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Context
You have just been appointed as the head of department (HOD) of the Gauteng Department of Health Links to an external site.. The GDOH is, however, recognised as facing financial constraints that appear to be harming service delivery. On the other hand, the Western Cape Department of Health Links to an external site., which receives the same equity adjusted allocation, faces the same resource constraints, but not experience the same failures in service delivery.
Assignment (Design a budget process to maximise the responsiveness of government to society's needs)
Your task as the new HOD is to develop a strategic financial approach sufficient to address the key financial difficulties with a view to improving service delivery. In developing this approach, attempt to creatively take advantage of all aspects of the financial and fiscal framework.
Guidance
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
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Consider the following sequential game between two players, A and B. First, A chooses between "trust B" or "do not trust B." If A decides not to trust B the game ends and each player obtains a payoff of 0.
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Create a demand-supply graph that illustrates this market failure and very briefly explain the graph. Find an article published within 60 days prior to the term that deals with a government action intended to alleviate a market failure.
If neither firm innovates, both firms will earn $10. If c = 12, what is the subgame perfect equilibrium?
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1. When on the gold standard, to maintain its mint parity value and the value of its currency a nation must condition its money stock on the level of gold reserves it has.
If consumers had been given more time to adjust to price changes, would you expect the price elasticity of demand to be more inelastic or more elastic? Explain. h. Consider the price elasticity of demand for the category flights on all airlines be..
The monopolist faces a levy imposed by the government and incurs marginal costs as in a competitive market (but without new firms entering/exiting the industry). Analyse the impact of the fee levied on the monopoly market outcome and the economic..
GDP rises from 6 trillion in 2001, base year, to 12 trillion in 2008. the gdp deflator is 180. Find real GDP in 2008. Find the percentage increase in real gdp between 2001 and 2008.
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