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In 2015, the Human Development index (HDI) of South Africa was 0.668 (ranked 119 in the world) and that of Tonga was 0.776(ranked 101 in the world). South Africa's Gross National Income (GNI) per capita was $12,087 and the GNI for Tonga was $5,284. Briefly explain and comment.
Explain how a chronic disease like COPD has seen an increase in mortality compared to the more common communicable diseases
An apparel company manufacturing women only clothing also offers an in-store fitness studio, a café and a climbing wall.
Would it be fair if colleges allocated seats in courses on the basis of price? In other words, let students bid for available seats in classes, rather than using a first-come, first-served system based on some sort of administrative procedure. Explai..
how will Kristine s consumption pattern and welfare be affected
If the Federal Reserve raises interest rates, demand for housing is likely to fall. The Federal Reserve should raise interest rates to keep inflation at an acceptably low level. A reduction in the capital gains tax (the tax on profits made in the sto..
Demonstrate how a relative decrease in the price of good A will affect this relationship.
What is asymmetric information? Explain adverse selection and moral hazard problems arising because of asymmetric information
US import demand for French perfumes is given by P = 90 - 3Q, where P is the perfume price ($), Q is the number of imported perfume bottles (in millions) demanded by US consumers. International supply of French perfumes (in dollars and in million bot..
Imagine that you find a rare case where the elasticity of a demand curve equals = l. What exactly does this mean?
a. What is the equilibrium price of coffee? a. How many cups of coffee will be exchanged at this price?
A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. Calculate the deadweight loss from the tax. Could the tax be justified despite the deadweight loss? What tax revenue will be generated?
In which of the following cases would a monopoly increase its per-period total profits by lowering price and increasing output:
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