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Ideal solution for south africa socio-economic problems

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Question 1: A market economy and a democratic elected government is the ideal solution for South Africa's socio-economic problems. Discuss this statement critically with the aid of the economic principles.

Question 2: The highest marginal tax rate for personal income taxpayers in South Africa is at relatively high levels. Analyse the possible efficiency and equity implications for South Africa of this tax.

Question 3: The trade-off between efficiency an equity is very important them in public economics. Analyse this statement with the aid of a diagram.

Question 4: The income effect of transfer to poor individuals will lead to a decrease in leisure hours per day. Discuss this statement critically with the aid of a diagram.

Question 5: Analyse the efficiency implications of a tax on the sale of shirts with the aid of a diagram

Question 6: Illustrate how a Lindashl equilibrium is deserved make use of a diagram to explain

Question 7: Analyse the efficiency implications of a lump sum tax and compare it to the efficiency implications of a selective (or price distorting) tax with the aid of a diagram.

Reference no: EM132421762

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