Economics Answers

The introduction of the foreign sector in the Keynesian model_ the slope of the consumption function. As a result, the multiplier becomes

O d. reduces; larger

b. reduces; smaller

c. increases; smaller

a. increases; larger

The introduction of taxes to the Keynesian model...

O a. Increases investment spending at each positive level of income.

O b. Cause the slope of the consumption curve to become steeper.

O e. Causes the consumption function to shift parallel downwards.

O d. Causes the consumption function to shift parallel upwards.

O c. Flattens the consumption curve.

Evaluate the following argument: ‘Since pollution is a negative externality, it would be socially optimal to declare illegal the use of any production process that create pollution’.

Disposable income is the income earned ?

1.    Explain the concept of emotional awareness.

1. Broadly discuss how this concept impacts on our behaviour.

Explain the concepts of self-knowledge and self-awareness.

The individual's demand curve for a commodity represents a maximum boundary of the individual's intentions True or False, explain

Suppose a firm producing coffee provides you with the following information: Price = R100 Quantity = 150 units of coffee Cost of production = R9500 Calculate the total revenue of the firm. (1) Is the firm currently making a profit or loss? Explain.

 The price of spring water rises from $1.90 to $2.10 a bottle, and the quantity demanded decreases from 11 million to 9 million bottles a week.

1a.  Calculate the percentage change in the price of spring water

explain how an increase in a person's income can lead to lower consumption of an inferior good such as hamburgers and higher consumption of say steak.