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Problem 1:
(a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private sector involvement?
(b) Discuss the implications of privatisation for a small island economy like Mauritius.
Problem 2:
(a) Discuss the consequences of adverse selection and moral hazard for the insurance car market.
(b) Consider the example of any project which your Ministry wants to undertake over a given period of time. Outline all the necessary information you will require and analyse the different steps involved when deciding on the feasibility of the project.
Explain the relationship between types of risk action and where each might be utilized. Risk actions are of mainly two types: avoidance actions and mitigation actions: Avoi
the basic assumption of the static model
Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) schedule; (
Compute the experience curve: Chuck Raverty, General Manager of Carey Builders, a Baltimoreconstruction company is considering bidding for a construction contract on the new
You are evaluating two (mutually exclusive) methods of strip-mining a resource-rich area. The alternatives are very similar, though one important difference is in the scale of the
1. Why does the quantity of salt demanded tend to be unresponsive to changes in its price?
What are the predictions of Lewis? For Lewis, Harrod Domar is right to emphasise the task of savings and investment although structural change and a new industrial sector are
What do you believe are the consequences of a rating downgrade?
Explain the essential distinction among the stages of growth theory of development, the theory of international-dependence in both its neo-marxist and false paradigm conceptualizat
The economy of Cotai contains 2000 $1 bills. (a) If people hold all money as currency, what is the quantity of money? (b) If people hold all money as demand deposits and bank
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