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After an alien invasion, Earth has to resort to the extreme protection of its resources in order to survive. A global government is elected with the mandate to control all the resources, which remain to humanity. The global government serves as a centrally directed economic system and has assumed complete responsibility for producing and distributing products and services. Which one of the following best describes the main economic system used in this new world order?

Explain the term Industrial policy. Discuss how

the Industrial Policy of Ghana successfully

protect infant industries.


A contractor offers to purchase your old tractor for $10,000 but cannot pay you the money for




12 months. If you feel i=1% per month is a fair interest rate, what is the present worth to you today




of the $10,000 if it is paid 12 months from now

Essay about impact of labour market and labour union on supply and demand.

Record the following transactions using the accounting equation and T accounts.

1.     Paid utilities expense of $2,000.

2.     Reduced note payable with an $8,000 cash payment (ignore interest costs).

3.     Incurred expense of $3,000, to be paid in the future (accounts payable).

4.     Collected $4,000 on an outstanding account receivable.


Record the following transactions using the accounting equation and T accounts.

1.Owner contributed $50,000 in cash for company stock.

2.Purchased building for $120,000, making a $20,000 down payment and signing a promissory note for the balance.

3.Sold products to customers for $15,000 cash.


Record the following transactions using the accounting equation and T accounts.

1.     Owner contributed $50,000 in cash for company stock.

2.     Purchased building for $120,000, making a $20,000 down payment and signing a promissory note for the balance.

3.     Sold products to customers for $15,000 cash.

4.     Paid utilities expense of $2,000.

5.     Reduced note payable with an $8,000 cash payment (ignore interest costs).

6.     Incurred expense of $3,000, to be paid in the future (accounts payable).

7.     Collected $4,000 on an outstanding account receivable.


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.


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