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A population consists of the values (1, 3, 4). How many samples of size 2 can be drawn from this population considering that replacement is allowed? *
using a circular flow diagram ,illustrate the flow of income and spending for a model including the foreign sector .clearly describe and indicate leakages the direction of the flows
list and provide a short explanation of three central economic questions
illustrate and explain how an increase in household income will affect the equilibrium price and quantity in the market for data in scenario 1
in economic theory , a clear distinction is made between a movement along the demand curve and a movement of the demand curve in the light of this statement ,provide the correct graph to illustrate and explain an increase in the price of the product
A strip of lead metal initially with a length of 35cm is heated so that its temperature changes by 80°C. Find the change in length of the lead and its new length at the new temperature.
in economic theory a clear distinction is made between wants and demands .in the light of this statement provide your own example to explain how demands differ from wants
with references to the indifference theory with good Y on the vertical axis and good X on the horizontal axis graphically illustrate a change in consumer equilibrium due to a change in income .suppose that income increase
the situation in which a firm makes an economic profit is a identified as one of the possibe short run positions of a firm under perfect competiton illustrate the given short run position and explain the situation with reference to your graph
C = 350 mil + 0.85Yd
I = 175 mil
G = 300 mil
X = 170 mil
Z = 120 mil
T = 0,15Y
Yf = R3100 million
Equilibrium Income: Y = C + I + G + (X - Z)
Disposable Income: Yd = (1 - t)Y
• How much does the government collect in taxes when the economy is in equilibrium?
