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4. You win $100 in a basketball poo. You have
a choice between spending the money now or
putting it away for a year in a bank account
that pays 5 percent interest. What is the oppor-
tunity cost of spending the $100 now? ANoLW
How Total revenue changes with change in output when Marginal Revenue is positive
The economy is at full employment. Now the government wants to change the composition of demand towards investment and away from consumption without, however, allowing aggregate demand to go beyond full employment. What is the required Policy mix? Use the IS-LM diagram to show your policy proposal.
how you can help in the preservation and appreciation of the diversities of the human origins. Reflect on how evolution can be applied in your everyday life.
Does the idea that all cultures and customs should be respected, decrease instances of
discrimination based on race and/or culture?
If each culture is entitled to its own beliefs and culturally accepted practices, is it ever
acceptable to be intolerant of another person or belief?
Universalists believe that human rights are universal and applicable to every member of
the human race. Should universal human rights be applied to cultures that reject them?
How do changes in culture and society influence the formation of an individual?
Our country experienced a shortage of alcohol and facial masks due to the COVID-
19 crisis. Explain this event/issue using the concepts of economic and political
practices.
- Explain how fiscal policy can use both policy instruments at their disposal to stimulate an economy?
- Based on your answer (1), illustrate and explain by aid of the AD-AS model what the identified policy employment by Fiscal Authorities will have on the general price level and the level or real production and income in the economy.
