In April 2024
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Discuss the fuel tax increase impact the public social welfare.
The amount of time a bank teller spends with each customer has a population mean,
3.10 minutes and a standard deviation, = 0.40 minute. If you select a random sample of
16 customers,
a) what is the probability that the mean time spent per customer is at least 3 minutes?
b) there is an 85% chance that the sample mean is less than how many minutes?
Consequences of Unemployment and then respond to the following:
Based on your own life observations, identify one personal and one social consequence of unemployment in your country or society. What role, if any, do you believe the government should play to reduce negative consequences
What are price controls? Name and define the two.
b. Which control will be effective in (1) Rental markets and (ii) Labor markets,
c. In the above two cases when are the price controls 'not' binding versus when these are
binding?
two markets for substitute goods:
Qs1 = 2P1
QS2=-10+2P2
QD1=20-P1+P2
QD2=40-2P2+P1
FIND THE EQUILIBRIUM PRICE AND QUANTITY OF THE TWO GOODS
Prices are much higher in the Pakistan in 2022 than in 2010.
Does this fact mean that people were economically better off in
2010? Why or why not?
Suppose the nominal exchange rate is 1,000 Chilean pesos per UK pound. Further, suppose the price of a bushel of UK wine is £5 per bottle and the price of a bottle of Chilean wine is 7,500 pesos. (UK is a domestic country and Chile is a foreign country).
a. What is the real exchange rate between Chile and the UK in terms of wine? b. Does a pound have purchasing power parity in the UK and Chile?
c. Is there a profit opportunity that you could exploit with arbitrage? Where would you buy and where would you sell?
d. If the nominal exchange rate stayed the same, what should happen to the price of wine in the UK and Chile? Explain.
which industries are highly competitive, give local examples
(a) The demand (D) and supply (S) equations for a commodity (X) are given by:- D = 2000 – 20P S = -500 + 30P, where P = Price (R) per unit (i) Find the equilibrium price and quantity and show on a suitable diagram.
name the two drivers of the market share of Islamic banking assets and elaborate on their effects and their driving role in the economic growth.
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#339914 on Dec 2023