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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.
Problem: i) Evaluate the following statement: "The First Theorem of Welfare Economics states that as long as producers and consumers act as perfect competitors and there ar
you are appointed secretary of the treasury of recently indepent country called rugaria
Question 1: (a) How do taxes affect the economic well-being of market participants? (b) Explain the link between fiscal policy and budget deficit. (c) What are the factor
Assume Mr. Robinson deposits pounds 600 in currency at a bank. Later that day Ms. Volker borrows pounds 1200 from the similar bank. The money supply will have enhanced by pounds 60
How is Micro or Microfinance credit assists in financial markets? Micro or Microfinance credit assists: • Grow businesses and raise the income of the poor • Extra income
Why are economies developed of less developed countries by growing its secondary sector? Economies cannot grow of less developed countries by developing its secondary sector si
QUESTION 1 (a) Explain the concept price discrimination? (b) Discuss the views that price discrimination always operates in the public interest. QUESTION 2 (a) Descr
What is the Monterrey Consensus? The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of p
i want information about the theory of supply
Suppose you have ten individuals with values ( $1, $2, $3, $4, $5, $6, $7, $8, $9, $10) . Your marginal cost of production is $2.50. What is the profit maximizing price?
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