Question: To what extent was the debt crisis of the early
To what extent was the debt crisis of the early 1980s caused by inappropriate policies that had been pursued by the debtor countries?
Answer to relevant QuestionsWould redistributing incomes from the rich to the poor reduce the overall problem of scarcity?Assume that oil begins to run out and that extraction becomes more expensive. Trace through the effects of this on the market for oil and the market for other fuels.Compare the relative benefits of subsidies and high minimum prices (as under the CAP) to(a) The consumer; (b) The farmer.Taking the same industries, identify as many economies of scale as you can.What are the advantages and disadvantages of debt swapping as a means of reducing the debts of developing countries?
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