a)Define economic theory and give an example of a ceteris paribus problem
b)Discuss broadly into details why the balance of payments report is useful to the Ministry of Finance.
c)Differentiate between:
i)normative economics and positive economics
ii)price elasticity of demand and income elasticity of demand
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Exhibit 2 Quantity Sold Price (units) Total Cost $10 10 $80 9 20 100 8 30 130 7 40 170 6 50 230 5 60 300 4 70 380 A single-price monopolist is a monopolist that sells each unit of its output for the same price to all its customers. Refer to Exhibit 2. A single-price monopolist that seeks to maximize profits will sell __________ units and charge a per-unit price of __________. Group of answer choices

20; $9

40; $7

50; $6

10; $10

7; $40

Sandersen Meat Processors has asked its lead process engineer to evaluate two different types of conveyors for the beef cutting line. Type A has an initial cost of $90196 and a life of 4 years. Type B has an initial cost of $ 192418 and a life expectancy of 5 years. The annual operating cost (AOC) for type A is expected to be $ 9459, while the AOC for type B is expected to be $7180. If the salvage values are $7320,6 and $5069 for type A and type B, respectively, Use present worth analysis to select the better method. Assume that i= 10% per year.

. Compare NATO with ECOWAS. What do they have in common? What are the most important differences?

a)Discuss broadly of how the circular flow of economic activity works to resolve the economic problem( What to produce? How to produce? and for whom to produce?).
b)Discuss broadly the effects of any 2 goals of macroeconomics on agricultural household of a country.  
c)Identify the key factor that can cause cost-push inflation and illustrate the situation with a graph.

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Is there any monetary policy that can increase interest rate elasticity ( positive elasticity )?

What kind of strategy problem that arise in hong leong MSIG Takaful berhad Company Malaysia ? and give explanation

Suppose you are working in a national firm that aimed to enhance the quality of health for poor people. You have two main proposals ; One suggests to raise taxes on rich people and gives more money to the poor. The other suggests to raise taxes on the rich and provides more health care, free to patients, through the network of the national health service. Which proposal do you think is more likely to meet economic objectives? Why?

Based on market research, a monopolist obtains the following information about the market demand and production costs:

Demand: ? = 1,000 − 10?

Marginal Revenue: ?? = 1,000 − 20?

Marginal Cost: ?? = 100 + 10?

where ? is the quantity and ? is the price.

a. Draw demand, MR and MC curves. Clearly display the price and quantity the monopolist chooses. Y-axis measures costs ($) and X-axis measures quantity in your graph.

b. Find the price and quantity that maximize the firm’s profit.

c. Calculate the total surplus and deadweight loss from monopoly.

d. Find the price and quantity that maximize social welfare (total surplus).

For each of the following, is the industry perfectly competitive? Referring to market share, standardization of the product, and/or free entry and exit, explain your answers in detail.

1. Aspirin
2. Lady Gaga Concerts
3. SUVs

Also, come up with your own example of a competitive market. What would you expect to happen to profits in this market over time (short-run versus long-run outcomes in perfect competition) and why? Use this industry as an example to explain the competitive process in detail.

1. The normality assumption implies that:

2. A normal variable is standardized by:

3. In the multiple regression model , if x₁ is correlated with u but the other independent variables are uncorrelated with u, then all of the OLS estimators are generally consistent.

