what has been discussed during the latest summit of G7, which took place in August 2019 in France. What key issues were raised and why?

List and compare the relative advantages of the American and the British militaries on the eve of the American Revolution.

Word count for question 1500

Discuss the determinants of price elasticity of supply. Besides knowing the price
elasticity of supply, why it is important for a seller to understand the price elasticity
of demand of its product?

How was George Washington able to secure a victory over the most powerful nation in the world? Does he win the war singlehandedly or were there other important factors?

Which nations are the richest and which are growing the fastest? What are the conditions that lead to higher incomes and faster-growing incomes?

1. Consider the following data for the “home” country of Afar (whose currency is the Afarian pound, £); the “foreign” currency is the U.S. dollar ($):

2000    2006

E £20/$                 £22/$

Phome 100                    140

Pforeign         100                     110

1. Calculate the real exchange rate for 2000 and 2006.
2. Did the Afarian pound appreciate or depreciate in nominal terms? in real terms? Explain your answer intuitively.
3. What do you think has happened to Afar’s trade balance (E- Z) between 2000 and 2006?
4. Does (relative) purchasing power parity hold for Afar between 2000 and 2006? Why or why not?
5. What would the nominal exchange rate e have to be in 2006, in order for purchasing power parity to hold (i.e., to keep the real exchange rate constant at its 2000 level)?

What are reasons on why the trade War is still happening and cannot get solved? What are potential outcomes?

You are expected to provide your answers in academic writing.

Explain, using Solow's (1956) model, (i) why the seeds of long-run output growth lie in investment, which constitutes a part of the aggregate demand (AD), and (ii) how AD grows when the long-run output grows, so that the balance in the goods market is maintained?

Dana's monthly demand curve for the gym is: p=10-q where p is the price and q is the quantity. The market price for a single visit is 3 RMB. Monthly membership (you can enter the gym for free if you have the membership) cost 22 RMB. Should Dana pay for the monthly membership? Prove.

True or False: A 10% reduction in price that leads to a 10% increase in the amount purchased indicates a price elasticity of more than 1 (in absolute value).

True

False

True or False: A 10% reduction in price that leads to a 2% increase in total expenditures (or total revenue) indicates a price elasticity of more than 1 (in absolute value).

True

False

If the percentage change in price is less than the resultant percentage change in quantity demanded, demand is   .