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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.
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
what is the indirect utility/
how do oligopolistic market and monopolistic competition react to change in demand and supply ?
Could I have examples of syndicated and organized oligopolies with companies as examples
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
When is the economic theory useless? One misunderstanding is to under-estimate the role of an economic theory. Several people thought an economic theory useless since they thin
Export Entrepreneurship: This need be developed by providing necessary facilities and making export an attractive and profitable business proposition. In this connection, it
For each of the following scenarios, you use a SS & DD diagram to demonstrate the effect of a given shock on equilibrium price and quantity in specified competitive market. Explain
Price Elasticity of Demand is explained below: Price elasticity of demand/require is the percentage change in the quantity demanded with respect to the percentage change in the
output and price determination under oligopoly market structure
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