Explain Under What Circumstances the Tender of Performance and Its

question 120

Essay

Explain under what circumstances the tender of performance and its refusal will be treated as performance of the contractual obligation.

Discuss the various views on the economic relationships between IACs and DVCs.

Identify the key obstacles to economic growth in DVCs.

Understand the role of foreign aid and direct foreign investment in economic development.

Assess the challenges and opportunities presented by global population dynamics for economic development.

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Definitions:

Least Squares Regression

A statistical method that minimizes the sum of the squares of the differences between observed and predicted values, used for fitting a linear model to data.

Slope

The measure of steepness or the degree of inclination of a line, representing the ratio of the vertical and horizontal changes between two points on the line.

Y-Intercept

The point at which a line or curve intersects the y-axis of a graph, representing the value of the dependent variable when the independent variable is zero.

Least Squares Regression

A statistical method used to determine the best-fitting line through a set of points by minimizing the sum of the squares of the vertical distances (residuals) of the points from the line.