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1) What are the most important challenges that economists try to address?
(2) What is the role of government in a market based economy?
(3) Who are the main economic players and which are the most important factors of production in California?
(4) How can we expand the production possibilities curves? (give some examples at macro- and micro-economic levels)
(i) How do we measure economic growth and why do we need economic growth? (ii) What can governments do to stimulate economic growth and create jobs? (provide some current exampl
Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq
monetary policy
A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ
CURRENCY UNIONS AND OPTIMUM: This Section explains the working of monetary unions and common currency areas. The Section also examines the case for and against optimum currenc
is country beter off with ban on imports?
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
a more simple explanation of the group equilibrium in the short and long run
Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit
Differentiate between real and nominal variables. In economics, the distinction among nominal and real numbers is often made. Nominal variables -- like nominal wages, interest
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