Answer all the given questions. Section A to be answered in around 500 words each and Section B to be answered in around 300 words.
Part A:
Question 1: The Poverty is endemic. Discuss this proposition with reference to particular groups of population in a country.
Question 2: State the Samuelson’s condition or case for optimal provision of a public good. Illustrate geometrically the determination of the optimal allocation of a private and public good.
Part B:
Question 3: Describe the helpfulness of the environmental accounting. Give a critical evaluation of its implementation in India.
Question 4: Critically observe the role of Informal Regulations on Pollution in the developing economies.
Question 5: Describe the concept of the Optimal Harvesting Age with an illustration.
Question 6: Differentiate between physical capital and human capital. What are the various factors which lead to rise in the human capital?
Question 7: How do you measure the cost of health services? Discuss the impact of technological modification on the cost of health services.