Question 1:
Illustrate the three (3) main Economic Systems?
Question 2:
How can knowledge on price, income and cross price elasticity of demand, be helpful to Government and a firm, respectively?
Question 3:
Many of the Eastern European countries who were previously centrally planned economies have placed greater emphasis on market forces. Discuss and describe the reasons behind such a trend.
Question 4:
Illustrate the main causes of the unemployment.
Question 5:
What do you understand by the terms which are given below?
i) Demand-pull inflation
ii) Cost-push inflation.
Question 6:
To what extent can fiscal and monetary policies be employed to deal with a high rate of the inflation?
Question 7:
According to you the Central Electricity Board in Mauritius operates in which kind of market structure? Justify your answer with the help appropriate instances.