Describe the political instability trap.
Answer to relevant QuestionsWhat do you think would happen to our idea of the basic economic problem if we discovered a natural resource that could reproduce itself any number of times and could be transformed by labor into any good or service? Before ...Consumer sovereignty is an integral part of a democratic society. Why? Suppose you were advising the government of Egypt What policies would you recommend to achieve higher rates of economic growth? Why should you expect some resistance to your policy suggestions? Describe the natural resource trap. Show the effect of foreign direct investment on an economy's production possibilities curve.
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