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Question:
Describe the main measures of size and/or cutoff point below which economies are classed as small?
In 1982 the Development Committee of the World Bank and the International Monetary Fund "noted the problems of Small Island and landlocked states, and recognized the urgent need to review mechanisms and adjustment prescriptions appropriate to the particular circumstances of such states..." (World Bank 1982).
Show whether small economies have special problems not faced by developing economies that are larger? Do these problems call for special attention?
The structural interdependence, in fact, forms the basis for the policy maker's choice behaviour for policy or policy mixes. The spectrum formed by various policy mixes depends on
Q. Why does government undertake an economic activity? If ever an activity has large externality or spill over and includes a large number of people, it may be found better th
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A variety of interventions can affect outcomes. The important one are, intervention to solve coordination problem, information as an interventions, interventions to change the dyn
Read the titled book 2010 State of the World: Transforming Cultures from Consumerism to Sustainability written by the Worldwatch Institute.Learn through their findings valuable inf
Alice and Bob survive on hamburgers and salads. Aliceís utility function is UA = hA(sA 1) where hA and sA are her consumption of hamburgers and salads respectively. Bobís utility
The major economies in the world are in a deep recession although there are some signs of growth. What implications has such a recession had for international business? How have go
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