firms are profit-maximising agents

firms are profit-maximising agents
INSTRUCTIONS
Answer ONE QUESTION FROM EACH BLOCK, three questions in total. No individual answer may exceed 400 words in length. The total wordcount for all answers may not exceed 1200 words.
BLOCK A
Answer one of the following questions in no more than 400 words.
A.1. Critically assess the idea that firms are profit-maximising agents.
A.2. With reference to government intervention in markets, discuss the view that regulation is more effective than taxation in helping to reduce carbon emissions.
BLOCK B
Answer one of the following questions in no more than 400 words.
B.1. ‘Government should increase spending in times of severe economic downturn’. Critically assess this argument.
B.2. With reference to potential benefits and costs, evaluate whether seeking full employment makes good economic sense as an objective for government policy.
BLOCK C
Answer one of the following questions in no more than 400 words.
C.1. Evaluate the extent to which comparative advantage explains current international trade patterns.
C.2. To what extent should economic growth be considered the primary economic goal for government? Answer with reference to costs and benefits of economic growth.
END OF EXAMINATION

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