1.Some empirical trade economics have noted that for many products countries both are importers and exporters. For example, the United States both imports and exports shirts. How do you explain this?

2.Find another example of the use of cell phones a way to improve market functioning in a developing economy.

3.Explain how each of the following can limit the economic growth of developing nations.

a. Insufficient capital information.

b. A shortage of human resources.

c. A of social overhead capital.

4.Corruption in a government is often accompanied by inefficiency in the economy. Why should this be true.