Economics Answers

Drawing from country experiences, what is needed in order to carry out successful trade policy reforms? (25)

The areas of regulations of banks by CBN includes all of the following except_________
a.Deposit base reserves
b.Capital base statutory reserves
c.Bank size distribution
d.Bank obligations

Let us assume that planned aggregate demand is given by: AD = C + I + G + NX, Let C = 610 + 0.8Y; I = 220; and G = 800; NX = 10 and T = 250. Calculate the equilibrium output.\n
a.3700
b.None of the above
c.4700
d.8700

Draw a demand and supply curve for textiles in south Africa. Illustrate on the graph how specific import tariff will affect the price, quantities consumed imported and domestically produced

A perfectly competitive firm faces a market price of $10 for its output X. It owns two plant A and B whose Total Cost are:
TCa=70+30Q+2Q^2
TCb=400-50Q+5Q^2.
Find the optimal quantity produced and sold by the firm so that they are maximising profit

the pink-collar ghetto is a form of discrimination based on

4. In 2002 the South African government introduced the minimum wage for domestic workers. …

which one of the following is not a source of economic growth
(1) capital widening
(2) imports
(3) government spending
(4) natural resources

in the business cycle, the recession phase is followed by a/an..

(1) upswing
(2) trough
(3) downswing
(4) peak

which of the following statement regarding economic growth is correct
(1) if nominal GDP in Swaziland increase by 5% between 2015 and 2016, it can be said that the country has undoubtedly experienced economic growth during this period
(2) real GDP is obtained by adjusting GDP at current prices for inflation
(3) GDP per capita is calculated by multiplying nominal GDP by the population size
(4) GDP is an accurate indicator of economic welfare