micro economic, Public Economics

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Explain the nature &importance of micro economic?

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Capitalist price, Explain how the price system answers the five fundamental...

Explain how the price system answers the five fundamental questions of economics, and talk about at least two of the short-comings of the capitalist price and market system.

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Collectivist versus individualistic enforcement, It has been accepted to mo...

It has been accepted to most policy and development economists that among the most important sets of institution in an economy are those that provide for enforcement of contracts.

Nature of coordination problems, Only limited progress has been made in mod...

Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio

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Comment on each of the following statements, Unions tie the hands of manage...

Unions tie the hands of management and inhibit efficient decision making

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One shortcoming of neoclassical welfare economics is that it does not take into account the institutional structure of collective decision making. To draw normative conclusions abo

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GDP, 1. If GDP is not a good measure of economic well-being, why then it is...

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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