Search & Filtering
1) Explain five methods a country can employ in international trade restrictions (10marks)
2) Discuss the advantages of export processing zone (EPZ) in international finance (10marks)
Suppose in winters demand of dry fruits increases. Further supply of dry fruit increases due to favorable environmental condition. Explain with the help of demand and supply curve, how price and quantity will respond
The below table contains the information about the total utility a consumer gets from consuming water.
Chocolate
1
2
3
4
5
Total Utility
30
55
65
65
30
Find marginal utility.
Plot total utility and marginal utility curve by using above information.
Explain the relationship between the total utility and marginal utility.
Use a graph to explain the effect of an imposition by the government of a maximum price in the face mask market
A business firm plan to launch a new product for which close substitutes are available in the market, one method of deciding whether or not this product should be launched is to obtain the service of a business consultant. The other method would be for the decision maker or manager to decide. In doing this the manager would need to investigate and analysis two major components. Identify and explain the two components.
How would you answer someone who says that marginal utility theory is useless because the utility cannot be observed?
what is a multiplier
1. Below is a production possibilities table for consumer goods (automobiles) and capital
goods(forklifts):
Type of Production Production Alternatives
A B C D E
Automobiles
Forklifts
30
2
27
4
21
6
12
8
a. Show these
data
graphically.
Upon what
specific assumptions is this production possibilities curve based?
b. If the economy is at point C, what is the cost of one more automobile? Of one more
forklift? Explain how the production possibilities curve reflects the law of increasing
opportunity costs.
c. If the economy characterized by this production possibilities table and curve were
producing 3 automobiles and 20 fork lifts, what could you conclude about its use of
available resources?
d. What would production at a point outside the production possibilities curve indicate?
What must occur before the economy can attain such a level of production?
Suppose that 20,000 of the employed switches to jobs in the underground
economy. When interviewed by STATIN, 50% of these switchers report that they
are not working and not seeking work, while the other 50% report that they are
not working but seeking work. Explain what happens to the official
unemployment rate and the “true” unemployment rate. (2 marks)
can redistribution occur during inflation?
