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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.
with a water park going in town. What kind of externality is this?
Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an
MBA - MACROECONOMICS ASSIGNMENT Professor Instructions Abide by following points or no credit will be given for your answers: • Concise and to-the-point answersare what
The amount of a good or service that a consumer is willing and able to buy at each particular price
what are the economic problems facing any individual in the economy
What is the Washington Consensus? The Washington Consensus is a set of polices arguments advocated through free market economists to motivate growth and it is at the heart of
Explain the elasticity of price expectations?
Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t
GDp of World?
QUESTION 1 (a) What are the objectives and instruments of monetary policy? (b) "With financial liberalisation, there is a need to shift from direct instruments to indirect m
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