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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 arguments of the neoclassical counter revolution approach to development.
Question 2:
(a) Critically assess whether education is a source of economic growth and development.
(b) Describe the link between environment and sustainable development.
Question 3:
(a) Discuss the Malthusian population trap.
(b) Briefly explain how poverty and inequality is measured.
(c) Explain the relationship between poverty, inequality and economic growth.
Question 4:
(a) Critically analyse how developing countries stand to gain from foreign direct investment.
(b) Foreign aid: Boon or curse for developing countries? Discuss.
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Q. Using the diagram, show what happens to the composition of production (that is quantity of cloth per 1 unit of food) in Australia once trade is established between the two coun
what i deficit balance of payment.
Road,railway,air and shlping transportation
Q. Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets. Answer: For instance If the U.S price level increase
critically examine the effects of tariffs on the level of employment and income distribution.
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