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QUESTION
Write short notes on any three (3) of the following:
(a) National income and the standard of living.
(b) Globalization and its implications for developing countries.
(c) Monetary policy and fiscal policy.
(d) Market failure.
(e) Provision of public goods and merit goods.
What is Balanced Growth theory? Balanced Growth theory: This theory argues that market is not capable to deliver growth. State approaches to development are needed since
You own a small retail business that produces a product that is slightly different from that of your many competitors. Your firm is currently making an economic profit. The absolut
Define the planned or command economy system. Planned or command economy: Resources are owned through the state. The state assigns resources, and sets production goals a
A manufacturing company has determined from an analysis of its accounting and production data for a certain part that : a. Its demand is 9000 units per annum and is uniform
Expansionary fiscal policy happens when the government cuts spending. How?
The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
how to apply for hotel industry in crm
Suppose that a company knows that on average, 30% of guests at a hotel will eat at the hotel restaurant. What is the probability that on a given night that at least 33% of the 160
elasticity concept occupies a central place in policy formulation
QUESTION (a) Analyze the characteristics of a monopoly market. (b) Distinguish between the short and long run equilibrium of a monopoly. (c) Compare and contrast between
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