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Explain the term Industrial policy. Discuss how
the Industrial Policy of Ghana successfully
protect infant industries.
Essay about impact of labour market and labour union on supply and demand.
Suppose the marginal utility and total utility of Peter mamokos weekly consumption of bananas are both positive and that he subsequently consumes fewer bananas per week.What will happen to his marginal utility and total utility of bananas.Explain (06)
Md=25y-80r,Ms=2400, p=2
a) Find equilibrium output equation. And Y* when r=12%
b) Find LM curve equation
c) Find slope of LM curve.
d) MS increased to 3000
3. Find equilibrium r
4. Find equilibrium y
In the simplest possible Keynesian macroeconomic model …
a. government is important in distributing social grants.
b. households consume products sold in the goods market.
c. the labour market plays an important role.
d. social grants help people have income to spend on consumption goods like taxi rides.
e. wages are flexible.
countries with high fertility levels face serious problems, how does it fit into the solow growth model?
Germany has a high technology level, because of high investment in education, a national culture of long education, strong protection of property rights, and an open economy. It has a high growth rate if capital per worker, despite a lack of natural resources. In contrast
7.Countries engage in international trade because factors of production are unequally distributed among economies of the world.
a. False
b. True
8.The following factors contributed to South Africa being downgraded to junk status in 2017.
a)Debt incurred by stated-owned entities such as Eskom.
b)Corruption and increased public debt.
c)Lack of clarity regarding economic policy.
d)High economic growth.
a. only b
b. a, b and c
c. only d
d. c and d
At what ammount does the consuption diminishing mariginal utility?
Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good. Also indicate how the equilibrium price and equilibrium quantity of meat will change in Country A. The direction of any changes should be clearly indicated using arrows. Note that your diagrams should be properly annotated and that marks will be deducted for any missing labels on your diagram.
