vu cs504 Mid Term Subjective Solved Past Paper No.3
vu cs504 Software Engineering - I Solved Past Papers
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1) Matrix m1 (m2);
2) Matrix m1, m2;
m1 = m2;
3) Matrix m1 = m2;
- Matrix m1 (m2); copy constructor
- Matrix m1, m2; m1 = m2; assignment operator
- Matrix m1 = m2; assignment operator
Comparative advantage according to Ricardo:
The law of comparative advantage refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party. There is a source of comparative advantage can be productivity differentials.Ricardo argued that there is mu-tual benefit from trade (or exchange) even if one party (e.g. resource rich country, highly-skilled artisan) is more productive in every possible area than its trading counterpart (e.g. resource-poor country, unskilled laborer), as long as each concentrates on the activities where it has a relative productivity advantage
1) Large initial fixed cost is involved2) Product differentiation or drabd loyalty3) Monopolistic controls the supply of key factors of production
World Bank has suggested following policies for the poor countries to grow,
1. Governance and administrative reforms: To reduce over employment in public sector, reduce wastes and to improve the quality and reliability of public services. To strengthen the administration of taxes, to eliminate the corruption. To decentralize the control of fiscal policy making. To enrich the legal and regulator framework.
2. Privatization of state-owned enterprises: Abbreviated as SOEs. These are influenced by political interference and it is one of the reasons SOEs are considered inefficient. SOEs are also suffering form lack of competition, cost awareness and fear of bankruptcy.
3. Financial liberalization: It involves ending of financial repression policies including artificially low interest rates, credit rationing, restrictions on banking competition and government involvement in investment allocation
4. Liberalization of prices, removal of subsidies
5. Deregulation involving dismantling of licensing systems and red-tape
6. Trade liberalization: including tariffication of non-tariff-barriers, harmonization of tariffs and an eventual reduction thereof
7. FDI liberalization: To create a transparent, predictable environment for foreign investors to operate in.
8. Capital account liberalization: To remove controls on capital flows
These policies are suggested by world bank and the successful implementation of these policies depend on the political and economic system of poor countries. In general these policies are expected to provide the poor nation with better understanding and help them to raise their growth.
