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Question 1:
(a) Describe what is Economic growth and describe its relationship with standard of living?
(b) Assuming you are the government economist, what policy measures you are likely to take in promoting economic growth in Mauritius?
Question 2:
(a) What do you meant by Fiscal Policy? Also explain the instruments of Fiscal Policy
Question 3:
(b) How is the operation of fiscal policy supposed to affect the level of economic activity within an economy?
Question 4:
(a) Distinguish carefully between public and merit goods, highlighting the characteristics and examples to support your arguments.
(b) Why can the provision of such goods not be left entirely to the private enterprise?
Question 5:
(a) Define inflation and show why governments are concerned to keep the rate of inflation at a low level (3% - 3.5%)?
(b) Determine the role and functions of the Central Bank of Mauritius and how does it intervene in the market to ensure economic stability?
Production with Two Variable Inputs * There is relationship between productivity and production. * Long run production K& L are variable. * Isoquants analyze and compa
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What is Economic Theory? An economic theory that can be considered an axiomatic approach comprise a set of assumptions and circumstances, an analytical framework and explanatio
4 models
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when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
what is the combined total demand schedule for Delgian cocoa beans that European and USA consumers buy
Recent developments in demand theory
Review: Full, Anonymous: No Answer each of the following questions using economic theory covered in this lesson. 1. Marginal revenue product is defined as the change in total
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