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Question 1:
The main challenge facing governments in the 21st century revolves around containing and/or downsizing of public spending. Explain why reduced government intervention appears a necessary evil for higher levels of economic welfare in the long run.
Question 2:
Describe the different forms that foreign aid may take?Does foreign aid lead to economic growth? Discuss.
Question 3:
Clearly explain what is meant by the following: (i) Poverty line (ii) Absolute poverty (iii) Relative poverty (iv) Inequality
Question 4:
Capital formation is considered to be an essential ingredient of economic expansion and diversification. In Mauritius, policymakers have always placed health and education at the forefront of the local development content, mainly through universal access to free education and health.
According to you, how does a sound education or health policy impact on national welfare levels?
Q. In the year 2000, Americans flocked to Paris. What economic forces made French goods seem so cheap to residents of the United States? Answer: One main factor was a sharp f
Q. If a scale economy is the dominant technological factor establishing or defining comparative advantage, then the underlying facts explaining why a particular country dominates
draw diagram of price leadership model
#question.what is the baises for international trade.
Q. It is argued that the United States could be foolish to maintain a free-trade stance in a world in which all other countries exploit prisoner or child labor, or are protectioni
Q. Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible. Answer: Since specie inflows drive up domestic prices and restore symmetry in
Question 1: (a) To what extent does the structural change model of Lewis adequately portrays the development phases in most developing countries? (b) Discuss the principal a
What are the two main base of foreign trade ?
Q. How did the international monetary system influence macroeconomic policy-making and performance during the interwar period (1918 - 1939)? Answer: Governments efficiently sus
Theories about the Problems of LICs are discussed below: In order to explain this big problem of poverty and of the asymmetric ownership of the wealth and income in the world,
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