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Why is human capital so important in the development process?
Explain human capital in terms of (the sum of) education/training/experience/ literacy etc, and clearly show how this will expand an economy s growth and development potential.
i.e. provision of tax bases public/merit goods health care re-investment etc.
1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr
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Use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges.
The Bushman Cinema is the only movie theatre located in the medium-size country town of Sleepy Hollow. The owner wants to charge an admission fee of $10 per seat and past experien
What is contraction of supply?
what are the sources of oligopoly power
Problem: i) Differentiate between economic development and economic growth. ii) Describe carefully how, using the expenditure approach, national income is calculated. ii
Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
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