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Which one of the following statements is correct about the creation of money?
a.
Money is created by printing notes only.
b.
The quantity of money is dependent on demand for money and interest rate only.
c.
The SARB regulates the amount of money in circulation by controlling the interest rate.
d.
The SARB regulates the amount of money in circulation by controlling the inflation targeting range only and not the interest rate.
Why a nation’s overall balance of payment must equal zero? Explain.
Why should the income approach and the product approach to computing GDP both yield the same value? Explain.
1. Do you know the assumptions which underlay the consumer’s preferences? Explain them.
Given the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function
Analyze the following graph on consumer behavior, through
a. Explaining the line/curve A and C.
b. Explaining what the movement from point D to B means theoretically, express that movement mathematically.
c. Showing where is the equilibrium of consumer? Explain it.
d. Finding the value of point F and E.
1. Do you know the assumptions which underlay the consumer’s preferences? Explain them.
Given the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function
Analyze the following graph on consumer behavior, through
a. Explaining the line/curve A and C.
b. Explaining what the movement from point D to B means theoretically, express that movement mathematically.
c. Showing where is the equilibrium of consumer? Explain it.
d. Finding the value of point F and E.
1. define production function and cobb-Douglas production function
2. what do we mean by an expansion path?
3. mention the characteristics of monopoly, oligopoly, and monopolistic competitive and perfectly competitive market structure and make a comparison
What is the relationship between teacher's methods of teaching Economics and learner academic achievement?
Acme Tobacco is currently selling 5,000 pounds of pipe tobacco per year. Due to competitive pressures, the average price of a pipe declines from $15 to $12. As a result , the demand for Acme pipe tobacco increases to 6,000 pounds per year.
a) what is the cross elasticity of demand for pipes and pipe tobacco?
b) Assuming that the cross elasticity does not change, at what price of pipes would the demand for pipe tobacco be 3,000 pounds per year? Use $15 as the initial price of a pipe.
The inhabitants of the small country Zumenia mainly uses potatoes to make chips.Therefore they need oil to fry chips.Explain with the aid of diagrams how the equilibrium price and quantity oil will be affected when price of potatoes decrease
The cost of sunflower seeds has increased. Sunflower seeds are an input when sunflowers are produced. Explain verbally how this change will affect the market for sunflowers. You are allowed to use a diagram to explain your answer, but you will only be allocated marks for the correct verbal explanation.
