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How did the regional issue affect the operation of the soft budget constraint and the emergence of hyperinflation in Yugoslavia?
What were the changes in agricultural policy in the Dengist period, and why are they reaching their limits?
Evaluate the role of the caste system in India's society and economy. Does it have any benefits?
What is the status of women in India, and how does it affect the prospects for India's development? Can this status be changed, and if so, how?
What are the benefits and dangers of the drive toward regional decentralization of economic policy in India?
Evaluate the pros and cons for economic policy and performance of political democracy in India.
Can the Hindu nationalists successfully lead the movement for economic reform in India without compromising their principles?
How is the state of Kerala a model for the rest of India? How is it an example to avoid? Can these conflicting tendencies be reconciled, and if so, how?
Evaluate the legacy and influence of the economic thought of Mohandas (Mahatma) Gandhi in India today.
Evaluate success or failure of India's policy of import substitution in its effort to industrialize after independence. Why was it so committed to such approach
Learning Objective: Examine strategies for developing effective communication.
How does the socialist market economy differ from market socialism?
The marginal cost in this industry is $10 per unit, and there are five firms. Find What would the Lerner index be at the Cournot equilibrium in this industry?
Provide a graphical two-commodity example of a preference relation generating an income elasticity of the demand for public good that is greater than one.
Describe the expenditures at each stage of the development process in terms of ensigncy and equity.
Let there be two identical consumers. What would be the share of the cost each should pay for a public good at the Lindahl equilibrium?
Consider four students deciding to jointly share textbook. Describe a practical method for using the Lindahl equilibrium to determine how much each should pay.
How do prices ensure that the eminency condition is satisfied for private goods? Why the same not true when is there is a public good?
What is the value of the total purchases at the Nash equilibrium if your neighbors also have $10 each?
In the United Kingdom the lifeboat service is funded by charitable donations. How can this work? Discuss how are the rescue services funded in other countries?
Under what conditions will it be ancient for the firm not to produce? What is the consumption level of the consumer in such a case?
Find what is the maximum amount that they could pay for the sofa and still both be better than without it?
What is the consumption level of the consumer in such a case? Provide an interpretation of this possibility.
In the 1980s both the United Kingdom and the United States had governments that aimed to cut expenditure. Why could any government now cut expenditure?
Discuss what factors might have been responsible for the growth of government expenditure between 1920 and 1940?