Distinguish between static and dynamic gains from trade, Macroeconomics

Assignment Help:

Question 1:

Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number one?

(a) Distinguish between static and dynamic gains from trade.

(b) Explain clearly, with the help of diagrams, the welfare effects of an import tariff assuming

(i) the economy is small
(ii) the economy is large

Question 2:

(a) Critically analyse the main types of unemployment

(b) ‘There is no relationship between inflation and unemployment either in the short run or in the long run' Discuss


Related Discussions:- Distinguish between static and dynamic gains from trade

Finding relate to economist''s traditional focus, Recently, a bank was tryi...

Recently, a bank was trying to decide what fee to charge for "expedited payments" - payments that the bank would transmit extra-speedily to enable customers to avoid late fees on c

National income statistics, discuss four weaknesses of using national incom...

discuss four weaknesses of using national income statistics in comparing living standards between two countries

GDP, Whenever real GDP declines, nominal GDP must also declin

Whenever real GDP declines, nominal GDP must also decline

Control of ochratoxin, Q. Control of ochratoxin? Control: Once ochratox...

Q. Control of ochratoxin? Control: Once ochratoxin A has been formed in a food, it is difficult to remove by most forms of food processing. Cooking with or without previous soa

A good is classified as inferior, a good is classified as inferior if a....

a good is classified as inferior if a. consumers buy less when the price rises b. consumers buy less when the income rises c. consumers buy less when the price falls d.

The world economy , The financial crisis that hit the United States first a...

The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some

Relate overnight interest rates with interest rates, Relate overnight inte...

Relate overnight interest rates with interest rates By controlling overnight interest rates, the central bank will affect the interest rates with longer maturity. The reason f

Estimate kilograms of lobster must he catch per day, A lobster catcher spen...

A lobster catcher spends $12 500 per month to maintain a lobster boat.  He plans to catch an average of 20 days per month during lobster season.  For each day, he must allow approx

Explain about citrinin fungi, Q. Explain about Citrinin fungi? Penicill...

Q. Explain about Citrinin fungi? Penicillin citrinum, P.viridicatum and some other fungi produce this mycotoxin. It has been recovered from polished rice, moldy bread, country

Shift in the demand to the right mean, What does a shift in the demand to t...

What does a shift in the demand to the right mean? Why does the demand curve shift?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd