Question one

5:32E U '0 0 . 2'13. 3}; 4&1 READ ONLY - This is an older le format... v Instructions: Attempt all questions with clear referencesfcitations and use of economic concepts. Question One a) With clear examples, explain how the theories of demand, supply and production can help you as a manager to explain to a lay man and hence help him/her understand the existing spike in the cost of medical services in relation to Covid-19 patients admitted in private hospitals. b) Given your understanding of a free market economy, what policy recommendations would you recommend to the government of Uganda to make access to medical services affordable to all. Question Two a) There are increasing voices calling on the government to allow access of employees to their social security savings (N SSF) in case of an emergency such as sickness even before some one has reached the retirement age. Examine the arguments raised for and against such a policy. b) With reference to a social security system of any country known to you that you have read about, show how people in such a country are enabled to access their savings when need arises, and hence come up with policy recommendations to the government of Uganda. Question Three a) The government of Uganda has made several attempts to protect the environment. With clear examples, explain the various attempts that the government has done to protect our environment, the successes so far achieved and the failures so far manifested. b) The government of Uganda has of recent abolished the OTT tax and replaced it with a tax on data. Using your knowledge on the essentials of a good a tax system, make a critical assessment of this tax base shift. C) O '3