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(i) Explain the term capital accumulation.
(ii) Explain the different views on economic development.
(iii) In the golden age of globalization countries, especially developing, are called-upon to prioritise human capacity building in their domestic agenda. In this context, critically assess whether education is a source of economic growth.
(iv) To what extent does convergence of economic policies across countries leads to improvement in world economic outcomes?
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what is the immigration surplus?
QUESTION (a) Analyse the activist and non-activist policy makers' choice between implementing a policy rule or a discretionary monetary policy. (b) Explain why the policy ru
What is capital accumulation? Capital accumulation simply implies an increase into a country is stock or amount of capital over time. It requires net investment, which is inve
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
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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
For the special case when firms are price takers, what is the relation between total revenue, average revenue, marginal revenue and price?
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