Economics Answers

Consider the subschema of a receiving clerk. The receiving clerk needs sufficient rights in her logical view to perform her duties but not be given rights that she does not need. Within her duties, she validates that items being received were ordered from a supplier before she accepts shipments from that supplier. To do so she must be able to see purchases from each supplier. Determine which rights (Create, Read, Update, and Delete) the receiving clerk should have for data corresponding to sales, cash receipts, purchases, and suppliers. Write a paragraph response.

Omecron / covid-19 effect on society which school of thought suitable in this situation?

1)    Differentiate between signaling theory and human capital theory and argue for or against each theory?

Per capita real GDP is an indicator to measure welfare. However, it has important limitations to measure welfare. Briefly discuss some of these limitations while using Per capita real GDP as a measure of welfare

Government intervention in market prices: Price floors and Price ceiling

a. Use model of demand and supply, explain what happens when

government; imposes price or price ceiling?

b. Discuss what the reasons are and why the government sometimes

choose prices and the consequences of price control policies.

Describe some of the trade-offs faced by A recent college undergraduate deciding whether to go to graduate school

Calculate the GDP using EXPENDITURE APPROACH with the following hypothetical data:

Personal Consumption

3657

Depreciation

400

Wages

3254

Indirect Business Taxes

500

Interest

530

Domestic Investment

741

Government Expenditure

1098

Rental Income

17

Corporate Profits

744

Exports

673

Imports

704

Net Factor Payment

20

Consider the following data in Billions of dollars:

GDP 7500

Investment 1300

Transfer Payment 1050

Government Expenditures 1200

Exports 1050

Imports 950

Net Factor Payment 20

a) Use the above data to calculate the consumption.

b) Whether the economy has trade deficit or trade surplus? Why?

The country Autarka does not allow international trade. In Autarka, you

can buy a wool suit for 3 ounces of gold. Meanwhile, in neighboring countries,

you can buy the same suit for 2 ounces of gold. If Autarka were to allow free trade,

would it import or export wool suits? Why?

1.  H&M has been selling 15,000 jackets per month for 355 ETB. When they increased the price to 500 ETB, they sold only 12,000 Jackets. What is the demand elasticity? If the marginal cost is 250 per Jacket, what will be the desired markup price? Was raising the price profitable?