Q1. Explain how does the concept of dualism adequately portrays the development picture in developing countries
Q2. If the world cost of corn is $2 and there are no trade restrictions, the United States will
a. manufacture 3,000 utilize 7,000 also import 4,000 bushels of corn
b. have an surplus provider of corn d be a net exporter of corn e. not produces any corn
Q3. Explicate why predatory strategies do not work in an industry if no substantial sunk costs exist.