Questions
What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural...

What are cyclical, frictional, and structural unemployment? The natural rate of unemployment equals frictional plus structural unemployment. Countries with higher unemployment insurance benefits tend to have higher natural rates of unemployment. Do you think that more generous unemployment benefits raise u* by reducing the finding rate or increasing the separation rate?

In: Economics

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living...

In the long run, economic challenges for the Namibian economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity of people and reversal of the increase in income equality that kept productivity growth. Using a case study of your choice in Namibia, assess the short and long run economic, and employment impacts of infrastructure investment. In your assessment, show (estimate) and discuss the likely impact on overall economic activity productivity and the number and the types of jobs. Furthermore, you are required to discuss how the investments are financed.

In: Economics

How does our production function explain differences in GDP per capita (y= Y/L) across countries? (Your...

How does our production function explain differences in GDP per capita (y= Y/L) across countries? (Your answer should include differences in capital per person and differences in productivity.)

In: Economics

Would a countries government bond yields over 10 years fluctuate with their real economies over 10...

Would a countries government bond yields over 10 years fluctuate with their real economies over 10 years? Would the government bond yield be associated to other macroeconomic indexes or events?

In: Economics

a) What is the characteristics of a perfectly competitive market. b) Using the concepts in Part...

a) What is the characteristics of a perfectly competitive market.

b) Using the concepts in Part (a) above, decide on the type of market structure for the following:

  1. Sunkist, a producer for juice beverages in Malaysia.
  2. A farmer who produces corn in the Northern-states of the Peninsular Malaysia.

c) Which of these market structures is the most prevalent in the Malaysian economy? Justify your answer.

In: Economics

Let us assume the situation like in the lecture; the home country exports cloth and imports...

Let us assume the situation like in the lecture; the home country exports cloth and imports food. Please explain with graph(s)what will happen, if the relative price of food increases?

Particularly, derive

A What will happen with the slope of the iso-value line?

B What will happen with the production quantities in the home country (Will more or less food produced and will more or less cloth produced) ? Why?

C What will happen with the terms of trade of the home country?

D Will the home country be better or worse off, after the relative price of food increased? Why?

In: Economics

The prime minister announced the movement control order from March 18-31 to curb the spread of...

The prime minister announced the movement control
order from March 18-31 to curb the spread of the
coronavirus. Discuss how the restaurant business in
Malaysia is affected and what are measures taken by
the operators. (300-400 words)

In: Economics

Focussing upon current UK macroeconomic issues With reference to the present situation (March/April 2020) relating to...

Focussing upon current UK macroeconomic issues

With reference to the present situation (March/April 2020) relating to the ‘Covid 19’ Coronavirus which is impacting with extremely adverse effects upon the world health situation and much of the world macroeconomy

Explain in macroeconomic terms how the above virus is impacting upon the following economic sectors:

The UK commercial aerospace sector these typically carrying holiday and business passengers; and the UK retail food supply sector (supermarkets such as Tesco, Sainsbury, ASDA etc).

Focus upon the effects which may be impacting upon the short-run and the longer run viability of these businesses, how ‘Bandwagon’ effects may be impacting upon the sectors and the measures that Government can implement in order to influence these outcomes.

In: Economics

With reference to ‘Automatic Fiscal Stabilisers’ (AFS) Define what you understand by the term Automatic Fiscal...

With reference to ‘Automatic Fiscal Stabilisers’ (AFS)

Define what you understand by the term Automatic Fiscal Stabilisers and provide an explanation as to how ‘Automatic Fiscal Stabilisers’ may work within the UK economy. Outline any problems that may arise when automatic stabilisers begin to take effect.

In: Economics

The prime minister announced the movement control order from March 18-31 to curb the spread of...

The prime minister announced the movement control order from March 18-31 to curb the spread of the coronavirus. Discuss how the restaurant business in Malaysia is affected and what are measures taken by the operators. (200-300 words)

In: Economics

Please hand written on paper (A4 pages). Atleast 300 words 1- Describe the impact of the...

Please hand written on paper (A4 pages). Atleast 300 words

1- Describe the impact of the coronavirus and government policy responses in terms of the AD/AS model and 'shifters'.

In: Economics

23. With reference to ‘Automatic Fiscal Stabilisers’ (AFS) Define what you understand by the term Automatic...

23. With reference to ‘Automatic Fiscal Stabilisers’ (AFS)

Define what you understand by the term Automatic Fiscal Stabilisers and provide an explanation as to how ‘Automatic Fiscal Stabilisers’ may work within the UK economy. Outline any problems that may arise when automatic stabilisers begin to take effect.

In: Economics

Suppose that you are the managing director of a pharmaceutical company that sells a unique patented...

Suppose that you are the managing director of a pharmaceutical company that sells a unique patented drug to hospitals and drug stores. You are free to charge different per unit prices at these two markets. Let p be the price per unit of drug and q be the quantity demanded. The hospitals demand curve is described by p = 12 – q and the drug stores demand curve is given by p = 8− q. The marginal cost of producing the drug is constant and equal to c = 2 per unit.

1. What is the price that you will charge to hospitals (H)? To drug stores (D)?

2. If you were to charge a uniform price to all the buyers, what would it be?

3. If the Antitrust Division cares about the sum of your company’s profits plus the total consumer surplus of all the buyers, do you think it should ban price discrimination? (Computation required for full credit. Hint: compute the consumer surplus separately for drug stores and hospitals, even if they buy at the same price, and then add them up.)

In: Economics

What Is Fiscal Policy? Full word page simple summary

What Is Fiscal Policy? Full word page simple summary

In: Economics

The supply function for good X is given by Q x s = 200 + 4P...

The supply function for good X is given by Q x s = 200 + 4P X - 3P Y - 5P W, where P X is the price of X, P Y is the price of good Y and P W is the price of input W. If P X = 500, P Y = 250, P W = 30, then the supply curve is:

Please solve step by step. I think the answer is -700+4Px, but to get that the numbers are plugged in except 500. Why is that the case??

In: Economics