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Is there a consensus view on the responsibility of government?
Highly controversial and depends onto your view like to whether markets work. International agencies as like the World Bank and most developed countries are adamant LDC governments accept a markets work laissez faire approach to growth:
• Own and lead the development procedure into own country supported through international community.
• Take action to decrease corruption and the misuse of power for private advantage or advantage,
• Ignore economic activities best undertaken through the private zone
• Make sure stable macroeconomic environment and stable currency to enable and promote private sector
• Collect progressive taxation at rates which do not discourage employees or discourage firms by taking risk for profit
• Give a safety net for those is not capable to take part into a market economy for example disabled
• Make sure political, economic and social stability
• Accurate the worst features of market failure and give public and merit goods for example universal primary schooling
You are given the following functions in a fully competitive market: Market demand function: Qd = 20 – 3P Market supply function: Qs = 4 + P Where P is price A) In which price s
why does the quantity of salt demanded tend to be unresponsive to change in its price?
#what questDynamic Multiplier, Economicsion..
QUESTION (a) Senior executives of the public sector are now faced with the challenging task of evaluating ‘e-Government' projects. Discuss the main character features involved
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(present value) Suppose an entrepreneur considers to invest in a project. It needs a cash investment $I at year t = 0. If she/he invests, the project will generate an annual cash
what is the immigration surplus?
The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
Situation: Only a few astute operatives say the crash in real estate prices as the USA entered the summer of 2007. You were one of the few that appreciated that real estate price
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