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Two hundred citizens in country X were asked about their support for three projects in the country, a hospital, a school and a market place. The following results were obtained 2 citizens support all the three projects,12 citizens support the hospital and the market 40 citizens support the school and the market, 30 citizens support the hospital,80 citizens support the school and 50 students support market place project, with aid of Venn diagram, Determine how many citizens in that country
i) Do not support any of three projects
ii) Support the hospital only
ii) Support neither the hospital nor the school
iv) Support at least two projects in the country
Becky and Sarah are sisters who share a room. Their room can easily get messy, and their parents are always telling them to tidy it. Here are the costs and benefits to both Becky and Sarah, of taking the time to clean their room: If both Becky and Sarah clean, they each spends two hours and get a clean room. If Becky decides not to clean and Sarah does all the cleaning, then Sarah spends 10 hours cleaning (Becky spends 0) but Sarah is exhausted. The same would occur for Becky if Sarah decided not to clean—Becky spends 10 hours and becomes exhausted. If both girls decide not to clean, they both have a dirty room.
- What is the best outcome for Becky and Sarah? What is the worst outcome? (It would help you to construct a prisoner’s dilemma table.)
- Unfortunately, we know that the optimal outcome will most likely not happen, and that the sisters probably will choose the worst one instead. Explain what it is about Becky’s and Sarah’s reasoning that will lead them both to choose the worst outcome.
Given the demand for a product as Qd=26-8P and the supply as Qs=-16+6P. You are told equilibrium is obtained at the point where Qd=As.The equilibrium price for the product is
Assume that the full-employment income level is higher than the equilibrium income level. Full employment can be reached if a)exports increase.
b)imports decrease.
c)the tax rate decreases.
a. All the statements are correct.
O b. a and c
c. a
O d. b
O e. c
The introduction of taxes to the Keynesian model...
O a. Increases investment spending at each positive level of income.
O b. Cause the slope of the consumption curve to become steeper.
O d. Causes the consumption function to shift parallel upwards.
O e. Causes the consumption function to shift parallel downwards.
O c. Flattens the consumption curve.
The introduction of taxes to the Keynesian model...
O a. Increases investment spending at each positive level of income.
O b. Cause the slope of the consumption curve to become steeper.
O d. Causes the consumption function to shift parallel upwards.
O e. Causes the consumption function to shift parallel downwards.
O c. Flattens the consumption curve.
Suppose an endogenous tax variable is introduced in our Keynesian model, what will happen to the size of the multiplier?
a. It will remain the same.
O d. The size of the multiplier and the tax rate are not related.
c. It will decrease.
O b. It will increase.
Assume that country A relies more heavily on imports than country B, while other macroeconomic conditions are the same. If there is a positive relationship between domestic economic activity and imports, then the multiplier of country A will be
O c. as large as country B's.
O b. smaller than country B's.
a. larger than country B^ prime s .
O d. uncertain.
Given the following information for a small open economy: C=R1 000+0,2Yd The government spending is R300, The proportional tax rate is 28%, Exports are R100, Z = R * 2O + 0, 1Y and Investment is R200.
Calculate the multiplier and equilibrium level of income.
O d. 1,60 and R2 528 respectively
O c. 1,85 and R2 923 respectively
O b. 1,32 and R2 086 respectively
O a. 1,05 and R1 659 respectively
Use the following information to answer question:
Autonomous ption = 1200
Government spending y = 1500
Y=5 000
c = 0.80
t=0\%
Total savings is...
a. -200
O b. 1000
O C. -1 200
O d. 200
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#340153 on Dec 2023