Search & Filtering
Discuss the significance of international organizations in promoting social and economic growth
If the reserve bank wants to pursue a contractionary monetary policy, the bank should
Imagine you are the curator of a museum and the museum is running out of funds. So, you
want to increase the revenue of the museum. To do so, should you increase or decrease the
price of museum tickets? Explain.
For each pair of the following pairs of goods, which good would you expect to have more
elastic demand and why?
1)Fresh vegetables or chocolate -chip biscuits
2)Car or bicycle
Malaysia’s gross domestic product (GDP) is expected to grow between 6.5% to 7.5% in 2021. Specifically, the government’s Covid-19 stimulus packages are expected to contribute over four percent (4%) to GDP growth, the rest will be contributed by the 2021 Budget allocation. By taking into account the current economic condition, explain the contribution of the government’s stimulus packages and 2021 Budget to the demand for domestic goods.
a) “The United States is refusing to resume trade negotiations with China until Beijing comes up with a proposal to address Washington’s complaints about forces technology transfers and other economic issues. Trump administration plan to increase tariffs on US200 billions of Chinese imports to 25% on January 2019, from 10% in December 2018.”
i) Discuss the impact of the trade war to the international trade between China and the United States. (8 Marks)
ii) Provide three benefits of the trade war to Malaysian economy. Focus the answers on the macro perspective. (12 Marks)
b) However, in the November 3, 2020 election, Donald Trump lost to Democratic Party candidate Joe Biden. Analyze the possible changes for the president of the United States to the Malaysian economy. (5 marks)
if the government wants to encourage people to save more ,would a policy of higher interest rates always achieve this? With the help of indifference curve? 8 marks
a. Suppose the price of sugar decreases. Then, will there be a shortage or surplus in the tea leaf market? Explain with a diagram.
b. Suppose there is an increase in the wage of tea farmers. Then, will there be a shortage or surplus in the tea market? Explain with a diagram.
c. How will the market clearing price and the equilibrium quantity be affected by these changes?
Explain in detail with diagram.
Imagine you are the curator of a museum and the museum is running out of funds.so, you want to increase the revenue of the museum. To do so should you increase or decrease the price of museum tickets? Explain
Firm ABC has the following production function 𝑄 = 6𝐾 3 + 4𝐾𝐿 − 𝐿 3 i. Determine the average products of capital (K) and labour (L). [4 Marks] ii. Find the marginal products of capital and labour (MPK and MPL)
