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Explain the term- Sustainability
One of the major problems identified for international policy coordination is whether the agreed outcome is sustainable. As can be seen from the previous Hamada diagrams all points on the contract curve, except at the Bliss points, lie off both country's reaction curves. Indeed any agreement that coordinates monetary policy on a point other than the Nash equilibrium necessarily implies that at least one country has an incentive. Once it is realised that countries have an incentive to renege upon the agreement no country will enter into policy coordination. This problem of sustainability is also relevant to dynamic games. In this context the problem is that of time inconsistency which arises when a government has the short run incentive to deviate from its long run optimal policy.
Following are different time zones in which the issue of Jammu & Kashmir could be divided: 1. 1947: when the dispute came up 2. 1948-1957: when the matter goes to UN, the su
Maintenance Of Capital: The issued share capital of a company limited by shares is the primary security for the company's creditors. In Re: Exchange Banking Co (Flitcroft's Ca
Multiparty system and coalition We have already made conceptual excursion gaining impressions of the existence of multiple parties. Now, in this section we shall observe that h
Creditors meeting - winding up: The creditors' meeting is convened for the same day at a later time than the members' meeting or it is held the following day. One of the dire
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writhe some stetment about morality of international context
1. Each country in the world is a member of the World Trade Organization (WTO). 2. A federal court of the United States and a state court can both "hear," i.e., listen to the cl
Bailment – Negotiable Instrument Whether Sir William Jones has specified the subsequent definition of bailment: like "A delivery of goods on trust on a contract, such express
Question 1 What are the rights and duties of an agent? Question 2 (a) What is the significance of the passing of property i) where the contract is an agreement to se
Liability of Retiring Partner Whether unless there is a special agreement for the contrary like a retiring partner can be held liable no more in respect of debts incurred prev
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