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COMPONENTS OF TRADE POLICY:
External sector reforms beginning with 1991 included dismantling of trade restrictions along with tariff rationalization, a move towards current account convertibility, liberal inflows of private capital, removal of restrictions on dividends, royalties, technical fees outflows and gradual liberalization of restrictions on outflows involving residents. To be more specific, the trade policy changes included simplification of procedures and removal of procedural bottlenecks, removal of QRs, broadening of export incentives and export promotion schemes to a large number of non-traditional and non- manufacturing exports, strengthening the export production base, technological up gradation and improvement of product quality, identification of thrust areas and thrust products, shift from direct export subsidy to indirect promotional measures and phased removal of all BOP related QRs by 2001.
Using the PPC show what is meant by the law of increasing opportunity cost and explain (state) why that law exists. Why is that law important when deciding whether or not to watch
EXPLAIN THE MR AND MC APPROACH FOR EQUILIBRIUM DETERMINATION OF FIRM IN SHORT RUN.
. (40 points) Consider two consumers, A and B. A and B both want perfect consumption smoothing (c = cf) and both have no current wealth. However, the two consumers have different i
Consider the following game [payoffs are in the form: (Ann, Bob, Carol)]: a) List each player's actions and strategies. b) If Ann "buys" Carol's position in the game (i.
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Consider a market for fish whose market demand and market supply for fish are specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively. The government decides to impose a p
Given the demand and cost data you will have available (see information below), briefly describe the process you would use to determine optimum output and price levels in the devel
Loretta liver more labs purchased R&D equipment costing $200000.00 The interest rate is 5%,salvage value is 20000.00 and the expected life is 10 years. Compute the PW of the deprec
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