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Over the years, Pakistan has experienced a current account deficit include in appropriate policies whereby the country has used the import substitution strategy instead of export promotion and it has not widened its export base the question is why did Pakistan used the import substitution strategy instead of export promotion and it has not widened its export base?
The nominal interest rate is 6% per year, compounded monthly. Payments are made monthly for 3 years. The original loan is for $12,000.
A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for one of its patented drugs: QUS = 300,000 - 4,000*PUS and QX = 240,000 - 7,000*PX where quantities represent the number of prescriptions. Estimate the profit..
What are some of the different types of judicial philosophy in how to interpret the law? Outline the theories of judicial restraint and judicial activism. What are some of the advantages and disadvantages of each theory? Explain. Lastly, give at leas..
Suppose that consumers become pessimistic about the future health of the economy, and so cut back on their consumption spending. What will happen to aggregate demand and to output? What might the government have to do to keep output stable?
If you were to start your own business someday, describe the revenues and costs you would consider (make sure you are describing economic profit
Explain and diagrammatically represent the changes in the interest rate as a result of the following: (macroecon)
Which of the following events would strengthen the arguments for using an active government stabilization policy, and which would weaken the arguments for active government policy? Explain why in each case. Structural changes make wages adjust more q..
Let’s consider two smokers A and B who, following a 10% increase in the price of cigarettes, cut their smoking by 2% and 20% respectively. a) What is the price elasticity of demand for each consumer? Show all the steps of your calculation to get full..
What are the 4 phases of the business cycle? How long does a business cycle last? What causes each phase?
Using the formula and information given, first calculate the Q Q = -5,200 – 42(500) + 20(600) + 5.2(5,500) + 0.20(10,000) + 0.25(5,000) = Now we can compute the elasticities for each independent variable: ED = ∂QD/∂P * P/QD = – 42 * 500/Q (what you c..
The Babylonians studied problems which lead to simultaneous linear equations and some of these are preserved in clay tablets which survive. For example a tablet dating from around 300 BC contains the following problem:
Maintenance expenses for a bridge on the Ohio river are estimated to be $20000 per year for the first 8 years, followed by two separate $100000 expenditures in years 12 and 18. The expected life of the bridge is 30 years. If i=6% per year, what is th..
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