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Q. Importance of heterogeneity?
The importance of heterogeneity for public policy process can be summarized in two propositions.
- Heterogeneity or conflict of interests is necessary for existence of political constraints.
- The public policy process is concerned with the mechanism by which those conflicts are resolved.
The major economies in the world are in a deep recession although there are some signs of growth. What implications has such a recession had for international business? How have go
general equilibrium analysis of taxation in shven and whalley (1984) article
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Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill's wage i
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Question 1: i) Describe the concept of circular flow of income. ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'. iii)
does privatization decentralise economic power? discuss
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