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Illustrate liberalise or open up trade in market for promoting development?
Liberalise or open up trade implies that:
• Abandoning fixed exchange rates and elimination of restrictions onto imports for example tariffs and quotas. Formerly defended industries may be not capable to compete and require short term protection to permitting unrestricted capital flows as like an example of FDI distorts the economy of an LDC for example resources are assigned to meet the requirements of transnationals and not domestic producers and consumers; speculative capital inflows produce unstable exchange rates.
How is business cycle essential in economic downturns and upturns? The Business Cycle: It is the short-run alternation between economic upturns and downturns. A
Your student union has decided to support a local charity by fund-raising on a Rag Day to be held in the town. Key events include a fancy dress relay race with teams sponsored by l
factors that affects sthe volume of production in economy
What is the Heavily Indebted Poor Country Initiative? The Heavily Indebted Poor Country (HIPC) aims to assist the poorest, most heavily indebted countries prevent by unsustain
opportunity cost and decision making
How can trade agreements assist development? A trade agreement is while two or more countries to by decrease or abolish tariffs, non-trade and quotas barriers which are establ
QUESTION Write detailed notes on the following: (a) Activist and non activist monetary policy debate. (b) Optimality of Policy Rule compared to discretionary monetary pol
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.1, 5.7, 11.1, 9. Calculate the standard deviation of the sample of interest rates. (
a) $130,000 b) Project Atlanta has the shorter payback period Atlanta Boston Payback 1 year and 10 months 2 years an
QUESTION (a) Differentiate between the fixed and floating exchange rate models. (b) Discuss the effectiveness of the floating exchange rate model. (c) Explain the mechani
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