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Question 1:
i. Explain the likely effects of a recession on a government's budget?
ii. How is the operation of fiscal policy supposed to affect the level of economic activity within an economy?
Question 2:
i. Explain what you understand by public goods and merit goods. ii. Evaluate the role and functions of the Bank of Mauritius in ensuring monetary stability in the economy.
Question 3:
i. Distinguish between a tariff and a quota and their economic implication for the Government in international trade finance?
ii. What is a Balance of Payments (BOP) and how Government would intervene to correct a BOP deficit.
Question 4:
i. Explain what is Economic Growth and its potential benefits to the economy.
ii. Explain the term Externality, giving examples of positive and negative externalities and how government deals with these externalities.
externalities produced by a monopolist
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what is public debt. ? give complate information on public debt. ?
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What are your thoughts on Putman’s “Bowling Alone,” the idea that there has been a decline in social capital in North America? Do you agree or disagree with the assertion? Support
explanation and justify the condition of pareto optimality and verify the defination of contrect curve. statment; reallocation of the resources from 1 efficient point to another ef
Ask quedoes privatisation decentralise economic power stion #Minimum 100 words accepted#
Q. Why does government undertake an economic activity? If ever an activity has large externality or spill over and includes a large number of people, it may be found better th
There has been a long history of research on ‘the policy process' which is ‘closely connected to efforts to examine the nature of power in society and to specify the necessary cond
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