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Dependence on agricultural production:
Dependence on agricultural production and primary product for exports. The external sector comprises Imports and Exports, Ghana shows dependence on a single crop, Cocoa, for export. In Ghana, the major exports including cocoa account for about 60 per cent of the total foreign exchange earnings of the country. Minerals in general earn on the average about 15 per cent of our total foreign exchange earnings. Normally, primary products in LDCs account for between 80-90% of export earnings but in the developed countries it is about 35 per cent. In Ghana, the primary sector accounts for on the average, about 80 per cent of our foreign exchange earnings implying that Ghana is more of a developing country than a developed country.
Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
Contribution of Foreign Trade to Economic Development: Foreign trade contributes to economic development in a number of ways. • It provides flow of technology which al
Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
Q. What is Monetarism? Monetarism:Monetarism was a right-wing economic theory (associated with work of Milton Friedman, in particular) which believed that inflation could be co
Non-Accelerating-Inflation Rate of Unemployment (NAIRU): This theory is a variant of neoclassical natural rate of unemployment. As in original natural rate theory, NAIRU advocates
Production Function for Wheat * Farmers should choose between a capital intensive or labor intensive technique of production. Isoquant Describing Production of Wheat
the difference between an lc3 and other types of businesses is that
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3. You plan to sell a sunglasses clip that you can attach to a car''s sun visor. You can purchase the goods from a wholesaler at $2 a piece and there is an overhead cost of $500 pe
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