Economics Answers

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What do you mean by pre-shipment and post-shipment advances?Discuss.

What is a better measure of risk if assets have different expected returns:
(1) the standard deviation or
(2) the coefficient of variation? Why?

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In this question, we wish to analyze the consumer's choice of housing. In particular, we want to compare the impact on utility of a change in the price of housing for a renter and a homeowner. You may assume that all individuals consume two things - housing (H), and a second consumption good (C).

Write down the renter's problem. Write down the homeowner's problem.

2. (10 points) What happens to the renter's utility when pH , the price of housing, changes? The homeowner's utility? What happens to the renter's optimal consump-tion of H and C? The homeowner's consumption?

3. (10 points) Some economists believe that, during the last economic crisis, the government should take action to boost housing prices. Analyze the effects of such a policy in light of your model.

One of the key features of the global economy is that wages of skilled workers have risen relative to unskilled workers in both industrialised and developing economies. Explain why and how this empirical phenomenon is better explained by the Foreign Outsourcing model than by the Heckscher-Ohlin model

Suppose in a hypothetical economy that velocity is 5, the money supply is $5,000, Real GDP is 2500 units of output, and the price level is $10. If the money supply doubled over a short time period to 10,000, the sample quantity theory would predict that..
A) real GDP would double to 5,000 units
B) Velocity will decline dramatically such that there will be little change in either out put or price level
C) the price level will fall to $5
D) The price level will double

In context of the equation of exchange, which of the following is most likely to bring inflation, ceteris paribus?
a) a slight decline in velocity
b) increase in the money supply
c) increase in Q
d) none of the above

On monday last week, XYZ corporation stock traded for $55 per share with 21,300 shares exchanged. Two days later, XYZ corporation stock traded at a price of $70 per share with 24,000 shares exchanged. If only one curve shifted, demand or supply, which curve must have shifted and in which direction? How do you know? draw a demand and supply graph to illustrate this. Identify any abbreviations used, e.g. P=price, Q=quantity, D=demand, S=supply