According to the long run money market model, if money supply is growing at 4% in the

United States and 5% in the United Kingdom, while real GDP is rising at 2% in the United States, and at

1% in the United Kingdom, what will happen to the nominal exchange rate between USD and British

pound? What is the rate of expected depreciation?

What is the fair

-return price for a regulated natural monopoly and why is this more usual that the

socially optimal price?

The relationship between consumption and disposable income is such that as

Group of answer choices

consumption rises, disposable income falls

disposable income rises, consumption falls

disposable income rises, consumption rises

disposable income rises, saving falls

The federal government’s principal tool in altering consumer spending is

Group of answer choices

changing corporate taxes

changing federal sales taxes

changing unemployment insurance benefits

changing personal income taxes

The difference between disposable income and consumption spending is

Group of answer choices

transfer payments

personal taxes

saving

personal investment

The relationship between consumer spending and disposable income is called the

Group of answer choices

consumption function

income function

marginal income function

taxation function

. Suppose we started out at the steady state capital stock in the basic Solow growth model. If the government increased the budget deficit (ceteris paribus) with no effect on the demand for loanable funds from private businesses, then we would expect to see what effects on

a. the nation’s capital stock as we move from the original steady state to the new one (and output per worker, y).

Why is the normal distribution so important? What's the big deal behind it, and why do statisticians care so much? Are real-world data really normally distributed?

Cloete and John are both well renowned businessmen in the beautiful coastal town of Swakopmund. Though both men are rivals when it comes to business, sometime last year they have put aside their unnecessary rivalries and indeed concluded a number of commercial agreements and partnerships. In one of their lucrative transactions, Cloete and John acquired a very beautiful and immense building in the coastal town. Without wasting time, both rich men renovated and repainted the building with the view to renting it out to prospective tenants. An advertisement to this effect was placed in The Namibian newspaper, and many offers started flowing in. In the end, a lease agreement was agreed upon and concluded between Cloete and John (herein lessors) and a group of five young ladies (herein lessees) in May 2018. One of the terms of the contract was that the lessees, since they are all unemployed, would indulge in the acts of prostitution to enable them to raise rentals of N$ 10 000 per month. For the first two months, all parties to the contract performed as per their obligations under the lease agreement. However, since January this year, lessees have been in breach of contract in that they have failed, refused or neglected to pay their monthly rentals in terms of the lease. Despite numerous notices by the landlords to the defaulting tenants, no single payment has been effected since January 2019. As a result, John and Cloete had no other option but to take the defaulting tenants to court so as to claim unpaid rentals and interest thereon.

Instruction: With reference to relevant legislations, case law and general principles of law of contract, discuss John and Cloete chances of succeeding in their legal action.    {10 marks)

Economic growth

• Definition

• What factors cause economic growth?

• What is the role of productivity in economic growth?

•   Determination of the full-employment quantity of labour in the labour market

• Understand the role of the full-employment quantity of labour in determining potential GDP and in economic growth.

What is your personal-best leadership story and what do you already know firsthand about leadership from your experience?

To raise GDP, which of the following might the government do?

If AD is shifting left, which of the following is likely occurring?

If our economy is experiencing an expansionary gap, which of the following would be the likely response by our govt?

Show how the United States’ balance of payments accounts are affected when a Bolivian citizen borrows two million from U.S. banks to buy American farming equipment.

Price Level & inflation

•   Definition of the Consumer Price Index and the GDP deflator

• Calculation of price index (e.g., CPI, GDP deflator)

• Calculation of inflation (Note: inflation is the rate of change in a price index from one year to another)

• Limitation of the CPI (e.g., commodity substitution bias, quality bias, new goods bias, outlet substitution bias)

What is Adverse Selection in Insurance? Suggest two general ways of ameliorating Adverse Selection in Insurance.

Trade barriers are used by developed and developing countries as a mechanism to protect their economies. Explain at least two types of trade barriers that apply to developed and developing countries? What are some of the advantages and disadvantages of trade barriers? Which of the barriers you mentioned are more effective for developing and developed countries and why? (100 words minimum)