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Q1. Before the 1st Gulf War, Kuwait had the capacity to produce a certain amount of oil from its oil wells. After the war, it found which capacity greatly diminished because the oil wells were on fire. Draw Kuwait's PPF before also after the war, assuming which the only two goods produced are oil also food. Further suppose which setting the oil wells on fire did not affect Kuwait's ability to produce food. Explicate why the PPF before the war is different from the PPF after the war.
Q2. Explain how you appraise the role of modern government.
This question uses the general monetary model, where L is no longer assumed constant.
Evaluate the financial performance of the company using the information providedin scenario. Consider all the key drivers of performance, such as company profit or loss.
Elucidate why from an economic point of view towing a car illegally parked rather than just ticketing it provides a better incentive.
The bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John.
Explain how supreme as well as comparative advantages were used in your simulation.
Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Explain with the concept of optimization and a graph, the circumstances under which a waste site could be made "too clean".
If each of the firms sets its own output rate to maximize its profits, assuming that the other firm holds its rate of output constant.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
What factors might these types of stores have in common behind their declines.
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