Other Economics Answers

which firms does not earn normal profits in the long run?

Long-Run Aggregate Supply and Short- Run Aggregate Supply: Which Curve Shifts?

In the real world, change is typical. In our aggregate demand–aggregate supply model, change means that the curves shift. Careful application of the model requires that you be able to determine which curve shifts, and in which direction, when real- world events occur.

Question: In each of the scenarios listed below, is there a shift in the long- run aggregate supply curve, the short- run aggregate supply curve, both, or neither? Explain your answer each time.

1. New shale gas deposits are found in North Dakota.

2. Hot weather leads to lower crop yields in the Midwest.

3. The Organization of Petroleum Exporting Countries (OPEC) meets and agrees to increase world oil output, leading to lower oil prices for six months.

4. U.S. consumers expect greater income in 2017

For its more recent year a company had sales (all on credit) of Rs.830000 and cost of goods sold of Rs.525000 at the beginning of the year it’s account receivable were Rs.80000 and it’s inventory was Rs.100000. At the end of the year it’s accounts receivable were Rs.86000 and it’s inventory was Rs.110000

on average how many days of sale were in accounts receivable during the year

Which of the following statement(s) is/are INCORRECT concerning the GNI?

[1] The GNI is equal to the GDP plus primary income to the rest of the world minus

primary income from the rest of the world.

[2] The GNI is used to measure the nation’s income over a period of time.

[3] The GNI is equal to the GDP plus primary income from the rest of the world minus

primary income to the rest of the world.

[4] To evaluate the living standards of citizens in a country, policymakers usually use the

GNI.

Which of the following statement(s) is/are correct concerning the Gini coefficient?

[a] The Gini coefficient is used to measure income inequality in a country.

[b] The Gini coefficient is always 0 around the globe.

[c] A country with a Gini coefficient of 0,77 is regarded as a very unequal society.

[d] The value of the Gini coefficient typically lies between 0 and 100.

[1] b

[2] a d

[3] a c

[4] a c d

Which of the following statement(s) concerning GDP is/are correct?

(a) GDP excludes the value of goods and services produced within the boundaries of a

country.

(b) GDP is the total value of all final goods and services produced within the borders of a

country during a certain period.

(c) The value of imported goods is included in GDP.

(d) The value of imported goods is excluded when measuring GDP.

[1] a

[2] a b d

[3] b d

[4] a c

Which of the following statement(s) is/are correct?

[1] The cross elasticity of demand for complements is always positive.

[2] If two products are substitutes, their cross elasticity of demand is always negative.

[3] If two products are complements, their cross elasticity of demand will always be

negative.

[4] The cross elasticity of butter and margarine can be expected to be negative.

What is the five main products for marketing?

Develop a strategy for producing financial statements including income statements,

balance sheet, statement of retained earnings, and cash flow for the purpose of showing

the financial position of your firm to the board of directors.

Explain the types of investments that are in the company’s portfolio by offering an

analysis of net and present values.

Your strategy should incorporate the analysis of relevant cash flows and the capital

budgeting process and provide some insight to the firm’s various sources of long-term

financial planning and policies.

Question one

(a)Explain the credit channel for contractionary monetary policy and explain how a loose monetary policy affects the economy through this channel ?

(b)Discuss the criteria for a good instruments monetary system ?

(c) Explain the four major instruments traded in the money market in Zambia?

(d ) Explain four objectives of monetary policy in Zambia ?

(e) Explain three instruments of monetary policy used in Zambia ?

Question two

(a)how would a decrease in the reserve requirement affect (a) size of the money multiplier ,(b) amount of excess reserves in the banking system and(c) extent to which the system could expand the money supply through the creation of checkable deposits via loans ?

(d) explain any four options available to the bank of Zambia to increase the money supply ? explain how each works ?

(e) explain the three main features of money ?

(f) Describe the three forms of efficient market hypothesis ?