Other Economics Answers

Should exports of primary products such as agricultural commodities and ores be promoted, or should policy support export diversification? 

How do many low- and middle-income countries get into serious foreign-debt problems, and what are the implications of debt problems for economic development? How do financial crises affect development

 What is the impact of foreign aid from high-income countries? Should low-income countries continue to seek such aid, and if so, under what conditions? Should high-income countries continue to offer such aid, and if so, for what purposes? 

Discuss the major problems of present-day Pakistan with special reference to Inflation, Unemployment and Poverty and describe their solutions. (Words limits 1000)

A business firm plan to launch a new product for which close substitutes are available in the market, one method of deciding whether or not this product should be launched is to obtain the service of a business consultant. The other method would be for the decision maker or manager to decide. In doing this the manager would need to investigate and analysis two major components. Identify and explain the two components.

How would you answer someone who says that marginal utility theory is useless because the utility cannot be observed?

 If desired investment exceeds actual investment, then…

a) The economy is in a recession.

b) Inventories are less than the desired level.

c) Inventories are accumulating beyond the desired levels.

d) Cyclical unemployment exists. 

Unrest and economic underperformance haunt the emerging world

At the start of the century, developing economies were a source of unbounded optimism and fierce ambition.

Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a

constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and

independent institutions are under attack in Brazil, India and Mexico.

Source: https://www.economist.com/leaders/2021/07/31/unrest-and-economic-underperformance-stalk-theemerging-world

Accessed: 20/08/21

According to economic theory, the above occurrences come as a result of emerging markets failing to

accomplish which of the following objectives?

a) Price stability

b) Balance of payments stability

c) Economic growth

d) Full employment

South Africa’s economy grew by 1.1% in the first quarter of the year (4 marks) Stats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021. The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, the economy grew 4.6% quarter-on-quarter.

Source: https://businesstech.co.za/news/finance/496851/south-africas-economy-grew-by-1-1-in-the-first-quarterof-the-year/ Accessed: 19/08/21

The central problem that is evident in the above extract is that of…

a) Economic welfare

b) Data revision

c) Unrecorded activity

d) Non-market production 

Both the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominant across the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they have entered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant

Source: https://techcentral.co.za/mcleod-is-wrong-about-telkom/110373/

Accessed: 19/08/21

1.2 The behavior of the companies in the extract is in line with which of the following economic schools of 

thought?

a) The Free Market School

b) Marxist Economics

c) Socialist Economics

d) A Planned Economy