Which of the following is not a rationale for development planning?
(a) capital market failures.
(b) rent seeking behavior.
(c) attitudinal or psychological impact.
(d) all are rationales for development planning in developing countries.
B
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What are nontariff barriers (NTBs)? Discuss any three forms of NTBs other than quotas and voluntary export restraints (VERs).
What will be an ideal response?
Define GDP.
What will be an ideal response?
Suppose each of the following is a highly-paid seller of services. Who provides a productive service?
A) Dionne, the astrologer B) Jerry, the comedian C) Roger, the movie critic D) Joe, the vice president E) All of the above.
The rate of growth in the productivity of capital is 1? percent, the rate of growth of capital is 2? percent, the rate of growth of labor is 1? percent, and the rate of growth in the productivity of labor is 3 percent. From this we know that
What will be an ideal response?