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Why are million of people unemployement
The consumer's utility is given by u(x,y)=16x-3√√x+y. The price of good 2 is normalized to 1. Find the change in consumer's surplus if the price of good 1 changed from 10 to 5.
consider market in which demand and supply equations are given by the following equations.
Qd = 400- 20P
Qs = 40P - 200
calculate equilibrium price and quantity
“Periods of economic instability” are in line with which of the following views of the business cycle?
consider market in which demand and supply equations are given by the following equations :
Qd = 400- 20P
Qs = 40P- 200
calculate the equilibrum price
given the utility function U=150X+40X2-X3, derive average and marginal utility functions, Find the value of X at which total utility is maximum, and the value of X at which average utility is maximum?
If desired investment exceeds actual investment, then…
a) The economy is in a recession.
b) Inventories are less than the desired level.
c) Inventories are accumulating beyond the desired levels.
d) Cyclical unemployment exists.
Unrest and economic underperformance haunt the emerging world
At the start of the century, developing economies were a source of unbounded optimism and fierce ambition.
Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a
constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and
independent institutions are under attack in Brazil, India and Mexico.
Source: https://www.economist.com/leaders/2021/07/31/unrest-and-economic-underperformance-stalk-theemerging-world
Accessed: 20/08/21
According to economic theory, the above occurrences come as a result of emerging markets failing to
accomplish which of the following objectives?
a) Price stability
b) Balance of payments stability
c) Economic growth
d) Full employment
The inflation rate is...
South Africa’s economy grew by 1.1% in the first quarter of the year (4 marks) Stats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021. The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, the economy grew 4.6% quarter-on-quarter.
Source: https://businesstech.co.za/news/finance/496851/south-africas-economy-grew-by-1-1-in-the-first-quarterof-the-year/ Accessed: 19/08/21
The central problem that is evident in the above extract is that of…
a) Economic welfare
b) Data revision
c) Unrecorded activity
d) Non-market production
