Economics Answers

.In Rwanda local farmers manage small plots of land for subsistence farming. However, some have benefited by selling pineapples at an agreed fixed price to an exporter. The exporter provides finances, training, fertilizers and machinery and even building materials for the farmer’s homes.  Explain the benefits which may be gained by the local community in Rwanda from the project.

Create a truth table for

(a)

A  B

(b) the converse of ‘A implies B’.

(a) The Organisation of Petroleum Exporting Countries (OPEC) is an example of which

form of market structure? Discuss its characteristic features. 10

(b) Using an appropriate diagram discuss Paul Sweezy’s Kinked Demand curve theory.

1.Tell us what your original answer to the question above was AND why;

2.Tell us what your current answer is AND why;

3.Answer the question: "So where do I fit in in this?" (Think back to the section on virtue ethics); and finally

4.Write a comment on what you think about my preferred answer AND of course explain why you think this.

Consider all the factors of production: labor, natural resources, capital, entrepreneurs, technology, and knowledge. Is each resource a vital part of the school you attend or the company for which you work? Which factors do you believe are most important to the goods and services provided by the organization?

Consider all the factors of production: labor, natural resources, capital, entrepreneurs, technology, and knowledge. Is each resource a vital part of the school you attend or the company for which you work? Which factors do you believe are most important to the goods and services provided by the organization?

1.   Described the categorisation of the subject matter as stipulated in the CAPS Economics policy. (12) 
2. Explain with an applicable example the economic approaches in studying economics.

the opportunity cost of producing a cellphone

Given that more multi-national firms are preparing to leave Greece and expand their businesses to Asia. Explain why reducing the unemployment benefits cannot reduce the unemployment rate in Greece. Suggest one policy the Greece government can do to reduce the immediate unemployment rate.

An increase in the production of beef will lead to a decrease in the production of leather (made from cattle hides).

Note, you will lose 50% of the mark for this question if you choose the incorrect option.