Search & Filtering
Explain the effects on the real money supply and current price level of a slowdown in the rate of money growth. (kindly.
A college student has two options for meals: eating at the dining hall for $6 per meal, or eating a Cup O’ Soup for $1.50 per meal. Hisweekly food budget is $60.
a). Draw the budget constraint showing the trade-off between dining hall meals and Cups O’ Soup. Assuming that he spends equal amounts on both goods, draw an indifference curve showing theoptimum choice. Label the optimum as point A.
b). Suppose the price of a Cup O’ Soup now rises to $2. Using your diagram from part (a), show the consequences of this change in price. Assume that our student now spends only 30 percent of his income on dining hall meals. Label the new optimum as point B.
Between 1960 and 2010 the annual growth rate was 3% in country A and 1% in country B. The two countries are in the process of convergence if:
(a) in 1960 country A was poorer than country B
(b) in 1960 country A was richer than country B
(c) since 1960 the capital output ration has increased more in country A than in country B
(d) the savings rate is higher in country A than country B
(e) both (a) and (c)
In the classical model of the labour market, involuntary unemployment will increase if:
Suppose that
C = 60 + 0.8YD
I = 150 - 10r
G = 250
T = 200
Ms
= 100
Md
= 40 + 0.1Y - 10r
a. Write the equations for the IS and LM schedules.
b. Find the equilibrium values for income ( Y0 ) and the interest rate ( r0 ).
Given the following national income model:
and
𝑇=𝑇 +𝑡𝑌 0
𝑌 = 𝐶 + 𝐼0 + 𝐺0
𝐶 = 𝐶0 + 𝑏(𝑌 − 𝑇)
where 𝑌 = 𝑖𝑛𝑐𝑜𝑚𝑒, 𝐶 = 𝑐𝑜𝑛𝑠𝑢𝑚𝑝𝑡𝑖𝑜𝑛, 𝑇 = 𝑡𝑎𝑥𝑎𝑡𝑖𝑜𝑛;
𝑤h𝑒𝑟𝑒 𝐶0 > 0; 0 < 𝑏 < 1; 0 < 𝑡 < 1
Using Cramer’s rule to derive an expression for the equilibrium level of income, consumption, and taxation.
4Dumisane knows that he needs to stay abreast of what is happening in the business environment around him.He is aware that the business environment is dynamic and he needs to be aware of the changes that might influence his computer services business,named Gigs and Gadgets. Dumisani does elementary environmental scanning.
Which one of the following statements regarding elementary environmental scanning is correct?
1Dumisane contacts a consultant to determine which factors will influence his business in the short and long term.
2Dumisane updates himself regularly by means of newspapers,SMME websites and his own sales records.
3Dumisane has employed a person in Gigs and Gadgets to monitor changes in the business environment.This person is responsible for conducting regular research projects and to assess general economic fluctuations.
4Dumisane has contacted an environmental scanning company and pays them a hefty amount every month as a retainer so that they can keep watch over his business environment.
3.Which one of the following is NOT a variable in the macro environment?
1 The technological environment
2 The economic environment
3 The social environment
4 The competitive environment
1.Tsogo Sun’s group values reflect the values of the top managers and contribute to the planning context of the organisation. These values influence and cement the organisation’s culture, values and structure. An organisation’s culture, values and structure are all variables in the organisation’s ____________environment over which management has ____________ control
1 micro/no
2 micro/direct
3 market/no
4 market/direct
2.Which one of the following is an example of a variable in the physical environment?
1 South Africa’s power is mainly supplied by Eskom whose production capacity was strained in recent years, resulting in load shedding.
2 New cultural values are emerging among young urban black people in South Africa.
3 The release of the Companies Act 71 of 2008, which has replaced the old Companies Act and amends the Close Corporation Act 69 of 1984.
4 The Consumer Protection Act 68 of 2008 which came into effect in 2011
The brand name, Tsogo Sun, and its Sunburst logo are part of the _____________ resources of the company.
1 tangible
2 intangible
3 organisational competency
4 human
