Search & Filtering
Identify and discuss five (5) of the characteristics the developing world share. What are some dimensions in which developing countries show notably wide variations?
- “Since all taxation transfers income from the population to the states, it does not matter very much, if this transfer is through direct taxes on incomes, or indirectly by taxes on various goods and services.” Discuss
- Discuss the need for, and problem associated with, the administration of subsidies .
- Will inflation peter out?
- Examine the major types unemployment and the need for such categorization.
Since all taxation transfers income from the population to the state, it does not matter very much if this transfer is through direct taxes on incomes or indirectly buy taxes on various goods and services.Discuss
discuss how the low of supply and demand affects the housing market with the Uk in general (use graphs to reinforce the answer)
When a firm uses different factors of production or least cost combination the optimum combination of factors is achieved when MPl / Pl =;MPl / Pl. Intuitively explain this statement
Show or prove that; x ^ (m/n) = n * sqrt(x ^ m) = (root(n, x)) ^ m
The population in Country C decrease due to a lower birth rate. At the same time, there is an increase in the cost of fertilizer, which is used to grow vegetables. Explain how the market for vegetables will be affected by these changes. Clearly indicate how the equilibrium price and equilibrium quantity will be affected by these changes. Make use of a combination of diagrams and verbal explanation to explain your answer.
In recent years, especially around big cities, there is the problem of air pollution
and the likelihood of poisoning is high. Given this scenario, do you think that air is
free resource? Justify your answer.
Sailright Inc. manufactures and sell sailboards. Management believes that the price elasticity of demand is -3.0. Currently, boards are priced at $500 and the quantity demanded is 10000 per year. If the price is increased to $600, how many sailboards will the company be able to sell each year? How much will total revenue change as a result of the price increase?
Two drivers – Itchy and Scratchy – each drive up to a petrol station. Before looking at the
price and starting to pump petrol, Itchy says: ‘I will buy 20 litres of petrol’. Scratchy says: ‘I
will buy $30 of petrol’. What is each driver’s price elasticity of demand?
