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What are the restrictions of dependency theory?
The restrictions of dependency theory:
• Self sufficiency and import-substitution strategy mean the advantages of International trade are lost and welfare decreased;
• Arrangement leads to government failure;
• Lack of competition leads to decreased consumer choice and market failure.
difference b/w statistics in singular and plural sense
A1. Given the following production function Level of fertilizer Level of maize 0 0 1 44.9 2 83.6 3 110.1 4 127.3 5 136.9 6 139.9 7 137.1 8 129.2 a) Calculate the APP, MPP and elas
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What are the factors of evaluating a policy or institution? Factors to consider during evaluating a policy or institution comprise: • Internal and external constraints onto
Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?
WHY DO GOVERNMNETS PLACE HIGH TAX RATES ON PRODUCTS SUCH AS PETROLA ND CIGRATTES
What is Unbalanced Growth theory? Unbalanced growth shares analysis along with balanced growth theorists which free markets cannot produce development. Planning of government
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
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