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Problem :
(a) Using examples of Least Developed Countries, explain the:
(i) causes of market failures; and
(ii) consequences of market failures
(b) Describe the common set of problems that developing countries usually face.
(c) In your opinion, which of the problems described in part (b), are more significant to Mauritius? Justify your answer.
(d) In the era of globalization countries are called-upon to include the improvement of human resources in their domestic development agenda. Critically assess whether education is a source of economic growth and development.
Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu
explain how a perfact market responds to changes in consumer demand?
bain''s model of limit pricing with diagram
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Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
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The demand curve for gasoline is P = 200 - 10Q. a. Find the elasticity of demand for a quantity of 8. Does this number imply that quantity demanded is sensitive to price change
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Suppose you are a regulator in charge of allocating water between residential and agricultural users (farmers) in Southern California. You conduct a survey that finds that under th
Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen
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