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Quality Control:
Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration services, production and supply of standard reference materials, etc., are all important building blocks. Quality control through the agency of the Export Inspection Council leaves much to be desired. It is often alleged that EIA is actually playing a retrograde role, although inadvertently. This needs to be corrected. (i) The list of items subject to compulsory export inspection needs be reviewed and shortened. A trimmer EIA list is essential for a modicum of efficiency. (ii) EIA should use international agencies to train people and update the equipment available for those limited items. (iii) The quality development process need be professionalised by making use of proven quality development skills and managerial methods available around the world. Overall, pre-export inspection needs to be greatly simplified, both in the interests of speedier clearance and less harassment of the exporter as well as better administration.
using the aggregate demand and supply model (x axis is national output and y axis is price level) if an economy is in a state of disequilibrium where supply is excess of demand u
How the above would apply to non-renewable resources such as oil. This has general applicability to any competitive market. The issue here is that potential supply has a finite
types of demand
consumer equilibrium by indiffrence curve approach
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
Explain how normal profit and abnormal profit differ. Normal profit (breakeven) - which must contain commentary on the inclusion of opportunity costs. Abnormal profit should be
Consider an infinitely repeated prisoner's dilemma game by two players. The resultant payoffs at each stage by the actions of two players are given below in the table (payoffs are
A firm has two plants. One plant produces according to a cost function cl (91) = Yf. The other plant produces according to a cost function c2(y2) = Yg. The factor prices are fixed
Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.
how to solve major economic problem as a computer engineer
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