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Problem 1:
Health insurance leads to health promotion. Using diagrams, describe the impact of health insurance on the demand for health care.
(a) Distinguish between negative and positive externalities? Justify your answer using examples.
(b) To what extent do government policies corrects for both externalities?
Problem 2:
(a) Using diagram, describe the impact of:
(i) Wage floor in the labour market.
(ii) Rent ceiling in the market for apartment.
(b) Describe the economic impact of taxes.
(c) Using the demand for cigarettes determine the effectiveness of a tax levy.
explain how macro and micro issues may be represented using production possibility curve
heckscher - ohlin theory of trade
The accompanying table represents the price and yearly quantity sold of ice cream cones on Sidfield Island. Price of Ice Cream Cones Quantity of Ice Cr
Current Account Deficit (CAD): Boon or Bane The general belief is that high CADs are dangerous. In general, this is correct. But the converse that low CADs are good is not. A
Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or
How do we measure economic growth and why do we need economic growth? (ii) What can governments do to stimulate economic growth and create jobs? (provide some current examples) (ii
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periodic table groups and acid and basic radical
What are the basic analytical frameworks of modern economics? The fundamental analytical framework of modern economics: The fundamental analytical framework for an econom
CONCEPT AND MEANING OF INFRASTRUCTURE: Infrastructure sectors are the backbone of a national economy. It has been commonly opined that infrastructure development is closely re
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