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Q. What do you understand by Policy Process?
Begin from theoretical frame work of policy making and proceed breaking various assumptions and introducing heterogeneity of agents under a various, to show that policy process is an interactive dynamic adaptive process rather than a one time, once for all solution.
Question 1: i) Describe the concept of circular flow of income. ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'. iii)
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What is the link between efficiency wages and shirking? There are two firms A and B identical in all respects except the following. In firm A increased expenditure on monitoring co
Let us now consider a situation in which we know the timing of a change in policy but are unsure about the composition of the future policy. The association of different policy co
Alice and Bob survive on hamburgers and salads. Aliceís utility function is UA = hA(sA 1) where hA and sA are her consumption of hamburgers and salads respectively. Bobís utility
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eiplain why indifference curve are convex to the origin
what are the strengths and limitations of a pluralist society
The international monetary fund and the World Bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
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