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question 1a explain the relationship between scarcity choice and opportunity costb how is choice about the use of scarce resources made in a market
question1 explain the term balance of payments bop and how a government would intervene to correct a bop deficit2 explain the protectionist measures
questionin several countries recently many people have become unemployed analyse the different types of unemployment in an economyexplain the likely
questionevaluate the roles and functions of the bank of mauritius in ensuring monetary stability in the economyexplain economic growth and its
questiona explain the law of demand and the factors affecting demand for a product or serviceb explain and illustrate diagrammatically how the market
questionexplain the relationship between scarcity choice and opportunity costin a capitalistic system consumer sovereignty is the key explain and
questiona explain with the use of appropriate techniques how can an increase in investment spills over to other sectors in the economy and what
questiona differentiate between returns to factor and returns to scaleb in the long-run the average cost curve is u-shaped discussc whenever a firm
questiona state and explain the assumptions of a perfectly competitive marketb analyse the effects on the firms profit and output of an increase in
questiona explain the 3 different ways of calculating national incomeb does the national income figure accurately reflect the living standard of a
questiona explain the law of demand and the factors affecting demandb explain and illustrate how demand of a commodity will change if there is a tax
questiona distinguish between monetary and fiscal policy giving examples where appropriateb discuss how fiscal and monetary policies might be used by
questiona using diagrams where appropriate explain the concepts of scarcity choice and opportunity costb distinguish between positive and negative
questiona analyze the characteristics of a monopoly marketb distinguish between the short and long run equilibrium of a monopolyc compare and
questionno point is better accepted than the fact that the monopoly price is higher and the output smaller than what is socially ideal the public is
questionadiscuss whether international trade between countries is always beneficialbwhat are the economic reasons for protectionismcdoes the national
questionawhat are the characteristics of command and market economiesbin a number of countries in recent years there has been a movement towards a
questiona what are the causes of inflation in an economyb discuss the policy implications that the central bank will implement if there is excess
questionadifferentiate between price income and cross elasticitys of demandbhow can the concept of price elasticity be useful to the owner of a
a what are the problems associated with r2 and how can adjusted r2 solve themb if the regressors in an equation are highly correlated which
a what is meant by heteroscedasticity and what are the consequences of applying ols estimation in its presenceb explain in details the
problema why is an error term added to a regression and explain its importance in the ols procedureb suppose we have a linear equation with a
questiona with reference to the characteristics of market structure describe why the market for powdered milk in mauritius is an appropriate example
question 1a describe the different types of unemployment that existb critically examine how monetary policy will be used to deal with inflationc
2 given the following information consumers are very optimistic about the future the price of oil has just doubled the money supply is