Question
'Agriculture is the backbone of economies of developing countries' With reference to the above statement, analyses the role of agriculture to economies of developing countries
'Agriculture is the backbone of economies of developing countries'
With reference to the above statement, analyses the role of agriculture to economies of
developing countries
9. Identify seven characteristics of a good development plan
10. Give eight limitations of the theory of comparative advantages
11. Outline ten advantages of an informal sector in developing countries
12. Explain four conditions that must hold for devaluation of a currency to be effective in developing
countries
13. Summarize the role of the industrial sector in economic development
14. Outline four causes of wage differential between the agriculture and industrial based
occupations
15. Explain four economic policy options that are available to a government that wishes to promote
economic growth
16. Explain seven contributions of agriculture in the economic development of developing
countries
17. Identify six factors that hinder increase in economic development in developing countries and
states
18. Outline the economic policy measures that should be applied to minimize the problem of
external debts
19. Explain ways in which the government could influence the allocation of economic resources in a
country
20. Discuss the importance of development planning in an economy
21. Explain the factors that limit the application of monetary tools in the economy of developing
countries
22. Economies is concerned with allocation of scarce resources ' outline three resources allocation
decisions in an economy
23. Discuss the importance of the concept of opportunity cost in an economy
24. Suggest four contractionary monetary policy measures that could be used to combat the level of
inflation in a developing country
25. Explain the monetary views on the quantity theory of money
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