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Problem 1:
i) ‘There is a trade-off between inflation and unemployment.' Do you agree with this statement? Justify your example using appropriate diagrams.
ii) Mauritius is actually facing a problem of high unemployment. What measures can be taken to remedy the situation?
Problem 2:
i) What do you meant by the term ‘economic efficiency'?
ii) A perfectly competitive firm is better than a monopolistic firm in terms of economic efficiency. show
iii) What are the advantages and disadvantages of a monopoly market?
negative slope on ppf represents what?
What are the basis for International Trade?
unique products in monopoly
Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
CES production function and its derivation
Ask question what is frugal economy
when does price and output determined in the unregulated monopoly
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
Economic Reforms and Foreign Investment Inflows: A major objective of economic reforms was to increase foreign investment, which helps to increase capital formation of the eco
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
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