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What is the theory of Second Best? Prove the theorem with the help of a diagram.
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
what does it mean by a normal good ?
Government Budget Deficits Governments have been traditionally spending more what they could earn by way of taxes and sale of economic goods and services produced by them. The
#. The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50
why we study micro econmics?
what are criteria and conditions for pareto optimacy
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
What are the possible negative consequences of economic growth in a developing country? Define economic growth as an enhance in GDP during a given time period, and then define
what happens when price is fix and there is a change of the supply and demand curve
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