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Question:
The Mauritian experience of growth and development has been referred as an economic miracle. The island had successfully shifted from an agrarian economy to an industrialised and service based economy
(a) Clearly explain the factors that have led to the Mauritian Miracle.
(b) Distinguish between economic growth and economic development.
(c) Explain the characteristics of developing countries.
Application of defferential calculus in economics
Q. Explain why the distinction between debt and equity finance is useful in analyzing the response of developing countries to unforeseen events such as recession or terms of trade
oppotunity cost theory of international trade.Explanation of the theory
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2. If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade and its economic welfare. Discuss. Answer: Suppose the Japan
conditions for trade unions to claim for higher wages
Q. Explain the purpose of the given figure? Answer: To demonstrate that spot and forward exchange rates are in general close to each other.
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Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory. Answer: Expected pric
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