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explain two theories of economic rent
Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p
optimal contracts under symmetric information
Fiscal Imbalance: The persistent rise in resource gap has led to a growing volume of public debt. The central feature that emerges is a serious fiscal imbalance, arising from
what is the theory of supply
Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,
What are the costs and difficulties of such an operation? The direct costs are administrative, cooperative and storage costs, whereas the societal costs include misallocation,
causes of abnormal supply curve
Jane receives utility from days spent travelling on vacation domestically(D) and days
the prevention of major swings in economic activity cn be handled most easily by the financial or government sector?
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