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Vulnerability in international relations:
Dominance, dependence and vulnerability in international relations.A greater volume of Ghana’s exports comes from primary commodities like cocoa, timber and gold. The contribution from other sectors, for instance, manufacturing in terms of export is relatively insignificant. Since exports are mainly primary products, it is quite apparent that income from export will fluctuate.This stems from the fact that prices of primary raw materials fluctuate more than those of manufactured goods. It is therefore, inevitable that our revenue from export will fall because the terms of trade will be unfavourable and consequently, this will have adverse effect on our Balance of Payment (BOP).
Island Economy: Consider an economy as a sea with islands of local markets. Each household produces goods and sells them on one and only one of the arrays of these markets. Go
solution of central problem of an economy
types of cost
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
Quality Control: Standards and standardisation, quality systems, certification and inspections, measurement systems, testing laboratories, their accreditation and calibration
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
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