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QUESTION
(a) Define a public good and discuss how free riding might be a problem in the provision of a public good.
(b) What is the rationale for government intervention in the health care sector today?
(c) What are the problems associated with market provided health care insurance?
(d) Differentiate between absolute and relative poverty.
How does population growth produce development? The impact of population growth depends upon the form: • By net migration. When the increase into population is highly skill
A critically important criterion that must be considered in evaluating environmental policies is whether they provide strong incentives for people to find new ways to improve ambie
Distribution of benefits for transferring drivers to transit during a congested morning commute A residential suburb has N = 30,000 commuters who drive alone to jobs in a cen
QUESTION 1 i) Use a simple human capital model to explain the rationale for undertaking higher education ii) Why do some people vary significantly in the amounts of human ca
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
Is an unequal distribution of income and wealth a problem? Explain in short. Yes: because specified no government intervention, which on very low incomes cannot afford necessar
What are rural and urban sectors? Rural and urban sectors: • Rural sector consider as countryside. 60 to 70 percent of LDC (Less Developed County) population live into r
Define the macroeconomic stability in market for promoting development. Macroeconomic stability implies that: • Tight fiscal policy that is balanced government budgets and d
the basic assumption of the static model
How is the social capital measured? Measurement of the socilal capital: Social capital is a latest, multidimensional, qualitative idea which is problematic to measure. Res
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