Economics Answers

1.An unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed determinable future time, a sum certain in money to or to the order of a specified person or bearer is known as _____________
a.Bill of Exchange
b.Banker\'s acceptance
c.Promissory Note
d.Banker\'s acceptance

2._______means the payee, or endorser of a Bill or Note, who is in possession of it or bearer thereof.
a.Drawee
b.Endorser
c.Holder
d.Possessor

In most of the developed countries after 1900’s, states started provide free healthcare services, and social security programs, as a result, in general, citizens of those countries, were able to get some income from their states, and at the same time, they get an additional financial support, whenever they have unexpected medical cost. We may assume as a result of these developments, the relative value of the future income for the people has increased. How may have this affected the number of young people who are willing to get collage education?

1.How changes in the repo rate can be used to increase economic growth?
2.How changes in the tax can be used to increase economic growth?

You are a manager at Glass Inc.—a mirror and window supplier. Recently, you conducted a study of the production process for your single-side encapsulated window. The results from the study are summarized in the table below, and are based on the 8 units of capital currently available at your plant. Workers are paid $60 per unit, per unit capital costs are $20, and your encapsulated windows sell for $12 each. Given this information, optimize your human resource and production decisions. Do you anticipate earning a profit or a loss?explain carefully
labour output
0 0
1 10
2 30
3 60
4 80
5 90
6 95
7 95
8 90
9 80
10 60
11 30

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.

whait s merger paradox

In USA some minorities like Asian Americans are more willing to go to collage compared with White Americans, the etnic majority in the country. Other minorities like African Americans rather find job after graduating from high school, or even dropping out of the high school. Write a factor that may be behind the decision for each of these minority groups.

What is the size of the labor force?
Natural rate of unemployment= 4%
potential Real GDP=$20T
Part-time for economic reasone= 8
Marginally-attached workers/ Discouraged workers=14
Population institutionalized= 40
Not in labor force= 60
Unemployed=30
total population=415
population under 16 year of age= 15

Use the model of aggregate demand and short run aggregate supply to explain how each of the following would affect the real GDP and price level in short run.
1. reduction in nominal wages
2.a major improvement in technology
3.a reduction in net exports