Rich country exploit poor country- POWER BALANCE

Structuralist approxa to ED, ngitaon ang may SECTOR2, shift from agri to indu sector

Law of return to scale govern growth process, BOTH TRUE

This include the portion of economic growth that cannot be explain, PFP

Part of economy equation, NET EXPORT investment, spending and national income

Point where investment... steady state of equilibrium

Refers to growth and output not accounted....... PFP or RESIDUAL GROWTH

type of technical progress..... IMBODIED TEXHNICAL

change in combining together..... DISEMBODIED

movement of exonomy.. law of deminishing return less decline...

Porr material country.... POWER BALANCE

growth theory diminishing return SOLOW MODEL

Outward looking policy atrributable to..... FDI

gwoth theory poor county POWER BALANCE THEORY

Describe labor market with restriction to labor work hours..... LESS FLEXIBLE
reduce inflation.... INCREASING INTEREST RATE ON LOAN, BANK DEPOSIT....

Increase spending on bridges....

FISCAL POLICY...
refers pertaining to government spending... control interest rate FISCAL policy, 1- T, 2- F

Term refer to forces... upgrade to training...EMBODIED TEXHNICAL

DISEMBODIED ara na nga daad pero kung nag acquire EMBODIED