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QUESTION 1:
Assuming that you are a consultant on the ‘Light Rail' project and you are asked to forecast demand for this mode of transport. What are the forecasting techniques that you may consider to use?
QUESTION 2:
Explain the importance of a knowledge of elasticities of demand and supply for
a) a manufacturer of mobile phones b) a stakeholder in the sugar industry or in the textile industry c) the Minister of finance
critically examine the statement that privatization can always decentralize economic power
what is frugal economy and government economy
As you know, the principal-agent problem stress the effect of asymmetric information between the principal and the agents on economic outcomes, the equilibrium in a principal-agent
1. If GDP is not a good measure of economic well-being, why then it is always used by the president in his/her STATE OF THE NATION''S ADDRESS?
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Suppose there is certain social norm. Its enactment into statutory law lowers people's private cost of its enforcement because it creates the possibility that violation of norm wi
1.) In what way is insurance for medical loss/illness differ from insurance for any type of property loss?
Q. What do you understand by Policy Process? Begin from theoretical frame work of policy making and proceed breaking various assumptions and introducing heterogeneity of agents
PIGOVIAN APPROACH Pigou assumed that the aim of social policy is to 'promote welfare'. But in order to simplifL this, he chose to restrict the range of his inquiry to
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