Economics Answers

If government decides to increase personal tax to raise it's tax revenue,what will be impact on the economy?

What is the market structure of SAA and why?

According to the Department of Labour’s new rates, domestic workers working in Area A (bigger metropolitan areas) who work more than 27 ordinary hours per week, must be paid a minimum of R 13,69 per hour.
Workers who work fewer than 27 hours per week, must be paid a minimum of R 16,03 per hour.
This will mean that a domestic worker who works 45 hours per week will now earn a minimum of R2 669,24 a month.
With the aid of a diagram, discuss the welfare effect of this new legislation if the new minimum wage is (1) below the equilibrium wage and (2) above the equilibrium wage rate with labour hours as your quantity variable.

spending plans that will move IS to the right

Compare and contrast the long run equilibrium of a perfectly competitive market with that of a monopolist.

How many carpenters would you suggest the furniture house employ at wage rate of nu 1200 per week?why?

The cost of production in the South Africa economy accelerated, due to rising prices of electricity and petrol in the country, which led to an increase in prices of domestic goods and services relative to foreign goods and services, this will likely lead to a

Disposable Income is equal to:

Consider the following model of the economy: C=C0 +c1Yd
T=t0 +t1Y
Yd = Y - T
G and I are both constant (exogenous).

what part of the ozone cycle do CFCs interrupt? What effect does this have?