problem1. describe the dissimilar types of inflation in country.
problem2. Describe the trade-off between inflation and unemployment, using suitable diagrams.
problem3. Mauritius has been facing high rates of unemployment throughout the last few years.
i) What reasons could describe such a surge in unemployment rate?
ii) Describe the measures that the government has taken to curb unemployment problem.
problem4. Make a distinction between laissez-faire and command economic system.
problem5. Assess to what extent it is advantageous for economy when it moves from controlled to a free-enterprise system.
problem6. Illustrate the relationship between scarcity choice and opportunity cost.
problem7. One major objective of many firms is to grow big in size. Describe why this is so.