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Problem 1:
(a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory.
(b) Show the relevance of such models in explaining economic growth in Mauritius.
Problem 2:
Enumerate and critically appraise the contribution of different reforms in agriculture to development. To what extent are these reforms applicable to the case of Mauritius?
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Model in economics is the permanent income hypothesis, which basically states that a household''s expenditures will not react to a change in income unless that change in income is
What is the distinguishes a progressive income tax, from a proportional income tax, or a regressive income tax? A proportional income tax takes the similar percentage of a pe
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
Q. What do you meant by Informal Economy? Informal Economy:Informal sector of the economy represents the production of services and goods for the own-use of the producers or fo
illustrate and explain the changing demand for big mac using indifference curve and budget line
Assigment help
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
What are the three major types of unemployment? a) Frictional b) Structural and c) Cyclical unemployment. Cyclical unemployment is broadly spread by an economy durin
Risk Averse: - A person who prefers certain given income to risky income with same expected value. - A person is careful risk averse if they have a diminishing marginal ut
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