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What is poverty?
Poverty is a complicated multidimensional model measured by using a range of indicators. It is about disparities into the distribution of power, opportunity and income. The UN differentiates among:
• Income poverty particular indicator: it is low standard of living measured through income or consumption
• Human poverty for examples: low life expectancy, awareness, standard of living as well as participation. Indicators comprise: education, access to services, health and infrastructure
• Income poverty as like the absolute poor earn one dollar per day or less.
What is the argument of advocates of World Bank in promotion of development? Advocates of the World Bank argue: • Loans and aid alone don’t guarantee development or the
QUESTION (a) Analyze the characteristics of a monopoly market. (b) Distinguish between the short and long run equilibrium of a monopoly. (c) Compare and contrast between
Is there a consensus view on the responsibility of government? Highly controversial and depends onto your view like to whether markets work. International agencies as like the
What is the rational for the optimal use of a variable input?
Consider the economy (above) again where the following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4) for the prices (p 1 , p 2 , p 3 )=(1, 1, 1).
A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit
assignment .
How do institutions influence development? Institutions development influence: Institutions matter since they give opportunities for people and firms to participate into
What are the major problems in measuring national income? The major problems in measuring national income: a. Unreliable statistics data collection is costly and the figu
why is the elasticity of demand useful
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