Economics Answers

Discuss in details The factors which can cause a currency to appreciate or depreciate. You may use graph to support your arguments

explain the consumption function for a closed economy with a government sector

Just as the U.S. strategic policy of containment (of Communism, in general, and the Soviet Union, in particular) gradually evolved just after World War II to win the Cold War in 1989, could a similar strategic policy of containment of radical Islam evolve after the Iraq and Afghanistan wars to protect the non-Islamic world from fanatical extremism?

Identify a prominent leader in public policy and administration whose career took off because of his or her ability to write the kind of graceful prose that attracted positive attention. Discuss what makes the leader effective in the field of public policy.

How has the role of the mentor changed through the ages, or is it essentially the same as it was in ancient Greece?

Was general MacArthur doing the right thing when he took his staff away with him to safety in Australia, or should he have taken wounded soldiers or U.S. Army nurses instead?

What elements of the institutional framework of the U.S. political system allow new, seemingly preposterous ideas to travel from the lunatic fringe to mainstream thinking? Can you think of any policy proposals that are currently considered ridiculous that are likely candidates for mainstream acceptance?

Which one of the following sources of accounting information will be used to compile the trial balance?

•  A. General journals
•  B. Clients’ ledger accounts
•  C. Source documents
•  D. General ledger accounts

From the following examples explain which one is expansion of demand and increase

in demanded.

i) Consumers demand more of chocolate ice-cream due to rise in the price of vanilla

ice-cream.

ii) Indian Airlines reduces its airfare by 30% to attract more passengers.

Directions: Answer the following questions with the most correct answer whether the selection is in multiple-choice or supply the answer.

Cost of Goods Sold, (COGS), can also be referred to as cost of sales (COS), cost of revenue, or product cost, depending on if it is a product or service. It includes all the costs directly involved in producing a product or delivering a service.

5. Which of the following is the correct formula in finding COGS or COS? (1 point)

a.The COS for manufacturing entities is zero because of its value in deflation.

b.The COS for merchandising entities is goods available for sale minus the ending

amount of inventories.

c.The COS for service entities is service available for sale plus the beginning

service inventories.

d.The COS for service entities is equal to the adjusted market selling price.

6. Explain why the three items you have not chosen above are incorrect.