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QUESTION 1
(a) Explain the concept price discrimination?
(b) Discuss the views that price discrimination always operates in the public interest.
QUESTION 2
(a) Describe the qualities of a good tax system.
(b) Discuss the advantages and disadvantages of direct and indirect taxes.
QUESTION 3
(a) Explain the factors affecting economic growth.
(b) Describe the benefits of economic growth and the policies that can be used to promote economic growth.
Assume there are two teams in the league: Los Angeles and Sacramento. Because it is a much larger metropolitan area, the revenue generated at any given winning percentage is hi
General Agreement on T arif fs and Trade (GATT) A multilateral treaty, the basic goals of which are: (1) to liberalize and promote world trade via multilatera
The amount of a good or service that a consumer is willing and able to buy at each particular price
What are Rostowís limitations? • Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies • LDCs are very same but very dif
Define the implications of dependency problem. Implications of dependency problem: To escape exploitation, underdeveloped countries should gain political, economic and so
How does social capital influence development? Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Deve
The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d
Is foreign debt a problem? Foreign debt is the whole amount owed overseas through a country at an exact moment in time. Debt is a problem since • High debt imply high inter
#quewhat is production analysis stion..
1. A firm has segmented its market into the following demand functions: P1 = 500 – 50Q P2 = 500 – 20Q with a cost function: MC=AC =20 a. Determine the prof
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