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Explain how foreign aid might help in the development process of a developing country.
Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc. Examples should clearly link aid with development, for instance that multilateral aid to developing country governments can be used for any number of development issues, like education and health care, infrastructure etc.
if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t
The Law for Diminishing Marginal Returns - As use of an input increases in equal increments, a point will be approched at which the resulting additions to output decreases
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
What are the types of demand
Consider a market with short run demand and Supply functions. Qd=4-p^2, Q''s=4p-1.Find the partial market equilibrium, calculate consumer and producer surplus at this equilibrium,
what does it mean by a normal good ?
what is wage?
The government notices that there is an output gap and decides to increase government spending with a stimulus package of $4 trillion in hopes that it will spur growth and stop une
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
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