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What are colonial background countries of the development process?
A colony is a country controlled by other. Various European countries had extensive empires as:
• Latin American countries have been basically been independent from the 19th century.
• Europe dominated several African and Asian countries till the 2nd World War.
Are international capital flows a problem? Problem: Capital flows can have an adverse outcome onto: a. Balance of payments (BoP): Shortly term capital inflows can be like:
what is the ethics of command economics?
Explain the state intervention approaches for promoting development. State intervention can result within: • Large bureaucracies staffed through friends and relatives of the
1. A firm has segmented its market into the following demand functions: P1 = 500 – 50Q P2 = 500 – 20Q with a cost function: MC=AC =20 a. Determine the prof
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How is effort monitored onto a project? It is significant that the effort to be spent onto activities is reassessed on a regular basis – why is it so very important? Effort is
the markert is said to be an invisible hand in the economic system , how
What is the function of the International Monetary Fund, in the promotion of development? The International Monetary Fund (IMF) is the central institution of the international
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