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Problem 1:
(a) Explain the meaning of poverty. Briefly explain how poverty is measured?
(b) Clearly explain the relationship between Poverty, Inequality and Economic Growth.
Problem 2:
Using examples of Least Developed Countries, explain the causes and consequences of market failures.
Example of a cost function
TRADE AND ECONOMIC GROWTH : Foreign trade has worked as an 'engine of growth' in the past (witness Great Britain in the 19th century and Japan in the 20th, besides others), an
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
Q. What is working of world Bank? An international financial organization formed after World War II and based in Washington D.C. Its supposed purpose is to promote economic dev
DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
What is consumer surplus? What is its significance and what causes it to change?
relationship between total utilities and marginal utilities
what is the importance of law of supply
Let''s assume that a monopolist decides to maximize revenue, rather than profit. How does this operating objective change the size of the deadweight loss?
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
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