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Read the extract below and answer the questions that follow:
High unemployment rate, rising taxes drag down S Africa's Economic Freedom rank"South Africa has fallen from its position of 93 last year in the Economic Freedom of the World Annual Report, released by the Free Market Foundation (FMF) and Canada's Fraser Institute, to 99 this year."FMF director Eustace Davie attributes South Africa's worsening ranking among 165 jurisdictions monitored, to the deterioration of economic activity in the country, including its high unemployment rate..."
Question 1: Explain how high taxes may contribute to the deterioration of economic activity and high unemployment rates in South Africa.
Question 2. Discuss the consequences of deteriorating economic freedom and high unemployment for the economy and the society as a whole. Question 3. Formulate a fiscal policy that may be implemented to improve this situation.
Question 4. Critically evaluate the role of GDP as a measure of economic growth.
if the policy interest rate is near zero what less conventional monetary policy tools might a central bank ue to
What is the balance due on the original mortgage if 20 payments have been made in the last five years? What is the difference between the equal quarterly payments on the present bank loan and the proposed insurance company loan?
A company's headquarters is located in downtown Chicago. If they require their employees to start working at 6:00 a.m., the company is interested to know the mean driving time of its employees. Fifty
Using the data in the table and on your graph, explain the profit maximizing, or loss minimizing level of output. Define a normal profit and an economic profit. Are normal profits being earned in this example?
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according to milton friedman business has only one social responsibility - to make profits as long as it stays within
Variables in economic expansions
Explain how price elasticities of demand and supply influence the decisions of businesses and firms and what are some examples
If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs from vendors in the city is Q = 4400-1200P, how many vendors are there?
How does the creation of a successful movie influence what, how, and for whom goods and services are produced? The response must be typed.
A telecommunications firm is considering a product expansion of a popular cell phone. Two alternatives for the cell phone expansion are summarized below.
The price of licenses for tractors owned by farmers who grow X falls. The cost of a license is independent of how many days the tractor is used.
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