Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Distinguish between benefits-received and ability-to-pay principles of taxation. Describe the relationship between elasticities of demand and supply and efficiency loss of a particular tax.
Explain graphically the collective demand curve for the particular public good and describe this curve.
Describe the single-tax theory and its criticisms. Describe how rent functions as a cost to the individual firm.
Describe the demand factors which create wage differentials. Describe the supply factors which create wage differentials.
Mention the rule for determining the least cost combination of resources. Determine the least cost combination of resources when given appropriate data.
Write down the possible sources of R&D financing. Describe how marginal utility theory can be used to find out the success or failure of a new product.
List the characteristics of monopolistic competition. Differentiate between homogeneous and differentiated oligopolies.
Write down the five characteristics of pure monopoly. Describe the difference between a “pure” monopoly and a “near” monopoly.
Illustrate out the meaning of a perfectly competitive market and in brief describe the main situation essential for a perfect market to exist.
Critically investigate the dissimilar measures of economic development. Elucidate using diagrams why a 10% raise in investment leads to a higher percentage raise in National Income?
What measures can a government take to ensure that the advantages of economic growth trickle down to the poor? What is endogenous growth theory and what are its policy implications?
To what extent can political business cycles describe the size and composition of public expenditure? A perfectly competitive firm is better than a monopoly firm in terms of economic efficiency.&
According to you, how best does the Theory of Purchasing Power Parity illustrate exchange rates? What are the factors affecting exchange rates in long run?
What are the disadvantages and advantages of monopoly market? Is Protectionism always advantageous? Discuss and explain with aid of examples.
The very existence of market failure suggests government intervention and provision. Discuss and illustrateWhat do you understand by the phrase ‘economic efficiency’?
Illustrate the main causes of the unemployment. To what extent can fiscal and monetary policies be employed to deal with a high rate of the inflation?
Illustrate out the relationship between inflation and unemployment in short run and long run. Using the concept of the multiplier, discuss and describe how a country’s involvement in internatio
Write down the strengths and weaknesses of mixed economy. Compare and contrast the short-run and long-run output decisions of perfectly competitive firm and the monopoly.
Illustrate the concept of circular flow of income. What do you understand by the term economic growth? Identify and comment briefly on the possible contributors to economic growth.
Using instances explain the concepts of diseconomies and economies of scale? Make a distinction between price, income and cross elasticities of demand for product.
Discuss and describe the various kinds of economies of scale and discuss whether they always enhance the welfare of consumers.
‘There is no relationship between inflation and unemployment either in the short run or in the long run’ Discuss. Critically determine the costs of inflation. Which of these items is like
Describe briefly the SCP paradigm and discuss how far tourists might respond to competition from domestic or foreign rivals by means of dissimilar kinds of economic integration. Use relevant i
Explain the likely consequences of Inflation in economy. Explain and discuss how monetary and fiscal policies might reduce the rate of inflation in economy.
Discuss the likely consequences of a recession on a government’s budget? Explain and discuss the Law of demand and the factors influencing demand for a product or service.