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Neoliberalism
So much thinking about the proper role of government in economic growth over the past 2 decades has tends to conclusions which are today known as neo-liberal. The government has a sphere of core competencies-- maintenance of macroeconomic stability, administration of justice, avoidance of deep recessions, provision of social insurance, some infrastructure development --at which it's effective. Though there is a large area of potential activities in which governments--or, at least governments that don't have the bureaucratic honesty and efficiency required for a successful developmental state--are more likely to be destructive than constructive. Thus the neo-liberal recommendation which governments attempt to shrink their role back to their core competencies and thus to deregulate industries and privatize public enterprises.
-1- ASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100.0
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illustrate and explain using diagrams how a single seller within the market can maintain an inefficient allocation of resourcesquestion #Minimum 100 words accepted#
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