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Benefits of Regional Integration
Most economic experts cite that regional integration permits disadvantaged countries to realize economies of scale, vie on a broader (often global) platform and enhance overall economic efficiency. Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund declares that regional integration 'enables participating countries to pool their resources and avail themselves of regional institutional and human resources, in order to achieve a level of technical and administrative competence that would not be likely on an individual basis'.
Suppose that the desired capital stock is given as: K* = 0.3Y/i r Where Y = GDP, and i r is the real interest rate. Suppose further that Y = $5 trillion and that i r
A government subsidy to the producers of a product: A. reduces product supply. B. increases product demand C. increases product supply. D. reduces product demand.
What are the comparative benefit The idea of comparative benefit defines that a nation must specialise in the industries in which it has a comparative advantage. Comparative be
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A 90 o perfectly conducting corner cube reflector has a shortdipole (oriented in the z-direction) placed at a distance d from the vertex. The antenna is fed by current Io. a) F
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