Question: Professor Miguel Ramirez asks his students at Trinity College to
Professor Miguel Ramirez asks his students at Trinity College to respond to the following problem: "If LDCs cannot generate sufficient capital to engage in development, then perhaps the richer nations of the world can provide capital in the form of foreign economic assistance. What effect would it have on the LDCs?"
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 ...Identify where each of the following belongs (upper or lower half, flowing in which direction) in the circular flow model in Exhibit 1: your decision to work for General Motors. General Motors paying you for labor services, ...Everybody wants clean air. So why is the air polluted in so many of our cities? Production costs (in labor hours) of oranges and peaches in Florida and Georgia are shown in the following table. If the states specialize, what should each produce? Why? What are backward and forward linkages, and how do they contribute to a country's economic development?
Post your question