Question
1Discuss five criticismsof the marginal productivity theory of wage determination 2Enumerate four determinants for labour in an economy 3Country x has experienced a high inflation
1Discuss five criticismsof the marginal productivity theory of wage determination
2Enumerate four determinants for labour in an economy
3Country x has experienced a high inflation rate over the past one year.
Highlight the negative effects of the high inflation on the economy of the country x
4. examine six policy measures that could be adopted to minimize unemployment in developingcountries
5. wage differentials exist both between occupations and withinthe same occupation. Discuss the factors responsible for the wage differentials
6. Explain the five advantagesofimplementing export promotion strategies in the developing countries.
7. Discuss the positives and negatives of regional economic integration by developing countries and states.
8. Discuss three ways in which a country could build up its foreign exchange reserves
9. Analyze five measures that could be adopted by a developing country to promote export of goods and services
10. Discuss the role played by the international monetary fund (IMF) in the developing countries and states
11. With reference to international trade, summarize the negative consequences of trade liberalization in developing countries
12 explain six disadvantages of adopting an import substitution strategy to correct balance of payment deficits in these countries
13.Explain the roles that the international monetary fund does in the economies of the third world countries
14. Distinguish between a tariff and a quota
15. Give seven reasons why national debt management is a salient policy issue in developing countries
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