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like a good economist, you calculate the opportunity cost of getting your college degree. suppose that at your university you will pay 12,000 each year for tuition, 2,000 each year for books, and 8,000 per year for room and board. before you left for college, your boss at your high school job offered you a job paying 20,000 per year.
Assume if you decided not college, your parents would not let live at home.
What is your opportunity cost for four years of college?
Do you think South Africa will recover its economy amid the pandemic? Explain.
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $15000 each year for tuition, $2500 each year for textbooks, and $12000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $25000 per year.
Assume that if you decided not to go to college, your parents would not let you live at home.
What is your opportunity cost for four years of college? $
Let E denote the new equilibrium point, corresponding to the intersection of new curves FG and XX, characterized by higher domestic prices. Suppose that the government would like to bring the economy back to its initial equilibrium position (before the increase in foreign output), point E. corresponding to the intersection of the initial curves FG and XX
Differenciate between Point voting and Vote trading(Logrolling).
As announced in the 2021-2022 National Budget, the Fijian Government is supporting formal and informal sector employees on Viti Levu who are affected by the pandemic through monthly payments of $120 for a period of six months (August 2021 – January 2022). The Fiji Sun dated 23rd August, 2021 reports “Attorney-General and Minister for Economy yesterday tweeted that: “Days ahead of schedule, we have met the once-in-a-century COVID-19 crisis with one of the largest assistance payouts in history. $72m was paid in unemployment benefits to 200,000 Fijians. In the coming days, we’ll reach 60,000 more bringing the total payout to around $94m.”
As an economist you are trying to assess this COVID-19 benefit scheme. In the essay critically evaluate the above COVID-19 Unemployment Assistance from the Fijian Government. Follow the rubric below – have an introduction, body and conclusion.
