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Question 1:
(a) Clearly distinguish between the theories of Absolute and Comparative advantage of trade.
(b) According to you, can the ‘Factor Endowment Theory' be a reasonable explanation of the pattern of world trade nowadays?
Question 2:
(a) Explain, with the use of diagrams, the difference between a tariff and a quota.
(b) Over the recent years, subsidies and domestic support in agricultural trade has become a significant issue in international trade negotiations. Discuss how subsidies in agricultural trade is trade distorting.
In AS/AD model monetary polices is seen to working primly through its effect on interest rate. There are some example to understand to interest policy impact on exchange rate an
(a) Show the importance of Non Profit Organisations in Small Island Economies. (b) Show the importance of Foreign Direct Investment in Small Island Economies. Comment on th
how the concept of elasticity used for decision making
describe production function for computers
S M Construction has been awarded a contract to build a new manufacturing plant just outside Cardiff. The activity on arrow table below gives data on the activities involved in the
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
What is the Third World? Third World: Developing countries are sometimes termed as collectively like the Third World. Such term can cause offence within developing nation
What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?
Consider the following model: Y*i= β 0 X t β 1e U t a) Using the stock adjustment model, estimate the short-run and long-run elasticities b) Comment on the following pr
CHALLEGES FACING BUSINESS ORGNIZATION
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