Analyse how the following events will affect South Korea’s economy using the AD-AS diagram. In response to the Covid-19 pandemic, President Moon announced a supplementary budget in April 2020 to increase government spending by KRW 8 trillion to fund an emergency relief program. At the same time, firms face an increase in the cost of production due to unavailability of materials. What would happen to the output and the price level in the short run and long run in South Korea? Diagram/s are required to aid your explanation.

- How did the institution of slavery affect the early colonies?

- What was the economy of the early colonies like?

- What examples of self-government did the colonists find themselves in?

- How did the isolation from Britain affect the colonies?

- Which colony was the most successful early on (in your opinion)?

Why do changes in the price level increase short run economic output? Why do changes in the price level decrease short run economic output? Why don’t changes in the price level have long run impacts on economic growth?

Reflect on the lasting significance of the black activism (Gabriel’s rebellion, the Haitian revolt, etc.)

There is no doubt that a ‘gender pay gap’ exists in Australia and many other countries.

1. Why do some economists think that discrimination in the labour market is an unlikely explanation for the persistent inequality in earnings between women and men? 2 marks.
2. Can you think of any plausible objections to their argument? 2 marks.

Why do changes in the price level increase short run economic output? Why do changes in the price level decrease short run economic output? Why don’t changes in the price level have long run impacts on economic growth.

Write two paragraphs on Taxes and Entrepreneurship...

Having lower taxes on entrepreneurs means more job creations.

tax reform to combine individual tax reformwith corporate tax reform

How is the equilibrium price​ determined? What happens if the price is above the equlibrium​ price? What happens if the price is below the equilibrium​ price?

4) Briefly outline why we can look at a Cournot oligopoly as a dilemma game, in game-theoretic terms.

Discuss ways in which rural and urban areas benefit from each other.

Was the replacement of NAFTA with USMCA good for the american consumer?

Pick a small company (ice-cream shop, restaurant, bookstore, parking structure or ...) and write a short history about the company, major products, and location. Determine the factors that will influence demand for their products (be specific) Determine the factors that will influence supply of their products (be specific) Pick one of their products andeither calculate or speculate about the price elasticity of demand and the income elasticity of demand for that product. Justify your guess about how elastic the demand is with things you know about the product (for example, the demand for a product is likely to be very price elastic if there are many substitutes). Based on your estimate of price elasticity of demand what would you recommend as far as raising or lowering the price to enhance sales? (TR test). Finally, identify some complements and substitutes for the product. How strong do you think the cross-price elasticities are likely to be? Based on what you have written, if you were selling this product, what measures, prices, or data would you try to keep track of if you wanted to predict how your sales might change over time? Explain the nature of cost, fixed and variable, explicit and implicit and sunk cost for your business. Calculate alternative measures of industry structure, conduct, and performance Classify the type of business as competitive, monopolistic, oligopolistic or monopolistic competition. Explain your answer based on the characteristics of each market. As a manager which decision variables are relevant to make more profits for the firm? Is there any particular pricing strategy being used by this Company? ( Like price discrimination, bundling, coupons.)

1. Refer to Table This market will be in equilibrium if the quantity of pizzas supplied per month is
2. Refer to Table If the price per pizza is $6, there is a(n)

3. Refer to Table If the price per pizza is $12, there is an

4. Refer to Table In this market there will be an excess supply of 600 pizzas at a price of

5. Refer to Table If the price per pizza is $3, there is an

6. When there is an excess demand of a product in a market, there is a tendency for price to

On the basis of the following Marginal utility data for products X and Y Assume that the prices of X and Y are $2 and $4 respectively and that the consumer's income is $16.

Refer to the above data. How many units of the two products will the consumer purchase to achieve the equilibrium?