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Problem 1:
The national budget exercise is nothing more than a political exercise. Discuss.
Problem 2:
a. What do economists mean by the term ‘efficiency'?
b. What are merit goods? What is government's role in redistribution?
c. Why might government intervene in the in the market's allocation of resources, even when it is Pareto efficient?
Problem 3:
Even if there is no consensus over the use of cost-benefit analysis, cost-effectiveness is a goal that can draw on wide support.
what is a firm
OBJECTIVES OF CREDIT CONTROL The old objective of controlling credit creation by the commercial banks in the country was dictated by considerations of maintaining stability of
I. A farmer – businessman is in a quandary as to what crop to plant in his land. He has the option to plant Crop A, Crop B, or Crop C. f the weather turns out to be good and the
Industry Paper: As a partial requirement for this course, you will have to submit a paper on an Industry of your choice. This is a highly structured paper, which consists of: 1.
ChoppinAxe is a little Swedish firm that produces wood planks and operates in a perfectly competitive market. Each firm in the market has the following total cost function:
how to solve problems using derivatives ?
BUSINESS CYCLES Meaning: The business cycle is the tendency for output and employment to fluctuate around their long-term trends. The figure below presents a stylised
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
Factors affecting the total market demand These are broadly divided into the determinants of demand and conditions of demand. (a) Own price of the product This
Transfer Payments Are any payments made to households by the government that are not made in return for the services of factors of production i.e. there is no Quid pro Quo. S
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