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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.
WITH reference to incidence taxation,explain with the help diagrams,who bears the incidence of taxation when the demand for a commodity is perfectly inelastic, perfectly elastic an
would a rational producer be concerned with the average or marginal product of an input in dec
to what extent are interest rates determined by the economic theory
critical evaluation of marginal analysis
Describe Dalton''s law of partial pressures, specification of Dalton''s law of partial pressures, Dalton''s law states that, at a given known temperature total pressure exerted b
Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price
why we study micro econmics?
Q. Explain abput Capitalist Class? Capitalist Class:Group of individuals (which represents just a couple of percent of population in advanced capitalist countries) which contro
Question 1: a. What is the supposed rationale for subsidising higher education in various developing countries? b. Do you think there is a legitimate rationale to the abov
IMF-World Bank Harmony: Bretton Woods institutions work in tandem. World Bank BOP support is not available with a Fund Programme, while a Fund Programme cannot be finalised w
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