Economics Answers

What does a positive sign of a cross-price elasticity of demand signify for the relation between the goods in question? What does a negative sign of a cross-price elasticity of demand signify for the relation between the goods in question?

4.1 The South African Government after protracted negotiations has recently allowed the tariff free
importation of some poultry into the country.
4.1.1 Explain who would benefit and who would lose in the local economy as a result of the duty free
importation of chicken. (5)
4.1.2 Local poultry farmers are not happy with this new development and are canvassing for tariffs to be
imposed on these imports. Discuss FIVE (5) arguments which the local poultry farmers can use to
support their position. (15)
4.2 Distinguish between currency appreciation and currency depreciation. (2)
4.3 Discuss any FOUR (4) factors that could lead to the appreciation of the currency of your country in terms of
the US Dollar. (8)

3.1 Consolidated government expenditure is expected to grow by 7.1 per cent over the medium term, reaching
R1.69 trillion in 2018/19. At this rate, spending growth will outpace inflation by 0.8 per cent. (Source:
www.treasury.gov.za)
3.1.1 Describe the main instruments of fiscal policy that are available to government. (5)
3.1.2 Drawing from the statement above, how can government finance increased expenditure? (5)
3.1.3 What are the possible negative effects of 3.1.2 above? (5)
3.2 With the aid of a properly labelled diagram, explain the three main characteristics of the consumption
function. (10)
3.3 With the aid of a fully labelled diagram explain the general business cycle in the South African economy. (5)

What would be the Opportunity Cost of choosing to work after graduating from college without any additional education or training? Try to take into account your entire life.

one week before christmas day. mr. a decided to shop for gifts as giveaways to your price staff. but due to time constraints, you were able to do it on christmas eve. What is likely his price elasticity (ceteris paribus) economics

Tax. Determine the SWL.
D: P = 440 - 2Q
S: P = 40 + 2Q
Tax: P = 80

Economics textbooks often start by identifying the existence of the basic economic problem. What is it that makes this problem "basic" ?

Suppose city bus raised the bus fare by 7%. With the aid of a diagram under what condition the total expenditure of passengers on the bus services will decrease because of the rise in fare.

in early 2015 the price of condominium in singapore rose. in a demand and supply model, shifts in what curve or curves have brought about the higher price?

Assume an economy produces only hamburgers and the base year is 2009.

Quantity Produced Price
2009 2010 2009 2010
Hamburgers 2,000 3,000 $2 $3


43. What is the Real GDP in the year 2010?