Economics Answers

The economy is at full employment and an election is coming up. Officials decide to increase government spending by $100 billion. Graham says the money should be spent on improving education and transport systems. Dole proposes building several large Coast Guard training facilities in states that currently have none. What effect would Senator Dole’s proposal have on the AD/AS model? Describe all shifts and effects on short and long-run equilibrium change in output and price level.

We have the following date for the production of two producers, Juan and Maria. Juan can produce:
• 40 cups if he produces cups all day
• 40 plates if he produces plates all day Maria can produce:
• 10 cups if she produces cups all day
• 30 plates if he produces plates all day
Questions
1. DrawtheproductionpossibilityfrontiersofMariaandJuanusingMSword drawing tools you can find in the option Insert/Shapes (6 points)
2. Calculate the opportunity cost for cups and plates for Maria and Juan (6 points)
3. Calculate the Comparative advantage for cups and plates for Maria and Juan (6 points)
4. Whoshouldspecializeonwhat?(6points)
5. Findatradeagreementthatbothwouldacceptandshowthatbothwould
be better off (how many plates will exchange for 1 cup) (6 points)

The economy is at full employment and an election is coming up. Officials decide to increase government spending by $100 billion. Graham says the money should be spent on improving education and transport systems. Dole proposes building several large Coast Guard training facilities in states that have none. What effect would Graham’s proposal have on the AD/AS model? Describe all shifts and the effects on short and long-run equilibrium change in output and the price level.

Assume skilled TRNC citizens have a relatively easy access to the job markets in UK, EU, Australia and Canada, while the access of unskilled TRNC citizens to those markets is more limited and wages in those job markets are considerably higher compared with the wages in TRNC and Turkey. Also assume local market for unskilled labor is more competitive as a result of immigrants comming from Turkey and other developing countries to TRNC to work. How would these factors affect the value of education for TRNC citizens? Explain your answer.

Write when a company is likely to pay for the education of its workers?

In 1990’s in Turkey, economy entered into depression. As a result unemployment rate throughout
the country has risen. Most people have lost all their savings, and their income was so low, that they were only barely able to survive. How would you expect these developments to affect the interest rate (or discount rate) in general in Turkey?

when indifference curve downward and upward slopping? please answer

when indifference curve is downward slope and upward slope

how indifference curve graph effect by margin unity

How to calculate PAYG W'hold ?