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Problem 1:
The national budget exercise is nothing more than a political exercise. Discuss.
Problem 2:
a. What do economists mean by the term ‘efficiency'?
b. What are merit goods? What is government's role in redistribution?
c. Why might government intervene in the in the market's allocation of resources, even when it is Pareto efficient?
Problem 3:
Even if there is no consensus over the use of cost-benefit analysis, cost-effectiveness is a goal that can draw on wide support.
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2.
What is Microeconomics It studies the principles and problems of an individual business firm or an individual industry. It services the management in evaluating and forecasting
Difficulties in using fiscal policy There are several problems involved in implementing fiscal policy. They include: Theoretical problems Monetarists and the Keynesia
briefly explain oppurtunity cost in decision making?
Q=5K0.4 L0.6 WHERE K is number of mchine,L s number of labour, price of unit is RM24 & wages og each lanour rm12. the company constraint by it budget rm 1500 per time period. a) co
the benefits of exchange in the light of the law of association, the introduction of money in direct exchange and way income gets distributed among market participants
Determinants of the money supply Two extreme situations are imaginable. In the first situation, the money supply can be determined at exactly the amount decided on by the Cen
Environmental issues of Managerial economics Managerial economics also includes some aspects of macroeconomics. These relate to political and social environment in that anin
Why do the inclusion of opportunity costs in cost-and-supply analyses help individuals make better decisions and improve outcomes?
Why does the demand curve slope downwards? As Figure above demonstrates, demand curve slopes downward to the right. Downward slope of the demand curve reads the law of demand i
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