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Economics
A large increase in the number of fast-food restaurants in a community is most likely to result in
Assume that in the market for tulips, there are hundreds of buyers and sellers of tulips, all of the tulips are identical, and is extremely easy for anyone to become a tulip farmer and sell tulips. This market would most likely be characterized as _____________ market.
Calculate the equilibrium level of output
1) What do you know about political economy ? How do you distinguish And connect between politics And economy?
2) High levels of corruption and weak government institutions are associated with poor economic conditions—low levels of income, low growth rates, inequality. Propose a theory that relates weak governments and poor economic performance. Which way does the causal arrow go—from low growth to high levels of corruption or from high levels of corruption to low growth, or does it go both ways? Design a empirical test to try to sort out the conflicting empirical claims.
3) Some countries appear to suffer from a “resource curse”. They have plentiful natural resources but either do not grow or maintain high levels of poverty and inequality. What are the political/economic explanations for this phenomenon? How might it be “cured”?
2) High levels of corruption and weak government institutions are associated with poor economic conditions—low levels of income, low growth rates, inequality. Propose a theory that relates weak governments and poor economic performance. Which way does the causal arrow go—from low growth to high levels of corruption or from high levels of corruption to low growth, or does it go both ways? Design a empirical test to try to sort out the conflicting empirical claims.
3) Some countries appear to suffer from a “resource curse”. They have plentiful natural resources but either do not grow or maintain high levels of poverty and inequality. What are the political/economic explanations for this phenomenon? How might it be “cured”?
Find out aggregate income and aggregate consumption when investment increases by 100 crore in 2008.
Year 2006
Aggregate income 10000
Aggregate consumption 9000
Year 2007
Aggregate income 11000
Aggregate consumption 9900
Year 2008
Aggregate income ?
Aggregate consumption ?
Year 2006
Aggregate income 10000
Aggregate consumption 9000
Year 2007
Aggregate income 11000
Aggregate consumption 9900
Year 2008
Aggregate income ?
Aggregate consumption ?
What will be the equilibrium level of income and level of consumption in equilibrium if C=30+0.8Y and autonomous investment is 50 crore
Q.Bring out the effects of following upon
equilibrium price and equilibrium quantity
a. A more rise in demand than supply.
b. A less rise in demand than supply.
c. More decrease in demand than fall in supply.
d. A less fall in demand than decease in supply.
e. more fall in demand but less rise in supply.
equilibrium price and equilibrium quantity
a. A more rise in demand than supply.
b. A less rise in demand than supply.
c. More decrease in demand than fall in supply.
d. A less fall in demand than decease in supply.
e. more fall in demand but less rise in supply.
Through collaboration betwen companies A and B,economical value is created. The equation for the value generation is P= √zA + √zB. √zA and √zb are the respective companie's investment. After the companies' investment levels are decided, A and B divide p (value generated) equally. (a)Determine the Nash equilibrium investment levels, and the consequent payoffs for each firm. (b)Suppose that A and B merge instead. What is the the optimal investment levels and the payoff for the new merged firm. Do the firms benefit at all from the merger?
Rent ($ per month) Quantity Demanded (per month) Quantity Supplied (per month)
1,100 20,000 0
1,200 15,000 5,000
1,300 10,000 10,000
1,400 5,000 15,000
1,500 2,500 20,000
1,600 1,500 25,000
Suppose that a price ceiling of $1,200 rent per month is imposed in the Vancouver housing market, what will be the effect of this on housing market in Vancouver?
Suppose that the government imposed a tax of $1000 on homeowners, show and explain the effect on consumer surplus, producer surplus, Dead Weight Loss, government revenue and market efficiency.
Why would the city of Vancouver impose rent controls?
Who are rent controls meant to help? Does it help those people that it is intended to help?
Do you agree or disagree with the use of government-imposed rent controls? Explain (Your opinion)
How government can intervene in free market? Write only government entry/interventions strategies.
1,100 20,000 0
1,200 15,000 5,000
1,300 10,000 10,000
1,400 5,000 15,000
1,500 2,500 20,000
1,600 1,500 25,000
Suppose that a price ceiling of $1,200 rent per month is imposed in the Vancouver housing market, what will be the effect of this on housing market in Vancouver?
Suppose that the government imposed a tax of $1000 on homeowners, show and explain the effect on consumer surplus, producer surplus, Dead Weight Loss, government revenue and market efficiency.
Why would the city of Vancouver impose rent controls?
Who are rent controls meant to help? Does it help those people that it is intended to help?
Do you agree or disagree with the use of government-imposed rent controls? Explain (Your opinion)
How government can intervene in free market? Write only government entry/interventions strategies.
Suppose favorable weather increased the supply of tomatoes so that the price of tomatoes fell from US$45 a ton to US$35 a ton and quantity sold increased from 300 tons to 420 tons. What is the value of the price elasticity of demand? Show your work.
