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Author Question: Explain the extensive economic role of government within a developing country. What will be an ... (Read 49 times)

mwit1967

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on: Jun 30, 2018
Explain the extensive economic role of government within a developing country.
 
  What will be an ideal response?

Question 2

A production subsidy combined with free trade
 
  A) has the same deadweight costs as a tariff.
  B) has only consumption deadweight costs.
  C) has only production deadweight costs.
  D) None of the above.


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otokexnaru

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Reply #1 on: Jun 30, 2018
Answer to Question 1

An open question. Students should include 2 of the following in their answer along with discussion:
(1 ) Restrictions on international trade
(2 ) Government control over large industrial firms
(3 ) High level of government consumption as a share of GNP
(4 ) Strict management of exchange rates; limit exchange rate flexibility

Answer to Question 2

C


mwit1967

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Reply #2 on: Jun 30, 2018
Thank you


otokexnaru

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Reply #3 on: Jun 30, 2018
No problemo


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