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QUESTION
(a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services.
(b) What are the factors affecting price elasticity of demand for tourism in Mauritius?
(c) Using appropriate examples, explain the terms public and merit goods.
(d) Explain, with the help of relevant examples, the relationship between private, external and social costs and benefits.
VARIOUS DEFINITIONS OF UNEMPLOYMENT
New trade theory
Can national income figures be used to make comparisons of standard of living among countries? National income measures the Gross Domestic Product of country and therefore can
A transition economy is Moving from a planned to a mixed or free market economy.
Draw the line of competition
What is the value proposition that Apple Pay offers consumers? How about merchants?
QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase
What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?
what are the major socio economic problems of India which hamper the growth and development
what is increaase libralisation?
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