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Question 1:
(a) How do taxes affect the economic well-being of market participants?
(b) Explain the link between fiscal policy and budget deficit.
(c) What are the factors that need to be considered if any Government is to implement a good fiscal policy framework?
Question 2:
Write briefly on any five of the following. (a) Free rider problem (b) Negative and positive externalities (c) Public goods (d) Automatic stabilisers (e) Self-interest theory of government (f) Social Production Possibility Schedule
You are evaluating a project that has the following cash flows: -100 today, then cash inflows of 20, 30, and 40 for the next three years, respectively, and thereafter cash flows gr
Calculate the market value of your corporation at the end of the sample period. Multiply the last price in the sample times the number of shares outstanding at that time. You can
Problem 1: (a) In what specific ways does Becker's model of the allocation of time differ from the simple work-leisure choice model? (b) Compare and contrast the functioning
For the special case when firms are price takers, what is the relation between total revenue, average revenue, marginal revenue and price?
What are Rostowís assumptions? Assumptions of Rostowís: • Economic development procedure is universal which is all countries whether within Africa or Asia go by the same se
QUESTION Evaluate the roles and functions of the Bank of Mauritius in ensuring monetary stability in the economy. Explain Economic growth and its potential benefits to th
What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.
why is the elasticity of demand useful
Illustrate the implications of agricultural price instability problem for Less Developed Countries? Implications of agricultural price instability problem for LDCs: a. Agric
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