Discuss what is the difference between Dewan Negara and Dewan Rakyat

1. Briefly state and describe the general approaches to taxation that countries can adopt.
2. What is “Double Taxation” and how its burden might be eliminated or reduced?
3. What are “Foreign Tax Credit,’ “Foreign Tax Deduction,” and “Foreign Tax Credit Limitation”?
4. What is “Transfer Pricing” and how could it be used to reduce worldwide tax obligations?

1. Our economy is currently experiencing conditions that have not occurred in recent history. Using the AS/AD model developed in Chapter 10, explain how our current economic conditions impact aggregate supply and aggregate demand. There is no right or wrong answer, you just need to justify your answer thoroughly. Be sure to comment on AD, LRAS and SRAS curves including the shape of the SRAS curve and why.

2. Are there any economic indicators that can support your answer? Hint: use your FRED dashboard (other series could be used too) Don’t feel like this answer needs to be complicated or has to have a lot of info. If you find that no indicator supports your answer you could say that but you could say why you think that is the case, or you could only see one or two and that is ok. Don’t over think this one!

3. Graph the AS/AD you described in Question 1. Be sure to label all axes, curves and changes in equilibrium. Add arrows to indicate any shifts in curves. You can add your graph to the word document or include it as an additional attachment.

Identify the set of Nash equilibria of this game (pure and mixed strategy).

Q. Discuss the barriers to trade and their impact to the consumer.

Assessment Question Week 2: Production Possibility Frontier
In 2017, Nepal production of rice and machinery in 2017 was published by the Nepal Bureau of Statistics as indicated by the table below.
Production in Nepal
   P   Q   R   S   T   U   V   W   X   Y   Z
Rice (1000 tons)   0   10   26   37   45   50   55   59   66   77   80
Machinery (units)   90   89   85   80   75   70   65   60   50   30   0

Based on the table above, a production possibility frontier for Nepal can be plotted as below:

Use the Nepal production table and production possibility frontier to answer the following questions.
(a)   Name positions B, V and D. Explain the implications of each of the production positions (B, V, D) on Nepal’s economy.
(b)   Supposing Nepal is operating at level T what is the opportunity cost of producing 10,000 more tons of rice? Also, suppose Nepal is operating at X what is the opportunity cost of producing 70 units of machinery?
 
(c)   Use the graph below to answer the questions that follow

(i)   Suppose Nepal begins to manufacture fertilizers, explain the impact of the discovery of fertilizers to Nepal’s economy using PPF.
(ii)   Supposing there is a discovery of steel in Nepal, explain the impact of steel to the economy of Nepal using a PPF.
(iii)   The Minister of Finance in Nepal advices that in order to increase rice production and machinery, each sector requires USD 50 billion. Explain the impact of the budgetary allocation on the economy of Nepal using PPF.

Q. Discuss the disadvantages to trade.

Q. Discuss the advantages to trade.

Suppose that uncertainty about the economic impact of the pandemic causes the public to adjust by saving more to use in case of a lenghty economic downturn worldwide. Comment on the impact to the multiplier and Real GDP.

5. According to the textbook, which of the following statements is (are) correct?
(x) The multiplier effect is the multiplied impact on aggregate demand of a given increase in government purchases of goods and services.
(y) The marginal propensity to consume (MPC) is defined as the fraction of extra income that a household consumes rather than saves and the larger the MPC the larger the multiplier effect.
(z) According to the multiplier effect, an increase in government purchases causes interest rates to increase which increases investment spending.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only.
E. (y) only

6. Which of the following statements is (are) correct?
(x) According to the textbook, an increase in government spending on goods to build or repair transportation infrastructure and education facilities shifts the aggregate demand curve to the right and, in the long run, shifts the aggregate supply curve to the right.
(y) According to the crowding-out effect, an increase in government purchases causes interest rates to rise and the interest rate increase causes an increase in investment spending.
(z) The multiplier effect amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (z) only

7. If consumer confidence diminishes and causes a reduction in household spending, then aggregate demand ________, which the government could offset by _________ government expenditures or ________ taxes.
A. decreases, increasing; increasing.
B. increases, increasing, decreasing.
C. increases, decreasing; increasing.
D. decreases, decreasing; increasing.
E. decreases, increasing; decreasing

10. A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q + 0.1Q2 and long-run marginal cost of LMC = 800 – 20Q + 0.3Q2.
a. In long-run equilibrium, how much will each firm produce?
b. What is the long-run equilibrium price?
c. The industry's demand curve is QD = 40,000 – 70P. How many units do consumers buy in long-run equilibrium? How many firms are in the industry?
d. Suppose the industry's demand curve rises to QD = 40,600 – 70P. How many new firms will enter this constant-cost industry in the long run?

Suppose you were to pick a 24 hour period during which time you'll eat no more than $3 worth of food to experience what the average poor person in a less developed country has available to obtain food. Next, calculate what you would normally spend on food during a 24 hour period. For example, if you normally spend $10 per day on food, the difference will be $7.

To properly define the above case scenario, write a paragraph or two describing what you would experience during the 24-hour "abstention" period.

Why do you think that Amazon decided to enter the B2B Marketplace?

What makes their offering different from traditional B2B marketers and will this differentiation be enough to encourage B2B sellers and buyers to move to Amazon Business? Frame your answer (either pro and con) with arguments to backup your assessment.

What can and should traditional B2B marketers and sellers do to combat Amazon’s entry into this marketplace?