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Disucss the applicability of the Stolper-Samuelson theorem for predicting terms of trade in two countries.
Briefly discuss the importance of (SMEs) small and medium-sized enterprises sector in the South African economy.
Assume the price of apples increases from $20 to $25 and quantity demanded falls from 10 to 5 tons

How does the four external factors influence Volkswagen?


“Assume the world economy has only two countries, Utopia and Nirvana, each of which

produces two products, milk and honey. Suppose that Utopia can produce 12 bottles of milk or

10 bottles of honey per hour, and Nirvana can produce 4 bottles of milk or 6 bottles of honey

per hour.”

Do you agree that Utopia has both the absolute and comparative advantages over milk and

honey? Justify your answer with appropriate analysis.


Economy is at its equillibrium in the long run, if its nominal money supply increases , how will economy respond in its short run
What happen in inflation and unemployment in the short run philip curve when sarb increase money supply
The long run philip curve shift to the left when?
The philip curve shift to the left when?
The trade off between unemployment and inflation:
(I) is depicted by the long run philip curve
(Ii)is consistent with money neutrality
(Iii)shows effects of monentary policy in the short run
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