Search & Filtering
To ensure that an appropriate analysis is carried out, it is important to develop research questions to drive the study. Please construct a research question that relates to any of these topics: inflation, money supply, production and trade.
(a) A descriptive question and what type of analysis you can use.
(b) A correlational/predictive question and what type of analysis you can use.
(c) A cause and effect question and examples of analysis which can be used.
(d) A group differences question and what type of analysis which can be used.
The Ministry of Education wants to know whether entrepreneurial education affects students’ decision to start a business rather than seeking for employment.
(a) Construct a research question based on the scope.
(b) Develop a suitable economic model with at least three independent variables.
(c) Based on (b), define how you measure the variables and construct an econometric model which contains an error term or disturbance.
(d) Give reasons as to why the random error exists.
(e) If data is non-parametric, what technique or test will you consider?
The Ministry of Industry and Trade wants to review the Youth Entrepreneurial Scheme (YES) implemented by the Ministry some five years ago.
(a) Develop a research question to address the impact of the programme in the national income, export trade, local employment and GDP growth.
(b) Outline your dependent variable (DV) and the independent variables (IV) from the research question.
(c) Construct a simple economic model and econometric model and identify the parameters to be estimated.
A. Answer the following questions.
- The world today is experiencing different problems including the COVID 19 pandemic. What do you think will happen to the economy of every country if the problems will not be solved? Why?
- How can applied economics help solve economic problems?
- What is scarcity? How does scarcity affects a community?
- How does basic economic problems affect socioeconomic development of the Philippines in the 21st century?
- Advice on how to cope with the issues on poverty and unemployment to improve the lives of the people? What would you tell him/her?
- In what way is applied economics important in tackling economic issues or problems of the country?
write an essay on Wagner’s law
on 31 May 2018, the club’s assets and liabilities were: Motor vehicle at N$ 14 500, Office equipment at 2 800, Cash on hand N$ 80, Bank balance N$ 3 100 (overdrawn), Saving with Swabou N$ 100, Subscription in arrears N$ 1 260, Bar Creditor N$ 2 440 and Subscription received in advance N$ 200. club also running a bar . 31 May 2019. Receipts Subscriptions received - For year ended 31 May 2018 1 060 - For year ended 31 May 2019 12 900 - For year ended 31 May 2020 570 Bar Sales 9 800 Donation Received 1 600 Payment bar supplies 5 200 Wages: Club Manager 6 300 Wages: Bar lady 1 220 Bar expense 810 Repairs 960 secretary expense 750 Transport expense 460 telephone expense. 31 May 2019 180 Bar Inventory 1 380 Drawings 11 400 Bar supplies Owing 1 390 Depreciation expense: Motor Vehicle 600 Depreciation
: Office equipment 250 a) Calculate accumulated fund at 31 May 2018 03 Marks b)
c) bar trading as at 31 May 2019 & income and expenditure statement as at 31 May 2019 d) statement of financial position at 31 May 2019
show the flow of income and spending between the government, households and firms in a circular flow
During the process of manufacturing , packaging , marketing and delivering alcoholic beverages , the liquor industry stimulates economic activities throughout the entire beverage value chain . Which economic system allows private organisations such as SAB to seek a profile while providing the community with products ?
(a) The market economy
(b) The command economy
(c) Mixed economies
(d) Socialism
According to Maslow's hierarchy of needs , which one of the following categories of needs is considered to be the most important for survival ?
(a) Esteem need
(b) security need
(c) physiological need
(d)social need
