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What are the various forms of aid a developing country might receive?
Here the student must show clearly the difference between grant (donor) aid; reciprocal (tied) aid; bilateral aid; multilateral aid; soft loans; and writing off debt. For higher marks, the student should not simply list several types, but be able to give examples and perhaps put into context.
Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi
explain optimal use of variable input?
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
baumol''s sales maximasation model
what the contenporary issues in micro economics in nigeria
Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp
draw the total revenue curve and the total cost curve showing the profit maximizing level
Economic Rent - Economic rent is difference between what firms are willing to pay for the input less the minimum amount required to obtain it. * An Example - There are tw
BUREAUCRACY: M de Gournay, an economist of France, first coined the word Bureaucracy in the eighteenth century to refer to "a fourth or fifth form of Government" in which "off
Measuring Cost: Which Costs Matter? Accounting Cost versus Economic Cost - Accounting Cost Actual expenses and adding the depreciation charges for the capital equip
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