Keeping customer lives simple, convenient and more importantly digital, Ooredoo’s Pay+ mobile wallet is
continuing to set the standard in the Sultanate’s evolving payment ecosystem. Developed together with the National
Bank of Oman (NBO), the fast, and secure e-wallet enables customers to make a wide range of transactions from a
single app on their smartphone including payments, deposits, transfers, or withdrawals. Feras bin Abdullah Al
Shaikh, Consumer Director at Ooredoo said, “Pay+ has seen great success since launching in December of last year.
Smartphones are no longer just for calls, messaging and surfing, they have transformed to become an integral part
of people’s daily lives. Through Pay+, customers and merchants are able to leverage Ooredoo’s digital leadership
and strong network as well as NBO’s expertise for a faster, more secure and convenient banking experience on the
go.” Approved by the Telecommunications Regulatory Authority and the Central Bank of Oman, the service allows
customers to use their phones to pay in restaurants and stores, transfer money locally and internationally, make
withdrawals and deposits, top-up mobile credit and make bill payments to any operator in Oman. Moreover, the
app’s robust security features mean that payment information is protected at all times.
Instruction: Please make sure that each answer is having 150 – 175 words (3 x 5 Marks = 15 Marks)
1. What kind of money transactions are discussed in the above case and why?
2. ‘Pay+’ will make Omani economy ‘cashless’ Do you agree / Disagree Justify your answer
3. Describe any two issues related to ‘Pay+’ transactions in Oman.

Specify and briefly explain the four phases of the model of a general financial crisis given to us by economist Hyman Minsky. According to Minsky, the financial system is unstable, fragile and prone to crisis. How does the corona virus pandemic fit into the Minsky perspective?

The demand for a good (X) is estimated to be Q x = 2,200 - 2 Px + 4Py - .1M + .5A x , where A x represents the amount of advertising spent on X and the other variables have their usual interpretations. Suppose the price of good X is $550, good Y sells for $40, the company utilizes 3,000 units of advertising, and consumer income is $20,000.

a. Calculate the own price elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

b. Calculate the cross price elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

c. Calculate the income elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

Please show work.

Consider a rural household thinking about encouraging one or more members to migrate to a city for work. Explain the different mechanisms through which migration may increase (or decrease) that household’s wealth.

In what ways does the Efficient Market Hypothesis challenge the assumptions of Technical Analysis?

What is the implication of the strong form of the Efficient Market Hypothesis (EMH) on the practice of insider trading? Do you think that the strong form of EMH holds

3) Why is the new law allowing the sale of marijuana in Colorado so controversial?

4) Why are the surrounding states suing the state of Colorado?

5) What are the short-term and the long-term effects of smoking marijuana 3-7 times per week for 3 years or more? ..... cognition/memory; male sexual reproduction; motivation Search entries or author

Microeconomics

Construct Production Possibility Frontiers graphs with constant opportunity costs for United States and Chile.  Assume there are two goods in these economies: Wheat and Copper.  If the U.S. puts all of its resources into the production of wheat, it can produce 300,000 units of wheat; if it puts all of its resources into the production of Copper, it can produce 150,000 units of copper. If the Chile puts all of its resources into the production of wheat, it can produce 100,000 units of wheat; if it puts all of its resources into the production of Copper, it can produce 100,000 units of copper.  

            a. Determine the opportunity costs of both countries to produce both wheat and copper.

b. Which country has the absolute advantage in the production of each good? Explain why.

            c. Which country has the comparative advantage in the production of each good? Explain why.

what are the advantages and disadvantages of adaptation in international Marketing

Classical economists argue that a government-imposed minimum wage can cause economic inefficiency, and that increasing the minimum wage can create more inefficiency. On the other hand, Governor Pritzer argues that increasing the minimum wages is economic justice. Do you agree with him? Explain

.

1. vent: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 14

1. Event: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 15

1. Event: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 16

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in aggregate demand (AD)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 17

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in short run aggregate supply (SRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 18

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 19

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 20

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 21

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in aggregate demand (AD)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 22

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in short run aggregate supply (SRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 23

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 24

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 25

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

It is important to know the difference between shifts in the AD curve (right or left) and movements along this curve. Which of the following will move one down the AD curve (that is, moving down vertically)? There might be more than one.

1.interest rates fall and firms increase investment
2.firms produce more due to a higher price for produced goods

3.firms produce less due to a higher prices for produced goods

4.firms cut production due to a higher price of oil (which is turned into gasoline for cars, kerosene for airplanes, and diesel for trucks)

5.firms increase production due to a lower price of oil (which is turned into gasoline for cars, kerosene for airplanes, and diesel for trucks)

6.prices fall and total spending rises

7.prices rise and total spending falls

8. For the same P, there is more total spending. Thus, the AD curve shifts right.

Assume that Netflix can charge European users a different price from US users, but that the costs of providing programming to each user increases as the total number of users increases. Specifically, the U.S. has demand:

??? = 22 − (3/2) ???

And Europe has demand:

?? = 12 − ??

And Netflix’s cost function is: ? = 30 + 5(??? + ?? ) + (1/2) (??? + ??) 2

Resulting in marginal cost: ?? = 5 + (??? + ??) Identify the optimal price(s), quantities of customers, and resulting profits for this third-degree price discriminating firm.

Your US based company exports drendels to the rest of the world. The world market for drendles is highly competitive (so competitive that changes in production in the US do not impact the world price). The current price of a drendle is €100/drendle. Company's cost fix is C(q) =50,000+50q+0.02q² in US dollars. If the exchange rate is $1.20/€ how much profit in US dollars does your firm make?

Suggest one specific government measure that might be used to tackle each of the following:

1. A decrease in a country’s labour force participation rate
2. An increase in the number of long-term unemployed
3. An increase in Nova Scotia’s unemployment rate
4. An increase in the number of coal miners out of work
5. An increase in the unemployment rate of young workers