ADAM’S BANKING CAREER
William Adams joined the Skynolim Universal bank when he was discharged from the army. He had just
finished Senior High School when his country called him, and he willingly reported and served. At the bank,
he started as a delivery and pick-up driver, going to all the branches, collecting cheques and taking them to
head office for processing and posting. He started his Chartered Institute of Bankers (CIB) course and earned
a General Banking Diploma. Soon after his diploma, he was transferred to one of the Skynolim Universal
Bank branches in Pomadze as a teller. Meanwhile, Willy continued his education and earned his bachelor’s
degree in Banking and Finance. Immediately, Willy became a Chartered banker, he was picked for bank’s
management trainee program and then promoted to be operation manager at the bank’s main branch. That
was 15 years ago. Willy continued his studies earning a second degree in Investment Management. Today,
Mr. William Adams, a veteran investment banker, is the Managing Director (MD) of Skynolim Universal Bank
in Ghana and an Executive Member of the CIB Council. The current pandemic, Covid-19, with the protocol
of lockdown and staying at home have slowed business globally. Mr. Adams and his management team are
brainstorming to find solutions to the problems Covid-19 may pose to the operation and management of
Skynolim Universal Bank in Ghana.
Required: Answer the following questions from the above preamble.
1. Clearly explain five daily practices of William Adams when he was a Teller at Skynolim Universal Bank,
Pomadze branch.
2. A branch operations manager is the subordinate of a branch manager. Explain two responsibilities of
Mr. Adams when he was promoted as the operation manager of the bank’s main branch.
3. Mr. Adams, the MD for Skynolim Universal Bank has the sole responsibility to manage the asset and
liabilities of the bank to ensure favourably conditions of the bank. Explain three of
(ALM).

4. Explain two problems that Skynolim Universal Bank will be facing in the operations and management of
the bank because of Covid-19 pandemic.
5. Clearly explain solutions available to the problems, which Covid-19 poses to Skynolim Universal Bank in
Ghana. ( 5 marks)
[40 marks]
SECTION B (Answer one question from this section)
Q1. PREAMBLE
In Ghana, the problem of financial distress of banks is not new. In 2000, two banks (Bank for Housing and
Construction and the Ghana Co-Operative Bank) were liquidated. On Monday 14 August 2017, there was a
breaking news of the collapse of two banks (Capital Bank and UT Bank) with the third (UniBank) receiving
special attention from the Central Bank with the appointment of KPMG as Official Administrators following
UniBank’s insolvency. In almost a year later, the Central Bank revoked the license of five insolvent banks
( Unibank, Royal bank, Sovereign bank, Beige bank and Construction bank) to form a new Consolidated bank
owned by government. The number of banksfailure is a concern to all stakeholders in the Ghanaian banking
Industry.
Required: Answer the following questions from the above preamble.
a) Explain the term Bank Failure.
b) Explain three determinants of possible bank financial distress that could cause bank failure.

c) Discuss two economic implications of bank failure.
[20 marks]
Q2. PREAMBLE
The culture of poor corporate governance practice permeates indigenous business culture. In fact, since
independence, Ghanaian industries have been grappling with sound corporate governance practices;
largely because chunks of businesses are owned by family, friends or political cronies. The common
refrain in Ghana is that “the business belongs to my uncle, my auntie, my father, mother etc., so I can do
what I want with the money”. This cultural cancer has permeated in the governance of some indigenous
banks. The issue of lack of capacity or ‘incompetence’ of boards to enforce good governance practice cuts
across government owned banks and indigenous owned banks. According to Sanusi (2010), Nigeria

boards and executive management in some major banks were not well equipped to run their institutions.
Perhaps the same can be said of the boards of the banks that have collapsed so far in Ghana.
Required: Answer the following questions from the above preamble.
a) Explain the term ‘Corporate Governance’ from a banking industry perspective.
b) Explain three determinants of weak corporate governance that could lead to the insolvency of
banks in Africa.
c) Discuss two implications of ensuring good governance by appointing non-executive directors with
the required qualification and experience.

pls the answers should be in essay form and it should be in word document or pdf

As the Chief Financial Officer of a large multinational corporation, you are seriously concerned about the volatility in foreign exchange rates and their impact on your company’s profits.

Explain the three types of foreign exchange exposure that your multinational company may be exposed to, and how each of these exposures might affect the company’s strategy and performance. Discuss the various hedging strategies that the multinational company can pursue to overcome the adverse impact of foreign exchange rate changes, while doing international business in different currencies.

Describe clearly and in a structured manner why in the short term the marginal product of labour and the marginal cost are inversely related. Why does the marginal cost decrease when the marginal product of labour rises, and vice versa? Explain this relationship in the context of a small restaurant ( up to 10 tables in the restaurant ). Support your answer with one table and one graph containing plausible data a you make up for this imaginary restaurant.