Economics Answers

The National Development Plan of 2011 was developed in light of the following nine challenges:
1. Too few people work
2. The quality of school education for black people is poor
3. Infrastructure is poorly located, inadequate and under-maintained
4. Spatial divides hobble inclusive development
5. The economy is unsustainably resource intensive
6. The public health system cannot meet demand or sustain quality
7. Public services are uneven and often of poor quality
8. Corruption levels are high
With respect to each of these challenges, provide a discussion on how the South African government can intervene to address these challenges based on macroeconomic theory.

You are buying a house and will borrow $225,000 on a 30-year fixed rate mortgage with monthly payments to finance the purchase. Your loan officer has offered you a mortgage with an APR of 4.3 percent. Alternatively, she tells you that you can “buy down” the interest rate to 4.05 percent if you pay points up front on the loan. A point on a loan is 1 percent (one percentage point) of the loan value. You believe that you will only live in the house for eight years before selling the house and buying another house. This means that in eight years, you will pay off the remaining balance of the original mortgage. How many points, at most, would you be willing to pay to buy down the interest rate?

Describe the two key tools of monetary policy, and describe how they would be used by the Bank of Canada to implement a contractionary monetary policy

The national development plan of 2011 was developed in the light of the following nine challenges 1. To few people to work 2.The quality of education of school for black people is poor 3.infrastructure is poorly located and inadequately and under-maintained 4. spatial divides hobble inclusive development 5.the economy is unsustainable resource intensive 6. the public health system cannot meet demand and sustain quality 7. public service are uneven and often of poor quality 8.corruption level are high 9. south Africa remain a divided society With respect of each of these challenges , provide a discussion on how the South African government can intervene to address these challenges based on macroeconomics theory

Debate on capitalism is better than socialism

Why is it unusual to see coupons for products like a Harry Potter book?

Why would a firm increase the quantity of its output even though marginal cost is increasing?

Explain why certain firms practice price discrimination

Which one of the following statements is incorrect?
1 There three major flows in the economy are total production, total income and total spending
2 There are two sets of markets in a simple economy goods markets and factor markets
3 In the simple circular flow of economic activity, real flows of goods and production factors and financial flows move in opposite directions
4 Firms are buyers in goods markets and sellers in factor markets, while households are buyers in factor markets and sellers in goods markets