Ask question Search Order By: ActiveCategoryTagClear Filter 0 Votes 1 Ans This question refers to the first fundamental theorem of welfare economics. (a) State and intuitively explain the three conditions for Pareto efficiency in an economy with no public goods (b) State and explain the importance of the first fundamental theorem of welfare economics. (c) State and explain the Samuelson condition 145 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans Discuss the role of assumptions in economics. Use the first fundamental theorem of welfare economics to illustrate your point. 138 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans List out 4 simplifying assumptions used in economics! 108 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans Explain the difference between positive and normative statements 149 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans How does politics affect economics and economics affect politics? What’s the impact of Covid-19 on international economics? 184 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans What Is Institutional Economics About? How Transaction Cost Theory has its connection with Institutional Economics? Explain 107 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans Explain the significance of policy agreement and policy disagreement IN INTERNATIONAL ECONOMICS 115 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans From an Economics perspective, who wins and who loses in the globalization of trade? why? 131 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans Distinguish between income and substitution effects of a price change for a consumer (6 marks) 106 viewsAssignment Maker Changed status to publish September 23, 2022 0 Votes 1 Ans From an Economics perspective, who wins and who loses in the globalization of trade? why? 121 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Distinguish between income and substitution effects of a price change for a consumer 120 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Explain the significance of policy agreement and policy disagreement IN INTERNATIONAL ECONOMICS 166 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans What is induced value theory? 121 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans This question refers to the first fundamental theorem of welfare economics. (a) State and intuitively explain the three conditions for Pareto efficiency in an economy with no public goods (b) State and explain the importance of the first fundamental theorem of welfare economics. (c) State and explain the Samuelson condition 123 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Ricardo did not only confine the scope of economics but he also, by starting from generally accepted starting postulates, drew theoretical economics away from the real world and praised logical refutation rather than empirical verification. Why is this called as “Ricardian vice”? 98 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Explain international economics 146 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans How does politics effect economics and economics effect politics? What’s the impact of Covid-19 on international economics? 106 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Please, discuss about new challenges for various countries economics and new possible discussions about international trade/ trade regulations. What new trends in economics might change worldwide? 107 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 0 Ans What Is Institutional Economics About? How Transaction Cost Theory has its connection with Institutional Economics? Explain 108 viewsAssignment Maker Changed status to publish September 21, 2022 0 Votes 1 Ans Explain the difference between positive and normative statements 118 viewsAssignment Maker Changed status to publish September 21, 20221 2 … 17 18