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Explain how foreign aid might help in the development process of a developing country. Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc.
Definition of Pareto Optimal Allocation
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using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
Evaluate the role of multinational companies in helping developing countries to achieve economic growth/development. Explanation of growth; enhance in GDP per time period Ex
State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i
What is International Trade Economics, Explain study area of international trade economics.
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Advantages of Division of labour: Division of labour has advantages including the following: Development of Greater Skill by the Worker In division of labour, each
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