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- Most economic problems arise in consequence of changes of circumstance. True or FalseUnderdevelopment as a condition for some countries in the world economy is Group of answer choices an active process inherent and inevitable a passive state of being naturally occurringGovernment economic planning has a historically better record of creating prosperity than the free market. True False...
- Explain why political institutions affect economic performance regardless of any preconditions or stages of economic development.how does mercantilism be considered as a system and how viable is such a system. Also what are some of the essential ideas/assumptions of the classical and neo-classical economic schools relating to international trade. What are the agenda/topics of The World Economic Forum unfolding at Davos Switzerland pertaining to economic and international economic issues.Describe and analyze an issue related to a particular time period in the economic history or of another country or region
- Agriculture is the backbone of Africa. But Africa has high poverty rate and the a large amount of money is still used to import food items from overseas. #suggests ways private sectors can contribute to the growth of agricultureDiscuss the impact of economic issues on policy formulation and implementationRefute this statement with three reasons “The government should impede the pace of innovation, which is tearing apart the social fabric of the country. While some get rich from newfangled ideas, others watch bitterly as their livelihoods are destroyed. “
- Discuss the impact of economic issues/activities on policy formulation and implementationWhich of the following would be an advantage of a traditional economy? They are resistant to natural disasters. Everyone has an important role in society. They are heavily resistant to developed economies. Individuals have many opportunities to change their professions and improve their economic lot.The "middle-income trap" usually takes place at about this level of GDP per capita: $1,000 pc $50,000 pc $4000–$5,000 pc $40,000 pc