Explain the import quota policy in a small nation, using
appropriate theories and diagrams.
Why WTO substantially limits the legal usage of Import
quotas.
describe the trends and fluctuations in the
unemployment rate above average and in which periods was it was it
below average? describe how the labor force participate rate in the
United States changed between 1960 and 2013. contrast natural
unemployment rate is not zero and why the unemployment rate
fluctuates around the natural unemployment rate. explain why the
employment rate affects GDP.
Discuss the theories behind the following methods of structural
analysis. Use appropriate diagrams.
Elastic analysis second order
Finite element analysis analysis
(i) With the aid of appropriate diagrams, explain why
indifference curves are traditionally convex to the origin.
(10%)
(ii) Given the indifference curve for two-goods is convex,
derive a price inelastic demand curve for Good X (10%)
(iii) With reference to the previous elements of this coursework
question, discuss the links between the indifference curve, price
elasticity estimates and the theory of supply and demand in
economics (80%).
a. Using appropriate demand and supply diagrams in each of the
following cases explain the impact on the market price and quantity
traded.
i. Market for second-hand clothing following a high increase on
import duties on second- hand clothes
ii. The market for tomatoes following a bumper harvest
iii. The market for Sanwatt battery following a fall in price of
Tiger head battery
b. Define market as applied in economics and explain briefly any
four types of markets.
QUESTION : LAN Technology and Protocols
a) Explain with appropriate diagrams the Logic Link Control
(LLC) Layer and Medium
Access Control (MAC) layer.
b) Explain the scenario and the mechanism of Carrier
Sense Multiple Access Collision
Detection (CSMA/CD) in a network setting.
c) Discuss with the appropriate figure/s the concept of
packet encapsulation and de-
capsulation.
LAN Technology and Protocols
a) Explain with appropriate diagrams the Logic Link Control
(LLC) Layer and Medium Access Control (MAC) layer.
b) Explain the scenario and the mechanism of Carrier Sense
Multiple Access Collision Detection (CSMA/CD) in a network
setting.
c) Discuss with the appropriate figure/s the concept of packet
encapsulation and decapsulation.
Choose two work motivation theories from the text and
compare and contrast these two theories. Explain how
each theory is applied to employee
motivation. Discuss some of the limitations that are
apparent after making these comparisons.
1. Which is an appropriate response to demand deficient
unemployment?
a. A reduction in taxation rates
b. An increase in interest rates
c. A decrease in government spending
d. A reduction in benefits to the unemployed
2. Unemployment may lead to:
a. An outward shift of the production possibility frontier
b. A movement along the production possibility frontier
c. Production outside of the production possibility frontier
d. Production inside the production possibility frontier
3. Which of the following is likely...