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To what extent can an economy be supported by deficit – financing?
Date posted:
February 6, 2019
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Clearly explain the meaning of deficit financing of the national budget.
Date posted:
February 6, 2019
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Clearly explain the principle functions of taxation
Date posted:
February 6, 2019
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Define taxation.
Date posted:
February 6, 2019
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Briefly explain the types of budgets.
Date posted:
February 6, 2019
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Clearly explain the role of budgetary management in economic development
Date posted:
February 6, 2019
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Suggest the possible measures that you would implement to contain unemployment problems in your
country
Date posted:
February 6, 2019
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Discuss the main causes of unemployment
Date posted:
February 6, 2019
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Define the term unemployment
Date posted:
February 6, 2019
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Explain the concept of liquidity trap
Date posted:
February 6, 2019
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How do commercial banks "create credit‟? What are the limitations to this credit creation?
Date posted:
February 6, 2019
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A central bank is largely referred by economists as the bank at the apex with monetary authority.
Clearly explain the major functions of a central bank.
Date posted:
February 6, 2019
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You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment function:
I = 790 – 21r
The Money Market
Precautionary and Transactions demand for
money MDT = 1/6 Y
Speculative demand for money
MDS = 1200 -18r
Money supply
MS = 1250
Determine the equilibrium levels of income and interest rate for this economy
Date posted:
February 6, 2019
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What are the likely effects of an expansionary monetary policy in an economy?
Date posted:
February 6, 2019
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Explain the various motives of holding money.
Date posted:
February 6, 2019
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Define Money and outline its major functions.
Date posted:
February 6, 2019
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Briefly explain the multiplier and accelerator principles
Date posted:
February 6, 2019
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Calculate the Gross National Product of this economy using the value added approach.
Date posted:
February 6, 2019
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Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?
Date posted:
February 6, 2019
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Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Find the equilibrium values of income, consumption and taxes.
Date posted:
February 6, 2019
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Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Explain the economic interpretation of the parameters a,b,d and t.
Date posted:
February 6, 2019
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The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms
What is the Marginal cost of the 12th Kilogram?
Date posted:
February 6, 2019
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The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms.
Compute the total and average costs at output level of 10 and 11 kilograms.
Date posted:
February 6, 2019
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Discuss some of the economic implications of a rising trend in the rural-urban migration and offer
policy recommendations to reverse it.
Date posted:
February 6, 2019
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Briefly explain and illustrate quasi-rent.
Date posted:
February 6, 2019
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Using well labelled diagrams, illustrate cases when the total factor payments may equal to economic rent,
or transfer earnings or shared between the two.
Date posted:
February 6, 2019
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Explain what is meant by the terms transfer earnings and economic rent of a factor of production
Date posted:
February 6, 2019
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A monopoly firm is faced with the following demand function
P = 13 – 0.5Q
The Marginal Cost function for the firm is given by 3 + 4Q and the total fixed cost is 4.
Determine the output level at the break-even point.
Date posted:
February 6, 2019
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A monopoly firm is faced with the following demand function
P = 13 – 0.5Q
The Marginal Cost function for the firm is given by 3 + 4Q and the total fixed cost is 4.
Determine the level of super-normal profit if any.
Date posted:
February 6, 2019
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A monopoly firm is faced with the following demand function
P = 13 – 0.5Q
The Marginal Cost function for the firm is given by 3 + 4Q and the total fixed cost is 4.
Determine the profit maximizing output.
Date posted:
February 6, 2019