Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. It has been argued that economic dualism that typifies relatively less developed or poor countries, is a barrier to participation in the global village, and lessens the chances that such countries will take their place in the economic growth race. Illustrate this argument.
Answer: Economic dualism first methodically explored by Lewis describes economies in which the marginal cost of shifting labour from the traditional to the modern sector is zero. This denotes that the modern sector enjoys a perfectly elastic labour supply and two wage levels exist simultaneously. The latter is classic of a distorted labour market and indicates that the country isn't on its production possibility frontier. Though it doesn't indicate that such a country can't partake in international trades. The traditional sector is able to produce commodities very cheaply the wage is close to zero and the modern sector is able to respond flexibly to demand patterns abroad because of its elastic and inexpensive supply of labour.
Q. What are the reasons for the world as a whole running a substantial current account deficit? Answer: This deficit improved sharply in the early 1980s and has remained high.
can Lesotho afford an independent monetary policy
The PESTEL is a strategic development technique that provides a helpful framework for analyzing the environmental pressures on an organization (Rogers, 1999). PESTEL framew
Q. Explain how the timing of a balance of payment crisis is determined. Be careful to state all assumptions. Answer: The assumptions of the model are: Prices are el
what does the law of reciprocal states about and how does it differ from the theories of smith and ricardo
Q. Evaluate the Argentinean Convertibility Law of April, 1991. Answer: Excellent idea in the short run disastrous idea in the long run. The law was discarded only in Ja
Q. What are the main factors determining the aggregate money demand? Answer: Three major factors: the price level, interest rate and real national income. A increase i
Q. Is Europe an optimum currency area? Answer: Yes the area's economy is strongly integrated with its own: most EU members export as of 10 to 20 percent of their output
which book by adam smith explains the absolute advantage ?
Role of foreign trade to the economic development?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd