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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.
what is the example of this law
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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
(ii) Find a real-world example of second-degree price discrimination. Describe the important aspects of your example in detail and analyze it using economic theory. In particular,
In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.
How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable
determination of rent
Outline the possible negative effects of import-substitution policies. Define and outline import-substitution; focus on reducing domestic reliance on imports by implementing hi
causes of market failure and its solutions?
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