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Separate Administrative Set-up for Exports:
It may be worth examining the setting up of Foreign Trade Board, similar to what obtains in Japan (JETRO) and South Korea (KETRO). Further, a professional cadre for export may also be created as a part of the administrative services in the form of an Indian Foreign Trade Service (IFTS). Candidates specialising in export services will need to be trained in a whole range of professional skills such as international marketing, export incentives and investment management, export administration and regulatory implications. There is a need to develop synergy between large-scale sector and small-scale sector.
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized. It also poses great psychological, economic, and social c
explaination of quasi rent theory
WHAT IS OPPORTUNITY COST
How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
if marginal cost descreases then what else is effected by this
Concepts of Income and Substitution Effects: Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price
A country s choice among the production of education and nuclear submarines is an issue of opportunity cost. Explain the issue using a PPF. Resources are limited whereas
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