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Assignment:
According to Statistics Canada, inflation in Manitoba has increased by 9.4% from June 2021 to June 2022.
a) What major/significant factors have contributed to this increase? (include the link for information)
b) Explain the economics behind the factors (include the link for information)
c) Think about Canadian and international factors, supply and demand, labor, inputs to production. (include the link for information).
Distinguish between physical capital and financial capital and give two examples of each. b)What is the distinction between gross investment and net investment?
Suppose that American Tree, one domestic producer, convinces Congress that because its production methods are the safest in the industry, it should be allowed to be the only supplier of artificial trees to American consumers.
During Dec. 2007 and Dec. 2008, measured RGDP in economy fell by 1 percent as the US economy sank into a recession. Over that same time period total employment in terms of hours worked declined by 3.7 percent
Identify also explain the key features of an oligopolistic industry. Illustrate your answer with reference to an industry of your choice.
What is the convergence hypothesis? What is the difference between conditional convergence and absolute convergence? Using a Solow growth model, can you explain
suppose the price of housing increases to 3 but the price of food stays at 10.rewrite janes budget constraint and draw
(a) Write down the maximization problem for this individual. (b) Solve the maximization problem and nd current consumption, future consumption and savings (or assets).
Which Political Economy Days lecture(s) did you view? Please state the title of the talk and the name of the presenter.
(a) What are the costs of unemployment to people who are unemployed and tosociety as a whole?
Suppose the money supply grows at a constant rate of 4%/year. What is the inflation rate? What's the nominal interest rate? What would be different if money growth were higher or lower (say, 2% or 10%)?
An University President wants to reduce expenditures on fringe benefits
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounts of potatoes per year. If she devotes all her resource to raising chickens she can raise 50 chickens per year. (If she apportions some resources to each
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