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Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
PRINCIPLES OF AN OPTIMAL TAX SYSTEM When taxes are imposed certain conditions must be fulfilled. These conditions are known as Principles or canons of taxation. According to
Q. Types of Market Structures by the Nature of Competition? Conventionally, the nature of competition is assayed to be the basic criterion for distinguishing different types of
how it is revalent?
Comment on the consequences of environmental degradation on the economy of a community.
examine the endogenous and exogenous determinants of money supply
Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a
Meaning The word inflation has at least four meanings. A persistent rise in the general level of prices, or alternatively a persistent falls in the value of money.
a. A major freeze destroys a large number of orange trees in Florida Ans- Since the freeze destroyed a large number of orange trees in Florida the number of oranges the selle
explain production function illustrate production with one variable input
b) Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.
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