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Question 1:
(a) Describe the different forms that foreign aid may take.
(b) Does foreign aid lead to economic growth? Discuss.
Question 2:
(a) Distinguish between economic growth and economic development.
(b) Describe why development must be conceived as a multidimensional process involving major changes in every aspect of a society.
Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
Theory of revenue
How to start Economics Introduction assignment?
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
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Economies of Scale
A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function
Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services. Pollution: Many economic activities involve disch
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
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