ANSWER_TO_OLD_COMPULSORY_QUESTION

ANSWER_TO_OLD_COMPULSORY_QUESTION - Exam paper Spring 2010:...

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Exam paper Spring 2010: COMPULSORY QUESTION 1. Identify, and comment briefly on, the positive propositions and value judgements which could be invoked in support of any TWO of the following policy options in response to the budget deficit:- (i) reduce public investment in any environmental project you may care to select; (ii) raise VAT; (iii) just sell more government bonds; (iv) freeze all public sector pay scales; (v) allow inflation to reduce the burden of public debt. ANSWERS Examples of +ve. propositions and v.js. in question 1: ( Remember that these indicate only one suggested route in each sub-question that could be taken, and it is quite possible that one could suggest other routes) (i) reduce public investment in any environmental project …:- [suppose that selected a project that involved a cut in expenditure on methods of reducing crbon emissions] (a) can save money straight away – is a +ve. prop. and depends on assumption that authorities not bound too much by contracts already entered into for
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ANSWER_TO_OLD_COMPULSORY_QUESTION - Exam paper Spring 2010:...

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