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COMPONENTS OF TRADE POLICY:
External sector reforms beginning with 1991 included dismantling of trade restrictions along with tariff rationalization, a move towards current account convertibility, liberal inflows of private capital, removal of restrictions on dividends, royalties, technical fees outflows and gradual liberalization of restrictions on outflows involving residents. To be more specific, the trade policy changes included simplification of procedures and removal of procedural bottlenecks, removal of QRs, broadening of export incentives and export promotion schemes to a large number of non-traditional and non- manufacturing exports, strengthening the export production base, technological up gradation and improvement of product quality, identification of thrust areas and thrust products, shift from direct export subsidy to indirect promotional measures and phased removal of all BOP related QRs by 2001.
assume the cost of a market basket in 2008 is 1717.0. Calculate the cost of the same basket of goods and services in 2007. Price index in 2008 was 100 and price index in 2007 was
A recent study in NJ showed that 50% of all patients will return to the same dentist. Suppose nine patients are selected at random, what is the probability that: (a) exactly five o
However, these results should be approached with due caution. The limitations and problems associated with VAR modelling have been outlined in this paper, therefore these observati
You have acquired a CT scanner at a cost of $750,000. You expect to perform 7,000 procedures per year over the estimated 5-year life of the scanner. Assuming no salvage value and a
What is banking?
Q. Explain Growth theory? The purpose of this topic is to try to explain growth in GDP. The models in this topic are very different from the rest of the models as they use only
The market demand for a factor The market demand curve for any input is not simply the horizontal summation of the individual demand curves of all the firms. This is due to th
Q. What is Investment demand? Investment demand Investment I(r) is assumed to be negatively related to the real interest rate r Total dema
Q. Consumption function in the IS-LM model? The consumption function will be the same as in cross model, consumption will depend positively on Y. In the classical model, consum
While referring to the "EYE on YOUR LIFE" section on page 183 of the textbook, apply this concept to your life. Develop your own policy position on price floors and price ceilings.
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