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Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
Suppose we divide Canada into three regions; the west, the centre and the each
Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic
yt =a+fyt-1 +ut, ut =et +?et-1, where et is independent white noise assume the process is stationary. Will OLS generally provide you with consis- tent point estimates of f? Can y
Mixed Economy: This type of economic system combines the features of both the capitalist and socialist economic systems. The private sector is allowed to function on the principles
Prove the theory of second best with the help of a diagram
firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
if tc is 200 what will be marginal cost?
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