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Is conglomeration beneficial to society and economics? Explain your answer.
What is a Hubbert curve? Draw an example of a typical hubbert curve. Be sure to include the x and y axis label.
What has been the impact of international financial organizations including programs of the IMF
and the World Bank Group on the growth and stability prospects of low- and middle-income
countries?
Make an essay entitled "The Importance of Global Citizenship".The essay should be 3-4 paragraphs with 45 sentences per paragraph.
What efforts of the whole array of inter-governmental organizations do the dynamics of globalization demand?
Discuss the significance of international organizations in promoting social and economic growth in 2-3 paragraphs with 3 sentences for each paragraph.
Is there a negative or positive consequences when the north american free trade agreement was implemented? Discuss.
The Specific Factors Model (Lecture 3)
We examined a trade liberalization shock for the specific factors model during the lecture. Now instead consider the following shocks for a closed economy (to simplify the analysis, let's assume that Pc and PF are fixed and do not respond to the shocks):
(a) An exogenous increase in the labour specific to the sector producing food (LF). How does it affect the equilibrium outcomes (wages, rental rate of capital, the allocation of capital across sectors)? Who are the winners and losers from this shock?
(b) How about an exogenous increase in the total amount of the mobile factor K? Who are the winners and losers?
(Hint: How does each shock affect the figure we use to analyse the equilibrium?)
The assumption of equal marginal utility of consumption is one way to justify the sustainability standard
Following emoluments are received by Ms Sangeeta during the previous year ended on 31.3.2021
Basic salary 250000
Dearness Allowance 10000
Commission 2500
Entertainment allowance 2000
Medical expenses reimbursed 25000
Professional taxes paid 2000(Rs1000 paid by employer)
Ms. Sangeeta contributes Rs 2000 towards the Recognized Provident Fund
She has no other income.
Compute the income from salary for A.Y 2021-22, and give reasons and explanations wherever required, If Ms. Sangeeta is a Government employee.
