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Question 1:
Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number one?
Question 2:
(a) Distinguish static and dynamic gains from trade.
(b) Explain clearly, with the help of diagrams, the welfare effects of an import tariff assuming
(i) the economy is small (ii) the economy is large
Question 3:
Write notes on ALL of the following: (a) Functions of the Bank of Mauritius (b) International Competitiveness (c) Budget Deficit and Fiscal Stance (d) Government in the Circular Flow of Income
Macroeconomics usually deals with the behaviour of aggregates of economic variables. An economic variable is a magnitude whose value may changes. Important variables in macroeconom
The resource based model identifies four criteria that firms can use to evaluate whether particular resources and capabilities are core competencies and can therefore, provide a ba
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Gasoline, insurance, depreciation, and repairs are all costs of owning a car. Which of these can be considered opportunity costs in the context of each of the following decisions?
Economic functions of money - A medium of exchange This is its most important role. Without money we would live in a barter economy where we would have to trade goods and
Suppose that 70% of people who identify themselves as an "Independent" voter end up voting for a Republican candidate. What is the probability that out of 120 "independent" voters
concept of static and dynamic multiplier
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distinguish between state and dynamic multiplier and illusrate balanc budget theorm in hindi
What are the 4 scarce, factors of production and what is a description of each of them. What are the costs to these resources?
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