Identify the links and argue the economic effects of COVID-19 to Fiji. Provide examples to support your arguments

this is my essay

Capitalism is one of the most universally loved and hated system. I agree with the three points the author pointed out to show the good facts about free-market capitalism. There was always a big conflict between capitalism and socialism. Many people think that capitalism is the most important factor for economic growth and development, and many people think that capitalism is the cause of social suffering. the confrontation between capitalism and socialism seemed to be a zero-sum conflict in which one side made a profit at the expense of the other Over time, many disputes and conflict suppression brought about Anarcho capitalism, benevolent capitalism, Clony capitalism and free-market capitalism. My conclusion: The best way to deal with the conflict between capitalism and socialism was given by Mohandas Column Shandhi about 100 years ago.he described in Swaraj the underlying theory behind the book that first develops the poorest part of the country with education and enough employment and then from the poor to the poor But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation.

this essay questioned by professor saying that "But most of the theories of capitalism are tested first on capital, resulting in social imbalances. poor people tend to move to the capital for a better future and engage in exploitation." Please explain.

Suggest ways of promoting Fiji made goods to Australia and New Zealand. In your view, what are the barriers to trade and how can Fiji deal with issues of trade competitiveness. Cite examples of policies that would promote trade from Fiji.

1. What function is a horizontal line when Aggregate Expenditure = C + I + G + (X – M)?

Imports

Government spending

Consumption

2. The goal of the government of Swansia last year was to increase the level of aggregate demand by reducing tax rates. What fiscal policy type did Swansia use?

discretionary and expansionary

contractionary and automatic

automatic and expansionary

3. If Congress passed a new budget that increased taxes it would?

reduce the gross domestic product to a new equilibrium as it rises and the aggregate demand shifts to the right.

increase the gross domestic product to a new equilibrium as aggregate demand shifted to the left

reduce the gross domestic product to a new equilibrium as aggregate demand shifted to the left.

4. Corporate stock ________.

is considered to be a loan from a bank.

represents debt in a firm.

represents ownership in a firm.

Given

Choosing between two proposed traffic safety project intersection of a high crash rate intersection. Two solutions are proposed.

Project A: build a 5.57 million dollars overpass to separate the two roadways. The estimated value of the crash avoided will be 513000 per year over the next 20 years.

Project B: improve the geometry and signal timing at the intersection at a cost of 418000 dollars. The estimated value of the crash avoided will be 61800 dollars per year over the next 20 years.

Required:

A- What is the percent worth benefits and costs (PWB and PWC) for each project? Show cash flow diagrams and calculations. The current interest rate is 5.4% per year.

B- Using Net Present Worth NPW which project is better?

C-Using the benefit cost ratio BCR which project is better?  

Discuss and illustrate graphically the difference between a change in quantity supplied and a change in supply.

8.         List and discuss the factors that shift supply. Illustrate graphically.

9.         Define, discuss and illustrate graphically equilibrium in the olive market. Define and illustrate graphically excess demand and excess supply.

1. Consider the following game. Player 1’s payoffs are listed first:

1. Imagine that player 1 makes a decision first and Player 2 makes a decision after observing player 1’s choice. What is the subgame-perfect equilibrium of this game?

2. Imagine that player 2 makes a decision first and Player 1 makes a decision after observing player 2’s choice. What is the subgame-perfect equilibrium of this game?

3. Are your answers to (a) and (b) above the same or different? Explain.

1. Two friends are deciding where to go for dinner. There are three choices, which we label A, B, and C. Max prefers A to B to C. Sally prefers B to A to C. To decide which restaurant to go to, the friends adopt the following procedure:

                                First, Max eliminates one of three choices.

Then, Sally decides among the two remaining choices.

Thus, Max has three strategies (eliminate A, eliminate B, and eliminate C). For each of those strategies, Sally has two choices (choose among the two remaining).

1. Write down the extensive form (game tree) to represent this game.

2. If Max acts non-strategically, and makes a decision in the first period to eliminate his least desirable choice, what will the final decision be?

There is much discussion about the likely structure and direction of international trade once the Covid-19 crisis is over. One view is that demand for Chinese products, and thus exports of China to the world will decline. Explain the impact of this decline on welfare (please specify whose welfare) in the context of (i.e. using the assumptions and predictions of) (a) the standard model and (b) a model where there are external economies of scale in the production of products that China exports.  

In your own words (you cannot paraphrase), explain the adverse selection problem that car insurance companies face and how they deal with it. Finally, in few words explain whether insurance companies should only insure safe drivers.