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The spread of COVIC-19 across all countries of the world resulted in resorting to various forms of lockdown measures. The locks down measures crippled many economies including the South African Economy. To resuscitate these economies, there is renewed interest in fiscal policy as a tool macroeconomic policy. Critically discuss the shortcomings of anti-cyclical policy
collection of tax revenue for the ever increasing public expenditure. COVID-19 made all government
sof the world over to resort to lockdowns to curb the spread of the disease. The lockdowns have a
direct effect of reducing business activities and hence, decrease in revenue collections. Citizens
willingness to pay tax largely depends on the perceptions the public have on the tax system,
Critically discuss any 7 requirements of a good tax system
implemented, namely, sanitizing, social distancing, hand-washing, working from home or online and
various forms of Lockdowns. The hope of all nations is to vaccinate at least 70% of the population to
reach head-immunity. This is based on Scientific advice, that once that population percentage is
immunized, the whole population would be protected, Economist call this positive externality in
consumption. With suitable diagrams, illustrate and discuss the phenomenon highlighted above.
5. Find the slope of an assumed linear demand curve for theater tickets, when persons purchase 1,000 at $5.00 per ticket and 200 at $15.00 per ticket.
3. The market for lemon has 10 potential consumers, each having an individual demand curve P = 101 - 10Qi, where P is price in dollars per cup and Qi is the number of cups demanded per week by the ithconsumer. Find the market demand curve using algebra. What is the quantity demanded by each consumer and in the market as a whole when lemon is priced at P = $1/cup?
A pharmaceutical company Eureka Bio has discovered a Corona vaccine that can be produced at constant marginal cost of R10. The company has entered into offtake dosage agreements with Country A and B. Country A has a dosage demand of QA = 200 - PA, and Country B has dosage demand QB = 160 - PB.
(c) If World Health Organization introduces a regulation on the price of dosages, calculate the price, profits and dosages that Eureka can charge. [5]
South Africa, intergovernmental grants have been a important source of finance for Local
Governments. The allocations of these funds for use in the local authorities have been questionable,
some doubting if the funds are use for what they were earmarked for. Critically discuss, with the aid
of diagrams the conditional no -matching grants with unconditional nonmatching grant
#340153 on Dec 2023