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What Are Accounting,or "Shadow" Prices for Project Appraisal? in What

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What are accounting,or "shadow" prices for project appraisal? In what way do they differ from market prices,and why do we need them? Additional question or part of question: How can reference to world prices help countries gauge the real opportunity costs of development projects?


Definitions:

Separation Anxiety

A psychological condition in which an individual experiences excessive fear or anxiety upon being separated from those to whom they have a strong emotional attachment.

One-Year-Old

refers to a child or organism that has completed one year of life, typically going through rapid developmental stages.

Attachment

The emotional bond that forms between infants and their caregivers, influencing patterns of behavior in later relationships.

First Year

Refers to the initial period or freshman year in educational institutions, marking the beginning of a student’s journey in college or university.

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