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Problem 1:
Health insurance leads to health promotion. Using diagrams, describe the impact of health insurance on the demand for health care.
(a) Distinguish between negative and positive externalities? Justify your answer using examples.
(b) To what extent do government policies corrects for both externalities?
Problem 2:
(a) Using diagram, describe the impact of:
(i) Wage floor in the labour market.
(ii) Rent ceiling in the market for apartment.
(b) Describe the economic impact of taxes.
(c) Using the demand for cigarettes determine the effectiveness of a tax levy.
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Measures to control inflation: Fiscal policy is one of the two main macroeconomic policies used to control aggregate demand and thereby achieve economic stability. Fiscal meas
Balance of payments account: The foreign exchange market is an organizational setting within which individuals, business firms, banks etc buy and sell foreign currency. It has
#queIn a particular year, an organization earns cash revenues of Rs. 2,00,000. Total material and labour expenses are Rs. 1,09,000. The depreciation claimed on the equipment is Rs.
when the demand function is 2q-24+3p=0,find marginal revenue when q=3
what to produce? how to produce? for whom to produce
Q. What is Free Trade Agreements? Free Trade Agreements:It is an agreement between two or more countriesthat eliminates tariffs on trade between the countries, reduces non-tari
monetary policy
Long Waves: Longer-term periods of stagnation or growth in the economy, that can last for a decade or more and reflect broader changes in technology, politics, and international re
How to calculate: fixed cost is $1,000,000 tvc $4,400,000, avc is $22, atc $27, worker productivity is 4. How do I calculate the profit or loss?
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