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Question 1:
(a) Explain the core principles of the General Agreement on Tariff and Trade (GATT).
(b) Do you think the additional principles introduced by the WTO in 1995 create a level playing field between developed and developing countries?
Question 2:
(a) Distinguish between the orthodox and the heterodox perspectives for implementing Intellectual Property Rights (IPRs).
(b) Patenting has been subject to much controversy and resistance by developing countries. Discuss how patenting can undermine access to public health.
Types of Transaction on the Capital Account are stated below: It is useful to recall the basic types of transactions recorded on the capital account: foreign portfolio investme
Question 1: "Policy can be conducted by rules or discretion.. The increased role of expectations led to some economists arguing that it would be best to force monetary policy
Assume the firms cost function is: C(Q)= 100+10Q+Q^2 , Determine whether this industry is a natural monopoly when the demand function is: 1) D(P)= 100-3P 2) D(P)= 90-3P 3) D(P)= 10
How is the informal sector, urban modern sectors connected? Several urban regions into developing countries are dualistic as: current formal activity exists side by side along
What is Baumol''s Sales Revenue
What are the predictions of dependency theory? The predictions of dependency theory: • DCs exploit LDCs (Less Developed Countries) by extracting their surplus value. Surplu
what is production nfunction
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Consider the economy (above) again where the following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4) for the prices (p 1 , p 2 , p 3 )=(1, 1, 1).
in the banking systems, when clearing checks, the difference between the Federal Reserve''s credits and debits is the
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