Economics 9708/43 Oct Nov 2015

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- Comparison of the "machine" versus "garden" models of the economy, focusing on regulation, efficiency, and the role of government.
- Analysis of government spending's role in reviving a weak economy and its impact on resource allocation and job creation.
- Concept of the margin in consumer theory and its relevance for firms in setting business objectives.
- Causes of unemployment and wage rate impacts on long-term unemployment in specific industries using economic theory.
- Effects of fiscal policy and market competition on small retailers compared to larger and online competitors.
- Assessment of low interest rates' impact on various economic groups and their role in achieving macroeconomic goals.
- Debate on whether developing countries should pursue development given the potential structural changes, environmental costs, and inequality.