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TRADE AND ECONOMIC GROWTH :
Foreign trade has worked as an 'engine of growth' in the past (witness Great Britain in the 19th century and Japan in the 20th, besides others), and even in more recent times the "outward-oriented growth strategy" adopted by the Newly Industrialising Economies of Asia, viz., Hong Kong, (now a special administered area of China), Singapore, Taiwan, Malaysia, Thailand, and South Korea, has enabled them to overcome the constraints of small resource-poor under-developed economies.
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What is inflation gap
1. Cost minimizing firms must be profit maximizing as well. False, why??
Cost Push or Supply Inflation: It is a situation where the process of increasing price level is caused by increasing costs of production which push up prices. Cost push infla
Rework figure 1 assuming a closed economy
CRITIQUE OF ECONOMIC REFORMS: The critique of economic reforms should consider the actual growth rate achieved, its impact on employment and poverty reduction, its impact on l
how does pp curve solve the problem of how to produce, what yo produce, and when to produce?
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
the definition of exceptional supply curve
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
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