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Problem 1:
i) Define the three main Economic Systems?ii) How can knowledge on price, income and cross price elasticity of demand, be helpful to the Government and a firm, respectively? iii) Many of the Eastern European countries who were previously centrally planned economies have placed greater emphasis on market forces . Discuss the reasons behind such a trend.
Problem 2:
i) Explain the main causes of unemployment.
ii) What do you understand by the terms: a) Demand-pull inflation b) Cost-push inflation.
iii) To what extent can fiscal and monetary policies be used to deal with a high rate of inflation?
examine the efficiency of quantitative credit control instruments.
Theory of optimal tax system is relevant for tax policy issue
how to make summarize the basic tenets of the arguments in the case of Mark Davis 2010 of journal of liberty?
what are puplic policy coordination echanism
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Question: Awards for excellent performance are increasingly employed within the public service in many countries. These will or will not have a financial value. Performance-rel
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summarize the basic tenets of mark davis arguments
how do a traditional economy, a market, a centrally planned economy, and a mixed economy differ?
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