Other Economics Answers

Choose which Principle of Economic Thinking in present in this scenario: 

You are coming home from practice. It is late and you are tired. You see you need to get gas for your car, but you really just want to go home. "I'll just get gas on my way to school tomorrow" you think. The next day, you forget you needed gas until you got in your car, and now you will be late to school. 

Choose which Principle of Economic Thinking in present in this scenario: 

You are going out shopping. You need some vegetable, new clothes for school, and some windshield wiper fluid for your car. You don't want to have to go to a farmers market, a department store, and a car shop to get each thing. Luckily, Meijer sells all of those in one place so you decide to go there. 

Income Tax Law ( India )

Mr. X owns a flour mill and some agricultural land. During the previous year 2017-18 he has shown a profit of 26 lacs from the business of flour mill. On scrutiny of accounts it was found that he has used 4,000 quintals of wheat produced in his own farms and cost of this wheat has not been debited to P & L account. The market price of the wheat during the season was 500 per quintal. Find out his agricultural and business income

A major farming company is planning to purchase new tractors. It wants to borrow $650 million by issuing bonds. The bonds are for a 12-year period with simple interest computed quarterly at a rate of 10 percent per year. Interest is to be paid each quarter to bondholders. How much will the airline have to pay it. quarterly interest? How much interest will it pay in the 12-year period?

The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.

You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G.

Consumption 350 billion G

Transfer payments 100 billion G

Investment 100 billion G

Government purchases 200 billion G

Exports 50 billion G

Imports 150 billion G

Bond purchases 200 billion G

Earnings on foreign investments 75 billion G

Foreign earnings on Amagre investment 25 billion G

Compute net foreign investment.

Compute net exports.

Compute GDP.

Compute GNP.

What is a variable cost to a firm producing cakes?

A. The ingredients of its cakes

B. The invest on money borrowed

C. The monthly rent of its factory

D. The salaries of its managers

Although not explicitly mentioned in Chapter 20, John Maynard Keynes is considered a foundational source in the understanding of macroeconomics. After performing research outside the textbook, please explain in three well-structured paragraphs the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.

Using a case study, explain Jared Diamond’s collapse thesis. (10)

 Using a case study, explain Jared Diamond’s collapse thesis. (10)