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Prove the limit of 𝑥𝑛 =1/2 [𝑥𝑛−1 + 𝑥𝑛]
How many circular permutations are there given the numbers on the clock?
Explain the effect of transfer payments like workers remittances on current account
why would countries having trade surpluses operate on foreign debt?
1. Do you know the assumptions which underlay the consumer’s preferences? Explain them.
Given the following information on price of Maize flour (MF) 10$, the price of Rice (R) as 15$ and income of consumer 150$ when the consumer needs to maximize his utility function
Analyze the following graph on consumer behavior, through
Explaining the line/curve A and C
Explain the role of foreign reserves in the balance of payment account
Discuss the effects of lower taxes in the Keynesian model on the general equilibrium.
Given the definitions of Ethics, write down 5 reasons (in sentence form) as to why it is important. Specifically, why does ETHICS030 should be a part of the learning curriculum?
Two coins are tossed. Let T be the number of tails that occur.
Construct the probability histogram.
Demonstrate that money is neutral in the long-run, but not in the short run in the Keynesian model
