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(a) Explain how GDP is measured in your country. Provide real life examples.
(b) Using your home country as a case study outline two main restrictions government applied to import. Using the data from your case study analyse and explain who would benefit directly and who would lose directly from such restrictions.
(c) Using your case study examine the position of protectionists. Explain whether you support their argument.
Additional marks
Substantial research and analysis.
Overall presentation of work, especially use of graphs, clear written expression.
Appropriate use of referencing.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
q1. when crude oil price controls were in place illustrate what would have been the welfare implications of a ban on
The company's settlement obligations are expected to raise its average total cost per pack by about $60. Illustrate what effect will this have on its optimal price.
Explicates how the factors determining resource demand differ from those determining product demands.
q1. in a unregulated competitive market supply and demand have been estimated as followsdemand p 25 - 0.10q and supply
q1. explain why the following situations would occur in terms of the factors that affect elasticity.a demand for
Who is the winners and losers from using corn to produce ethanol (gasoline)? Identify some of the unintended consequences of using corn to produce ethanol (gasoline).
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
Extend this comparison by choosing a different point on this period's PPF and discuss whether that combination leads to more or less growth over the next period.
elucidate the social gain from the market for cars. Be sure to show gains and losses to all relevant groups of Americans.
If hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to the price of premium coffee.
Calculate the elasticity of demand for your chosen company's automobiles (or choose a specific make / model). Interpret what the demand tells your chosen company's management team.
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