How the integration would affect serbia growth path

Assignment Help Microeconomics
Reference no: EM13945805

1. Use a diagram to analyse the medium-term growth effects of the following situation. Assume: (1) Serbia's K/L was pushed below its long-term equilibrium by war damage to its capital stock, and (2) the EU signs a free trade agreement with Serbia that has two effects: (2a) it increases the efficiency of the Serbian economy (allocation effect), and (2b) it raises the Serbian investment rate (s) but only temporarily, for, say, ten years.

(i) Show what (1), (2a) and (2b) would look like;

(ii) show where the Serbian economy would end up in the long run (i.e. after s returned to its normal rate); and

(iii) show how the integration would affect Serbia's growth path.

2. Explain why the immigration of low-skilled workers can hurt native low-skilled workers and benefit high-skilled workers.

3. Using the IS-MP-IRP framework, examine the effects of an expansionary fiscal policy (e.g. an increase in public spending (G) under a fixed and under a flexible exchange rate regime.

Reference no: EM13945805

Questions Cloud

How many 512 byte blocks are required to store a 1.6mb file : Suppose that the keyboard device stored keystrokes in a buffer until it was full then sent the entire buffer for processing. What would be some adverse consequences?
What is strategic equilibrium quantity of the public good : Claim: as the slope of the MB curve gets steeper, the difference between the strategic equilibrium and the socially optimal quantity increases. Agree or disagree. How do the formulas help you answer the question? In words briefly explain the econom..
How does the employer promote its fringe benefit : How does the employer promote its fringe benefit and cafeteria plan packages? Compare and contrast several such sites.
Calculate the values for all resistors : Design an 8-Bit DAC Circuit - Calculate the values for all resistors 2. Include calculations and schematic in a Word document
How the integration would affect serbia growth path : Using the IS-MP-IRP framework, examine the effects of an expansionary fiscal policy (e.g. an increase in public spending (G) under a fixed and under a flexible exchange rate regime.
Which of the following is not true about the udp header : A client uses UDP to send data to a server. The data payload is 26 bytes. Assuming no options, what is the percentage overhead considering both UDP and IP headers?
Prepare a memo to susan apple and the treasurer of trip : Trip Garage, Inc. is an accrual basis taxpayer that repairs automobiles. Prepare a memo to Susan Apple, the treasurer of Trip, with the recommended treatment for the disputed income.
What is the likely shape of your budget constraint : The Addictive Foods Corporation wants you do purchase and eat as much of its possible as is humanly possible. So Addictive Foods designs a pricing strategy to encourage this result. Given your own utility preferences for products of the type marke..
Effects of accounting errors on the income statement : What are the effects of accounting errors on the income statement - In addition, are there specific ways to ensure the validity of income statement accounts in your perspective?

Reviews

Write a Review

Microeconomics Questions & Answers

  What are the growth rates of potential gdp in the country

Country A and Country B have identical population growth rates of 1 percent per annum, and everyone in each country always works 40 hours per week. Labor productivity grows at a rate of 2 percent in Country A and a rate

  Microeconomics sectionpart a1 choose two of the following

microeconomics sectionpart a1. choose two of the following to explain with economic intuition. please be concise.a if

  Explain key differences between good and poor managers

Recall the best supervisor or boss ever worked for and the worst one you ever worked for . Compare these two people in terms of their management skills and ability to perform the four management functions.

  Why would the govt impose a price which losses of efficiency

Explain the concepts of consumer surplus and producer surplus, and then use these to demonstrate that a price ceiling is less efficient than equilibrium in a supply and demand analysis. Articulate why the price ceiling results in either a shortage..

  How much money will you receive at the time of their sale

How many cases should you buy, how long should you wait to sell them, and how much money will you receive at the time of their sale?

  Elasticity and costs of production

Identify a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts.

  Should the united states worry about high-tech competition

Microeconomics Summarize the two articles - Should the United States Worry about High-Tech Competition from India and China?

  Nearly everyone knows that the japanese save more money

nearly everyone knows that the japanese save more money than americans do and that they are more community minded as

  If this was perfectly competitive market how many units

consider a monopolist with the following demand function q 60 - 0.667pa. graph the demand and mr lines. what is

  Discuss context neoclassical model and new classical model

"In a closed economy, if the money stock is held constant by the central bank, an increase in the government de?cit does not have either short-run or long-run effects on aggregate demand and output." Discuss in the context of the neoclassical mode..

  Analytical ability in relating federal policies

Analytical ability in relating Federal policies to the specifics of your organization - relate Federal government activity to your specific organization

  Calculate probability of a randomly selected person sleeps

According to the Sleep Foundation, the average night's sleep is 6.8 hours Assume the standard deviation is .7 hours and that the probability distribution is normal.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd