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Elucidate reallocation of Government resources?
Describe Spillovers and externalities?
Evaluate and explain the statements: “Market is its own guardian implies that there really is an invisible hand or taskmaster that watches over the decision makers in the marketplace”
Evaluate and explain the statements: “In the economic sense production methods are the most efficient methods, once resource prices are considered and are lesser in sense of engineering”.
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
Describe the term: “Only to be part with it we want money”?
What do you mean by spillover. Write short note on it?
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
What divergences arise between equilibrium and an efficient output when spillover costs? How might government correct this divergence?
Illustrate the 4th role is the reallocation of resources?
Illustrate the 3rd the government redistributes income?
Illustrate the 2nd function to promote and maintain competition?
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
How do you account for the dominant role of corporations in the U.S. economy?
Briefly state the pros and cons of Corporation?
Briefly state the pros and cons of Partnership?
Briefly state the pros and cons of Proprietorship?
What are the major legal forms of business organization?
Illustrate the Risks involved with bonds?
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Distinguish clearly between a plant, a firm, and an industry?
Writ short note on the Income of personal distribution?
which type of tax, direct or indirect is applicable in underdeveloped countries? Why? Show your critical areas and weaknesses.