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QUESTION
(a) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit.
(b) Explain the protectionist measures that a government can adopt to safeguard the growth and interest of domestic firms and what are the key reasons for such protectionist measures.
(c) Is National Income a true and fair measure of standard of living? Justify your answer.
1. Three clients of Disrup, Ltd P, Q and R are direct competitors in the retail business. In the first week of the year P had 300 customers Q had 250 customers and R had 200 custom
A1. Given the following production function Level of fertilizer Level of maize 0 0 1 44.9 2 83.6 3 110.1 4 127.3 5 136.9 6 139.9 7 137.1 8 129.2 a) Calculate the APP, MPP and elas
what are the resources of economics development
Is low savings a problem? Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore
Assume the marginal propensity to consume (MPC) is 0.9. Starting from equilibrium, investment demand enhances by 50. How much does equilibrium income enhance? Show the calcul
QUESTION 1 i) Use a simple human capital model to explain the rationale for undertaking higher education ii) Why do some people vary significantly in the amounts of human ca
Explain the user affects of involvement and support for IS project. User involvement and support: The commitment of employers and user management to the project can’t be
state the demand theory.
What are social cohesion, social capital and social inclusion? Development economics importance the role of social capital, cohesion and inclusion into the process of developm
You should use a variety of other methods of capital cost estimation to check and refine your estimate to give a definitive capital cost for the plant. You will need to compare the
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