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Question 1:
Discuss why living standards are higher in some countries than others.
Question 2:
(a) How is inflation measured?
(b) What are the causes and consequences of inflation for an economy?
Question 3:
(a) What might cause an appreciation of a floating exchange rate?
(b) Discuss whether an appreciation of a country's exchange rate will always be beneficial to that country.
Question 4:
Write short notes on the following: (a) Monetary Policy (b) Fiscal Policy (c) Balance of Payments (d) Money Demand (Keynesian approach) (e) Economic Growth
What are the important tools of making decisions? Making Decisions: a. How economists model decision making through individuals and firms b. Implicit costs and Explicit-C
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
suppose that a persons wealth is kshs. 50,000 and her yearly income is kshs. 60,000. suppose further that her money demand function is given by Md = y(0.35-i) where i= interest
The rise in the price of oil can be traced to a easy factor, but there are various other contributing factors. The easiest explanation is that the demand for oil is greater than
There are three industrial firms in a quaint town of South Orange where the municipal government wants to reduce pollution to 120 units from uncontrolled level of 210 units. Three
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
the central economic problem facing the group of survivors
Determine the example of Currency inside banks is not money An example may also illustrate this important fact: Eric has 100 euro - this amount is obviously part of the
Problem 1 a. Define ERP. Explain the terminology related to ERP. b. How ERP evolved in a system? a. Definition. >>Description on point of sale, MRP-I, MRP-I
(1) Based on the article, describe as best you can: (i) the reference group for the cost benefit analysis, (ii) the purpose of the study (i.e., what is the "project" in this
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