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Explain which of the two strategies is most likely to lead to development.
Empirically, it seems rather evident that export-orientation has been more successful than import-substitution. The major point in putting forth this claim are that export-orientation has led to rapid growth whereas import-substitution has in fact been a dismal failure - resulting in the general abandonment of import-substitution as a main development policy. Though, as there always is in the dismal science, is that various specific policies in export-orientation in fact closely mirror policies executed in import-substitution policies.
Assume in country-A Central Bank cares only about keeping the price level stable & in country-B, its central bank cares only about keeping output & employment at their natural rate
Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?
Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Unemployment rate 5.60 % Participation rate 62.50
OPEC oil cartel becomes subject to this tension or conflict such that the cartel gives way to a more competitive oil market resulting in a dramatic decrease in the world oil price.
estimate paper by stock and watson in a bayesian manner
The system where workers concentrate on specialized tasks to make a product is referred to as: A. Coincedence of wants B. Roundabout production C.Freedom of enterprise
A government subsidy to the producers of a product: A. reduces product supply. B. increases product demand C. increases product supply. D. reduces product demand.
assume the cost of a market basket in 2008 is 1717.0. Calculate the cost of the same basket of goods and services in 2007. Price index in 2008 was 100 and price index in 2007 was
A telemarketer makes six phone calls per hour and is able to make a sale on 30 percent of these contacts. During the next two hours, find: A) The probability of making exactly four
a) Use the arc-approximation formula to calculate the price-elasticity of demand coefficient of a firm's product demand between the (quantity, price) points of (100, $20) and (300,
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