Question 3 [20 marks]
An economy can be described by the production function,π = πΉ(πΎ, πΏ) = πΎ πΌπΏ 1−πΌ
(a) Show that this production function exhibits constant returns to sc
Question 1 [10 marks]
Consider a two-period economy with a household and government.
The household behaves according to its intertemporal budget constraint, but faces a borrowing constraint that preve
βDecolonisingβ has become a buzzword in debates about education in recent years. To what extent can a βdecolonizingβ agenda help address persisting inequalities in education? Please choose
