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QUESTION
(a) In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy.
(b) Define inflation and explain its causes.
(c) Explain how monetary and fiscal policies may reduce the rate of unemployment in an economy.
(d) Briefly explain the short run inverse relationship between inflation and unemployment.
• Although the country produced several types of commodities (goods and services) in the year 2002, but this country's Central Statistics Office has grouped such commodities into f
What are the limits of development theories? Theories are generalisations: • When LDCs share similarities, each country is unique economic, cultural, social and historical
Problem 1: (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i
Question: a) Distinguish between the orthodox and the heterodox perspectives for implementing Intellectual Property Rights (IPRs). b) Patenting has been subject to much co
What do you believe are the consequences of a rating downgrade?
What is the Infant Industry argument? Several governments seek to protect involving industries by premature competition. Infant industries have potential comparative benefit b
advantages of government grants
what is increaase libralisation?
Explain the user affects of involvement and support for IS project. User involvement and support: The commitment of employers and user management to the project can’t be
QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)
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