of variable input
What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?
Procedure for export under deferred paymet
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measur
What are the limits of development theories? Theories are generalisations: • When LDCs share similarities, each country is unique economic, cultural, social and historical
How does population growth produce development? The impact of population growth depends upon the form: • By net migration. When the increase into population is highly skill
Case study CORN is now struggling to keep up with demand. With corn supplies the tightest they have been since the mid-1990s, prices have risen substantially and are holding a
summarize the basic tenets of the arguments in this case?
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