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Is there a consensus view on the responsibility of government?
Highly controversial and depends onto your view like to whether markets work. International agencies as like the World Bank and most developed countries are adamant LDC governments accept a markets work laissez faire approach to growth:
• Own and lead the development procedure into own country supported through international community.
• Take action to decrease corruption and the misuse of power for private advantage or advantage,
• Ignore economic activities best undertaken through the private zone
• Make sure stable macroeconomic environment and stable currency to enable and promote private sector
• Collect progressive taxation at rates which do not discourage employees or discourage firms by taking risk for profit
• Give a safety net for those is not capable to take part into a market economy for example disabled
• Make sure political, economic and social stability
• Accurate the worst features of market failure and give public and merit goods for example universal primary schooling
What is the function of World Trade Organisation in the promotion of development? The World Trade Organization (WTO) is international association dealing along with the global
(a) Suppose that the British Pound is quoted at $1.4419-36 and the Swiss Franc is quoted at $0.6250-67. What is the direct quote for the British Pound in Zurich? Note that a direct
Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan
Use short notes and illustrations to answer the following questions: i) Distinguish between an indifference curve and an isoquant ii) Distinguish between substitution and inc
Explain the elasticity of price expectations?
impact of economic policies on decision of any organisation
If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
Part 1 : Show the P/E ratio for each company. Answer the question: Which of these two firms seems to be more of a "growth stock"? Explain the reasons for your choice. Part 2:
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
What are the assumptions of Lewis? LDCs (Less Developed Countries) have two (dual) economies as: • Rural traditional economic and social practices, which overpopulated, s
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