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How can be comparative advantage improved?
Comparative advantage can be gained or improved through:
• Investment during the education and also in training
• Investment within infrastructure,
• Research and Development to enhance competitiveness that is lower unit costs, reliability and better product design.
• Lower inflation rates than all competitors
Comparative advantage into the production of lower valued added textiles has moved away through DCs to LDC economies, here unit labour costs are lower.
What is dual economy and development in an economy? Development in an economy: Differentiated or uneven development arises while the benefits of growth are not shared ev
What are Harrod-Domar restrictions? Harrod-Domar restrictions: • Non economic social, cultural, political and institutional circumstances are unimportant into growth pro
Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price. Equation (2) giv
The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.1, 5.7, 11.1, 9. Calculate the standard deviation of the sample of interest rates. (
This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks
What is the Heavily Indebted Poor Country Initiative? The Heavily Indebted Poor Country (HIPC) aims to assist the poorest, most heavily indebted countries prevent by unsustain
How does colonial background influence the development process? Colonial experience influences: • Language for example the official language of US is English. • Legal and
Any economic models for this title?
Case study CORN is now struggling to keep up with demand. With corn supplies the tightest they have been since the mid-1990s, prices have risen substantially and are holding a
helloo?
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