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Assuming that the demand function for Good X is Qd=80-P/2 and the supply function for Good X is Qs=5+5P with a given prices. Make a demand and supply schedule to find the market equilibrium.
For Demand Schedule of Price:
a. 0
b. 4
c. 8
d. 12
e. 16
For Good X:
a. ?
b. ?
c. ?
d. ?
e. ?
Gor Supply Schedule of Good X:
a. ?
b. ?
c. ?
d. ?
e. ?
Describe the functions of money in a South African economy
'When managing an economy, a government needs to use a combination of monetary and fiscal policy, as each policy has benefits and limitations'. Evaluate this statement with reference to South African examples.
Distinguish among the different types of money that can be used in the South African economy
Describe those characteristic/properties that make money useful in an economy like South Africa
Discuss why people would like to hold money
Explain the demand for money in an economy like South Africa
“Regulatory mechanisms are implemented to ensure that there is always a balance between the inflow of money and the outflow of funds so that the financial markets are able to function efficiently and effectively.” Regarding the above statement explain any 3 important regulatory institutions.
Which one of the following represents the most important objective of a business plan?
- A. It identifies and describes the nature of the business opportunity or new venture.
- B. It provides a way to identify the key variables that will impact on the success of the business. .
- C. It acts as a management instrument for comparing actual results with planned outcomes
- D. It presents a written plan on how the entrepreneur plans to exploit an opportunity.
2.2 Assuming a fall in the price of oil, use the AD-AS framework to explain the impact on prices,
employment and income
