Economics Answers

Write a factor which may increase labor demand in a country. Explain why that factor will increase the labor demand.

In which case two points representing two different quantities of capital and labor are on the
budget line of a company?

Why do the slope of the isoquants get flatter as labor quantity gets larger and capital quantity gets smaller?

Firms like Papa John’s, Domino’s and Pizza Hut sell pizza and other products that
are differentiated in nature. While numerous pizza chains exist in most locations, the
differentiated nature of these firms’ products permits them to charge prices above the
marginal cost. Given these above observations, is the pizza industry most likely a
monopoly, perfectly competitive, monopolistically competitive or an oligopoly
industry? How will your answer change if “numerous” is interpreted to mean 10?

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?

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

In recent years, the collage costs in USA moved up. At the same time the wage difference between the high school students and collage graduates went up. How would you expect the expected effect of these trends to be on the number of students in USA who are willing to get collage education?

in 2002 the South African government introduced the minimum wage for domestic workers .with effect from the 1st of Jan 2019 it has been set revised on R 15 per hour with exceptions of workers working few hours in certain areas . with the aid of a diagram discus the welfare effects of such policy if the wage rate set is above market clearing wage rate (assuming this was R 12 per hour

Provide an example of ABC classification in a business you are familiar with. What would be the A inventory items versus B and C? What ordering policies would you use for each of these?

(6) Describe the macroeconomic policies below:
1. Fiscal Policy.
2. Monetary Policy.
3. The Direct of Control.
4. The Policy of Supply-Side.

(9) Describe the intent of every inflation, explained how inflation occurs, whether the impression it causes and how to overcome it

1. cost-push inflation
2. Demand-pull inflation
3. Imported inflation