Macroeconomics Answers

During the recent assembly election in Bihar, many of the women voters who supported CM Nitish Kumar's Prohibition Policy were against him. Is prohibition the most effective policy to deal with alcoholism in society? Evaluate the impact of such policy on the different parties - consumer, government and society, primarily using economic reasoning

To show its support for underpaid workers in poor countries who are exploited in sweat-shops and made to work in unsatisfactory conditions, the United States should restrict imports from countries where such conditions are allowed to exist." Evaluate.

how canThe United States can produce product X more efficiently than can Zambia. Yet we import X from Zambia." Explain.

Suppose the Utility function of a consumer is U = 3X + 2Y, where X denotes the quantity of good X and Y denotes the quantity of good Y. The price of X is £1 while the price of Y is £1. The income of the consumer is £10. What is the optimal bundle chosen by the consumer?


a.
X = 2, Y = 8


b.
X = 0, Y = 10


c.
X = 10, Y = 0


d.
X = 5, Y = 5

THE GOVERNMENT HAS $100 MILLION TO SPEND ON THE ECONOMY, BUT IS UNCERTAIN IF TO DO: OUTRIGHT GOVERNMENT EXPENDITURES OR A TAS CUT; ASSUMING AN MPC = 0.75 AND A TAX RATE = 0.05, WHICH OPTION SHOULD THE GOVERNMENT SELECT THAT WILL MAXIMIZE IMPACT ON THE ECONOMY?

Discuss how South Africa central bank can influence aggregate demand and inflation by adjusting the assets requirements of commercial bank.?

Give a reasons for government intervention

Why have no Major League Baseball player batted .400 since Ted Williams did it more than half a century ago? Is it because today's players are not as good as yesterday's? Explain

I buy $100 New Balance athletic shoes more often than $25 Walmart branded athletic shoes. Does this violate the Law of Demand?

An increase of R5 billion in income in a macroeconomy leads to an increase in R3 Billion in consumtion spending,from this information, we can determine the marginal propensity to save in this economy is?