ECONOMICS-2015: Daily Answer Writing Challenge -32

ECONOMICS-2015: Daily Answer Writing Challenge – 32

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1. State five reasons that support government intervention in agricultural markets.
2. What do the following terms signify in structural transformation and growth ?

(i) Kuznets’ U-shaped curve

(ii) Environmental Kuznets curve

(iii) N-shaped Kuznets curve in the long-run

3. How can the structural independence between A-sector and K-sector in the dualistic economy foster growth in              the absence of external stimuli ? (2011 – 20 marks)