Economics Answers

Explain the three approaches in measuring GDP: expenditure approach, income approach, production approach.

Draw a curve that represents that the more you study, the higher your GPA. Put GPA on the vertical axis and study time in hours. Label the curve "effort"

Draw a curve that represents that as the price of something decreases, the amount demanded increases. Put price on the vertical axis and quantity on the horizontal axis. Label the curve "D"

Draw a curve that shows that initially the cost of a good decreases the higher the quantity produced, but at some point the cost starts to increase instead. Put cost on the vertical axis and quantity on the horizontal axis. Label the curve "cost".

How much effect does financial planning have on the financing decisions of investors and company owners?

With the specific reference to the current Russian-Ukrainian war, Discuss both the positive and the negative impacts of international trading

C=q^3+1.5q^2+9q......

Find AC .....

MC

AVC

AFC..?

3. There are various market structures, under which each firm in an economy follows, these market structures range from perfect competition to monopoly. 

a) How do characteristics of a monopoly differ from those of a perfect competition? 

b) .Your company operates in an oligopoly market. You have been told that non price competition strategies can help you increase your sales in the short run. Would you propose and explain any 3 non price competition campaigns that you would employ for this call?

4. Research the job search theory and its applicability to daily business life

1.   Consider all the factors of production: labor, natural resources, capital, entrepreneurs, technology, and knowledge. Is each resource a vital part of the school you attend or the company for which you work? Which factors do you believe are most important to the goods and services provided by the organization?

The vital of the school you attend for which work is Knowledge

The  factor that is most is capital

2 .In Rwanda local farmers manage small plots of land for subsistence farming. However, some have benefited by selling pineapples at an agreed fixed price to an exporter. The exporter provides finances, training, fertilizers and machinery and even building materials for the farmer’s homes.  Explain the benefits which may be gained by the local community in Rwanda from the project.

·        By partnering with an exporter local farmers benefit in terms of their own capacity building and decreasing production costs.

. There are various market structures, under which each firm in an economy follows, these market structures range from perfect competition to monopoly. 

a) How do characteristics of a monopoly differ from those of perfect competition? 

b) . Your company operates in an oligopoly market. You have been told that nonprice competition strategies can help you increase your sales in the short run. Would you propose and explain any 3 nonprice competition campaigns that you would employ for this call?

1. Examine the current ten years development plan in Ethiopia. Identify its strengths and weaknesses.

2. Some scholars argue that the current Ethiopian economy seems that it is in “underdevelopment trap,” or long-term stagnation situation. Suggest and elaborate possible development theories that help the country to overcome the obstacles for its development.

3. Government statistical results show that there has been remarkable economic growth in Ethiopia during the last couple of decades or so. However, some proportion of the population has been complaining that they become poorer “despite the observed economic growth”. Evaluate the economic performance observed in the last couple of decades in Ethiopia in development economic terms.