consider the macroeconomic AD-AS model depicting an aggregate demand curve and a short-run aggregate supply curve. assume that changes in national output also represent changes in real GDP.

a. use the AD-AS model above to explain and illustrates the differences between demand-side measures and supply-side measures and give an example of each. you also need to mention which markets are embedded within each curve.

b. use the AD-AS model above to analyse and illustrate the short run impact of an increase in energy prices on GDP, inflation and employment. what type of inflation is this.

Write an expository or persuasive essay about microbiological nature of Corona virus (COVID-19) and give facts and examples in detail. Do not mention anything off topic.

For the essay structure I want to see a an introduction (with a fact at the beginning of the essay), three body paragraphs(including examples and facts), and a conclusion (with a fact) and a title for the essay. Keep in mind Inside the essay, each piece of information that you have taken from another source needs an embedded citation.

The essay should be 600 to 800 words/Three pages long and no plagiarism from the internet it should in your own words.

Tenants of an apartment building sue the owner by forcing him to repair many defects in the building, which affect the quality of use. The owner's lawyer hires Engineer A to inspect the building and give the report, in support of the owner. Engineer A discovers serious structural defects in the building, which he constitutes an immediate threat to the safety of the tenants. The tenants' suit does not mention these safety-related defects. Upon reporting the findings to the lawyer, Engineer A is told he must maintain this information as confidential as it is part of a lawsuit. Engineer A complies with the request of the lawyer. Describe the responsibility/professional obligations of Engineer A with regards to Rules of Practice IEthics.

S-13 Differentiate among the three basic risk preferences: risk-indifferent. risk-averse, and risk-seeking. Which of these attitudes toward risk best describes most investors?

S-14 Describe the steps involved in the investment decision process. Be sure to mention how returns and risks can be evaluated together to determine acceptable investments.

S-15 What is an efficient portfolio, and what role should such a portfolio play in investing?

S-16 How can the return and standard deviation of a portfolio be determined? Compare the calculation of a portfolio's standard deviation to that for a single asset.

You are part of the team assigned to a physical count of products held at your client’s site. They have two warehouse buildings with inventory and thousands of line items, and a large area where trucks are loaded and unloaded. When you arrive with the team in the morning of your test counting, you notice maybe 25 or so unattended truck trailers parked at the back of the lot. Walking the property you see that the trucks are closed and most have padlocks on them. Your audit test instructions made no mention of any trucks being at the client’s location. What do you do?    

Part 1b. Give one example of some practical case where we can use Normal distribution (for instance, IQ scores follow a normal distribution of probabilities with the mean IQ of 100 and a standard deviation around the mean of about 15 IQ points.) In your example,

a) cite the source that claims the variable to be normally distributed (Hint: Look to the examples and exercises in the book)

b) mention the randomly distributed variable

c) provide an estimated value for the mean of the variable

d) provide an estimated value for the standard deviation of the variable

e) provide an estimated range of values for the variable

Suppose two seemingly similar goods or services with significantly different prices. Discuss a minimum of three different possible explanations of why those price differences might exist. Be specific about your assumptions. Be clear in why those goods or services have different prices and whether or not those price differences might disappear over time. Give examples of two goods that might fit each of your explanations. What generalizations about how prices relate to one another can you make? Focus on the economic concepts and focus on the first part of the question, then briefly mention the examples.

1. The argument based on absolute advantage that free trade between countries is always beneficial for both participating countries is flawed. Explain.

2. Mention two important external shocks that potentially triggered Latin American sovereign debt crisis and the lost decade. Provide some context.

3. What is a common view (seen in class) of contemporary economists on ISI strategies? In particular, what are their views on the initial implementation and on the permanence of the ISI policies?

4. What was the main incentive for multinationals to operate in Latin America during the period of ISI policies? How is the country size related to such an incentive?

Topic to be tested:

• Financial Statements

Learning Objectives:

• To understand the presentation of Profit and loss account/Income statement.

GDB Question:

Mr. Waseem is working as an accountant in a business organization under the name of ABC Brothers. He has recently prepared financial statements by using the data available in Trial Balance of ABC Brothers and he has presented the financial statements to the Manager accounts of the organization. Manager accounts observed the following errors in the income statement prepared by Mr. Waseem, which produce inaccurate financial affairs of business.

1. Carriage inwards of Rs. 35,000 wrongly reported under the head of selling expenses.
2. Carriage outwards of Rs. 15,000 wrongly reported under the head cost of goods sold.
3. Selling expenses of Rs. 20,000 wrongly reported under the head of administration expenses.
4. Financial expenses of Rs. 13,000 wrongly reported under the head of selling expenses.

Required:

1. What will be correct amount of Gross profit, if Gross profit before correcting the given errors was Rs. 335,000?
2. What will be correct amount of Cost of goods sold, if the reported amount of sales was Rs. 400,000?
3. What will be the effect of error “A. Carriage inwards of Rs. 35,000 wrongly reported under the head of selling expenses” on Cost of goods sold? (Just mention whether the Cost of goods sold would be overstated, understated or remains unaffected)
4. What will be the effect of given errors on net profit? (Just mention whether the net profit would be overstated, understated or remains unaffected)