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Question 1:
(a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private sector involvement?
(b) Discuss the implications of privatisation for a small island economy like Mauritius.
Question 2:
(a) Discuss the consequences of adverse selection and moral hazard for the insurance car market.
(b) Consider the example of any project which your Ministry wants to undertake over a given period of time. Outline all the necessary information you will require and analyse the different steps involved when deciding on the feasibility of the project.
Imagine a country where plane and train services between two main cities are both provided by private companies, and, from a consumer perspective these services are viewed as subst
Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxe
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
indifference curve for the demand for big macs
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d
What is development economics? Traditional economics studies the allowance of scarce resources among alternative uses. Development economics seems at the economic, politica
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
Consider a consumer with the following Cobb-Douglass utility function: U (x, y) = x α y 1-α a) Find the Marshallian Demand for both goods. b) Find the Price Elasticit
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