questionexplain the relationship between scarcity
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questiona explain the 3 different ways of calculating national incomeb does the national income figure accurately reflect the living standard of a
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 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 explain with the use of appropriate techniques how can an increase in investment spills over to other sectors in the economy and what
questionexplain the relationship between scarcity choice and opportunity costin a capitalistic system consumer sovereignty is the key explain and
questiona explain the law of demand and the factors affecting demand for a product or serviceb explain and illustrate diagrammatically how the market
questionevaluate the roles and functions of the bank of mauritius in ensuring monetary stability in the economyexplain economic growth and its
questionin several countries recently many people have become unemployed analyse the different types of unemployment in an economyexplain the likely
question1 explain the term balance of payments bop and how a government would intervene to correct a bop deficit2 explain the protectionist measures
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