What are the problems with government actions in DVC?
What will be an ideal response?
The major problem with government leadership in DVC is that it is often undermined by corruption and inefficiencies. For example, the use of tax policy to encourage saving and channel funds to public investments cannot work if the tax funds are allocated based on political or family influence, or if the public projects funded are not sound long-term investments. Government bureaucracy can hinder economic growth if political power directs economic activity to inefficient projects.
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What lessons did Mexico's policy makers learn from the 1980s debt crisis? What reforms did President Salinas pursue? What were his main goals?
What will be an ideal response?
Marginal revenue product is essentially the additional revenue generating from selling one additional unit of output
a. True b. False Indicate whether the statement is true or false