John is complaining about how inefficient and greedy governments are. “Why are they such beggars? They keep asking people for money all the time. Is it not that they are supposed to offer us facilities and take care of us. Instead individuals, households and business houses, all of us, have to keep feeding them all the time.” He is expressing his alarm in an agitated voice as he rambles on. “They come for you in all forms. They will be strict and make you pay a part of your hard-earned money as taxes. And as if that is not enough, they want to take your money and give you back some T-Bills.

Is John’s displeasure with the government justified?

What are the economic challenges facing Maritime businesses in 2020 and beyond? Explain by referring to the economic performance indicators.

PLEASE WRİTE READABLE FORM

In any given week, Anne receives satisfaction only from the consumption of goods and from the consumption of leisure LL, which is measured in hours. Obviously, Anne consumes many different types of goods, but for simplicity we aggregate the dollar value of all the goods that she consumes during the week and call it CC. Assume that if Anne chooses to work, the hourly wage rate is w=5 and she has to sleep 8 hours per day. Potentially, if she wants, she can work up to 7 days a week.

1) If Anne chooses to devote 0 hours to leisure during the week, how much can she consume? C= ?

2) If Anne chooses to devote all available hours (except those she has to sleep) to leisure during the week, how much can she consume? C =?

3) If Anne chooses to devote 30 hours to leisure during the week, how much can she consume? C

4) Suppose w=5w=5 and the government gives Anne a subsidy of $250. She receives this money unconditionally, regardless of how many hours she works. We define Anne's budget set over bundles of C and L, i.e. (C,L). Placing C on the horizontal axis and L on the vertical axis, depict Anne's budget set. The outer boundary of Anne's budget set has a kink at (C,L)=(250,____) (fill in the blank)

5) Suppose w=5w=5 and the government gives Anne a subsidy such that her consumption is at least $250. That is, if she does not work at all, the government gives her $250. If she works enough to earn some d<250d<250 dollars towards consumption, the government gives her $250−d$250−d. If she works enough to earn d≥250d≥250, the government does not give her anything. We define Anne's budget set over bundles of C and L, i.e. (C,L). Placing C on the horizontal axis and L on the vertical axis, depict Anne's budget set. The outer boundary of Anne's budget set has two kinks. One kink - the one with the higher LL of the two - is at (C,L)=(250,____) (fill in the blank)

6) ... while the other kink - the one with the lower LL of the two - is at is at (C,L)=(250,____) (fill in the blank)

To what extent could the purposes of the social security program be served by a law requiring individuals to purchase retirement insurance from a private firm? Discuss difficulties with such a proposal, and what kinds of regulations might be required to avoid these difficulties.

An assessment of the economic impact of COVID 19 on the Australian economy

Please explain this with the help of below mentioned diagram

1) Macroeconomic policy options in light of COVID19 – likely outcomes / limitations-use the IS-LM-BP to illustrate

2) Choice of exchange rate regime – would Australia be in a better position if it had a fixed exchange rate?

A supply-demand graph can be described as having a demand curve that begins in the upper left and slopes downward to the lower right; and having a supply curve demand decreases.

Using words in a narrative, please describe and explain how both the equilibrium price and quantity will change when:

a) Only supply decreases
b) Only supply increases
c) Only demand increases
d) Only demand decreases

What accounts for the rapid expansion of the Arabs after the rise of Islam in the early seventh century? Provide specific examples.

In Village A, one farmer, i.e., one unit of labor, can produce either 10 bottles of wine (W) or 2 bottles of olive oil (O). In Village B, one farmer can produce either 5 bottles of wine (W) or 15 bottles of olive oil (O). For now, the two villages are in a state of “autarky” and do not trade with each other or with anyone else. People in Village A consume 100 bottles of (W) and 20 bottles of (O), while people in Village B consume 50 bottles of (W) and no bottles of (O).

a)  How much labor is required per bottle of (W) and per bottle of (O) produced in each village? How many farmers does each village have? Explain your answer. [Mark: 0.5]

b)  Each village decides to specialize in the good in which it has comparative advantage. How much is the increase in the aggregate production of each good in the two villages relative to autarky? Explain your answer. Note: aggregate production means the sum of the production levels in the two villages. [Mark: 1.0]

c) The two villages decide to trade freely with each other. Assume that after free trade each bottle of (W) is worth 1.5 bottles of (O). At this price they trade 50 bottles of (W) between them. How many bottles of (W) and of (O) does each village consume? Explain your answer. [Mark: 1.0]

Write a very short essay on Turkish development problems by building on the "classical theories".

Q1.You are given the following information about the economy of Freedonia. The country produces 10 of X with PX=1 and 4 of Y with Py=2 in year 1. In year 2, the country produced 12 of X with PX=.5 and 6 of Y with Py=3. Based on this information answer the following 2 questions. In Freedina, considering year 2 as the base year, the CPI in year 1 is Select one:

a. 110

b. 73

c. 100

d. 80

e. 105

Q2 Based on the information about the economy of Freedonia "Q1" , the GDP deflator for years 1 and 2 is Select one:

a. 100 and 105

b. 105 and 106

c. 100 and 106

d. 106 and 100

e. 100 and 100

Q3.  Based on the information about the economy of Freedonia "Q1" In freedonia, real GDP in years 1 and 2 is Select one:

a. 24 and 24

b. 24 and 18

c. None of the above

d. 17 and 24

e. 18 and 24