http://bigmacindex.org/
The cheapest in Ukraine and most expensive in Switzerland
End of chapter review questions on page 342
1. using a PPF diagram, explain how it is possible for a country to achieve economic growth
-
2. To what extent is it fair to say that economic growth inevitably leads to economic development?
economic growth is known to lead to higher production and sales count, and therefore also higher profits and salary for workers. This all can lead to further rise in government revenue through taxes, which could then be used to develop a better education and healthcare system which lead to economic development through raising living standards.
Yet in developing countries, increase in production will often create negative externalities such as destroying wildlife and lowering the air and freshwater quality- which will greatly decrease the living standards.
3. To what extent could it be argued that all developing countries share the same set of characteristics?
to an extent concerning the problems the country is experiencing about its economic situation. Yet the extent of these problems differ for all developing countries therefore they should be all considered as separate cases.
The main reasons developing countries differ in characteristics come due to it's geographical location which also determines the availability of natural resources and possibilities for production; the country's history and current ethnic and religious background as well as the politic situation in the country.
Examples of two developing countries are Maldives and Angola. One is an island country, the other is a country in Africa, therefore their geographical properties differ greatly and therefore also differing their possibilities in production. Maldives is mainly relying on tourism and services, while Angola is dependent on exporting primary commodities.
Yet in developing countries, increase in production will often create negative externalities such as destroying wildlife and lowering the air and freshwater quality- which will greatly decrease the living standards.
3. To what extent could it be argued that all developing countries share the same set of characteristics?
to an extent concerning the problems the country is experiencing about its economic situation. Yet the extent of these problems differ for all developing countries therefore they should be all considered as separate cases.
The main reasons developing countries differ in characteristics come due to it's geographical location which also determines the availability of natural resources and possibilities for production; the country's history and current ethnic and religious background as well as the politic situation in the country.
Examples of two developing countries are Maldives and Angola. One is an island country, the other is a country in Africa, therefore their geographical properties differ greatly and therefore also differing their possibilities in production. Maldives is mainly relying on tourism and services, while Angola is dependent on exporting primary commodities.
My name is Mrs Aisha Mohamed, am a Citizen Of Qatar.Have you been looking for a loan?Do you need an urgent personal loan or business loan?contact Dr James Eric Finance Home he help me with a loan of $42,000 some days ago after been scammed of $2,800 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $42,000.Feel free to contact the company for a genuine financial service. Email:(financialserviceoffer876@gmail.com) call/whats-App Contact Number +918929509036 Dr James Eric Finance Pvt Ltd
ReplyDelete