An organization faces several internal and external risks in economic decision, such as high competition, failure of technology, labor unrest, inflation, recession, and change in government laws.Therefore, most of the business decisions of an organization are made under the conditions of risk and uncertainty.An organization can lessen the adverse effects of risks by determining the demand or sales prospects for its products and services in future. Demand forecasting is a systematic process that involves anticipating the demand for the product and services of an organization in future under a set of uncontrollable and competitive forces.

Question 01: In your opinion, explain with examples how Economic Decision analysis is important in Demand Forecasting and cost

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Note: Please no copy paste from internet plagiarism is strictly prohibited

QUESTION 1

During the past century the average growth rate of U.S. real GDP per person is 2% per year. It implies that it doubled, on average, about every

Select one:

a. 100 years

b. 70 years

c. 35 years

d. 25 years

e. 50 years

QUESTION 2

In the loanable funds market, if the government is running a budget surplus

Select one:

a. it is a supplier of funds as it is taking in more than it is spending

b. it is a demander of funds as it is taking in more than it is spending

c. it is a supplier of funds as it is spending more than it is taking in

d. it is neither be a supplier or demander

e. it is a demander of funds as it is spending more than it is taking in

QUESTION3

What is the effect of diminishing returns to labor on the slope of the aggregate production function (where output is measured on the vertical axis and employment is measured on the horizontal axis)?

Select one:

a. It implies that the slope of the curve increases as the number of workers employed increases

b. It implies that the slope of the curve becomes negative as the number of workers employed increases

c. It implies that the slope of the curve decreases (or becomes flatter) as the number of workers employed increases

d. It keeps the slope the same throughout

e. It has nothing to do with the slope of the aggregate production function

QUESTION4

The supply of loanable funds curve is upward-sloping because a rise in the interest rate

Select one:

a. decreases the opportunity cost of firms' investment spending

b. stimulates the economy

c. decreases the opportunity cost to households’ current consumption

d. increases the opportunity cost to households’ current consumption

e. increases the government's desire to run a budget deficit

SUBJECT : Consumer Behaviour and Marketing Psychology

Create a 10 survey questions that designed to examine why consumers decided to purchase your chosen product (i.e LAPTOP). These questions should inquire about perception, attitudes, motivation, and cultural factors that influence consumer behavior and consequently consumers’ purchasing decisions.

Please note that this survey should not ask participants questions about product or service quality/attributes and customer satisfaction.

In providing the list of ten questions, you must also include theories/concepts that link to each of the questions, and objective/s of the questions.

Tell about relationship between welfare state and pension system model / characteristics

Transition dynamics, more: Explain the following statements:

a) The Solow growth model tells us that poorer countries ought to grow faster than richer countries?

b) If two countries have the same k, the country with the higher investment rate grows faster than the country with a lower investment rate.

c) Statement a) is true if ?̅, ?̅, ??? ?̅ are the same for all countries. It may not be otherwise.

d) The Solow growth model implies convergence in GDP per capita over time. This holds for some groups of countries, but not all.

Solow growth model: steady state. What does it mean for the economy to be in the steady state? How is the steady state determined? How does steady-state output per person depend upon the investment and depreciation rates? Explain why an increase in the investment rate raises steady-state y. What are the effects of a rise in TFP or a fall in the rate of depreciation on steady-state y?

The widget industry is comprised of six firms of varying sizes. Firm 1 has 35 percent of the market. Firm 2 has 25 percent, and the remaining firms have 10 percent each. What is the Herfindahl-Hirschman index for the widget industry? Explain and show your work. (4) Based on the U.S. Department of Justice merger guidelines described in the text, do you think the Justice Department would be likely to block a merger between firms 5 and 6? Explain and show your work.

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 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.

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.)

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?

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.

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?

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)

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.