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Foreign investment:
To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international organizations giving grants and loans need to be satisfied that the finance they provide will be put to good use. Private investment will also be encouraged by realistic plans showing the extent of economic growth that is expected to be attained.Donor countries are therefore interested in well coordinated plans to direct investment funds.
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
what is iso-product curve
1 Differentiate between a firm and a market. 2 Graphically illustrate (i.e. draw) and explain the relationship between the market demand curve and the individual firm's demand c
On what kind of income is our taxing system based?
1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current
Explain consumer sovereignty and why it might not be that extensive in real life. Explanation of consumer sovereignty Use of S/D model to show how changes in consumption pat
opportunity cost
VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ENTAILS
Perfectly Competitive Markets * Characteristics of Perfectly Competitive Markets 1. Price taking 2. Product homogeneity 3. Free entry and exit * Price Taking
1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6. i. P= 40 - 0.5Q ii. Q= -40 + 0.75P iii
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