If the supply of corn is Qn= a + bp and the supply by the rest of the word is Qr=c+ep, then the world supply is Qw = Qn +...
1 Answers 1 viewsNeoclassical economic theory is based on labor market. However, when the population is low, the demand and supply for labor is similarly affected. This comes as economic stability and development...
1 Answers 1 viewsThe main reason the presence of economies of scale can generate trade gains is because the reallocation of resources can raise world productive efficiency.Namibia can gain economies of scale in...
1 Answers 1 viewsNamibia being a developing country and a country dependent mostly on its imported goods, imposing a tariff would have a directly effect on both the consumers and the producers.When the...
1 Answers 1 viewsHaving overlapping membership between the groups will lead to conflict, and it will almost certainly increase transaction costs for businesses and governments. These issues will become more serious as these...
1 Answers 1 viewsTotal change of revenue in this case will depend on the number of corn pieces sold by a farmer:delta = ($4 x sales volume) - ($3 x sales volume)
1 Answers 1 viewsNamibia's economy is highly dependent on the outside world. The German and then South African authorities viewed Namibia as a settlement colony, which used the cheap forced labor of African...
1 Answers 1 viewsThis report presents the findings of the 2021 Namibian Multidimensional Poverty Index (MPI) which aims to inform and guide poverty reduction strategies in Namibia. Key findings based on 2015/2016 data...
1 Answers 1 viewsThe two major barriers to international trade are tariff barriers, or taxes on imported goods; and nontariff barriers. The nontariff barriers to trade include import quotas, embargoes, buy-national regulations, and...
1 Answers 1 viewsAn example of unethical practices that have been reported in Namibia includes poor labor practices and environmental breaches by Ramatex Ltd. The company was established in 2002 by a Malaysian...
1 Answers 1 views