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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?
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
I have some Microeconomics problem need to be solve, three Long question and 10 multiple-choice. If I give you four hours can you finish.
Insurance - Risk averse are willing to pay to keep away from risk. - If cost of insurance equals expected loss, risk averse people will buy sufficient insurance to totally r
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Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
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When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calcula
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