Search & Filtering
After an alien invasion, Earth has to resort to the extreme protection of its resources in order to survive. A global government is elected with the mandate to control all the resources, which remain to humanity. The global government serves as a centrally directed economic system and has assumed complete responsibility for producing and distributing products and services. Which describes the main economic system used in this new world order?
If SAB were to introduce a rewards programme whereby employees who performed very well every month are given recognition and financial incentives, the company would be satisfying the __________________ needs of their employees.
The problem of "scarcity" applies
which industries are affected by the Russia-Ukraine conflict when the USA and European countries imposes sanctions on Russia. (You are allowed to choose more than one industry)
Provide an in-depth discussion on how the sector is affected and what impact will that have on the South African economy as a whole. Cite empirical evidence and news to support yourself.
[An increase in the productivity of research.] Suppose, there is a onetime increase in the
productivity of research Θ (theta), as in the Figure 5.1 (in textbook, Jones’). What will
happen to the level of technology, A and the growth rate overtime?
Show how the Romer model exhibits a scale effect in levels, that is, a larger economy will
be a richer economy. Give the demand and supply effects. Explain the two opposing effects
of SR on per capita output.
Prove that in the Romer model, the long run growth rate of the economy is determined by
the parameters of the production function for ideas and the rate of growth for researchers
which is ultimately given by the population growth rate. (Romer Model)
The Production of new goods, or new ideas, requires the possibility of earning profits and
therefore necessitates a move away from perfect competition. Explain this in the context of
Romer model
Explain the two characteristics of Public goods; a) Non-rivalrous and b) low degree of
excludability. How does the Idea behave like a public goods? Explain the problems
associated with the nature of Data on Ideas. (Romer Model)
“Among countries that have the same steady state, the convergence hypothesis should hold:
poor countries should grow faster on average than rich countries”. Explain with graphs and
examples. (Romer Model)
