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Enumerate the limitation of GNP as indicates of development. Explain the importance of primary factor in development.
What is Leontief Paradox? Name three of the attempted reconciliations of Leontief’s findings. Explain one of them.Describe different reasons why we might expect countries to engage in intraindus
Difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is.
If bank is selling Euros for $0.89, then determine the implied euro price of the dollar?
Security purchases in United States by foreigners is: a credit item in the current account or a debit item in the financial account.
Describe the importance of foreign trade for economic development of an economy. Briefly explain the needs for capital intensive technology.
State and describe the law of diminishing marginal utility. What are the controls over monopolist from charging a very high price? What do you mean by Pareto optimum?
Show that the exponents of Cobb-Douglas production function are a measure of the factor share in output and also the elasticity of output with respect to the factor.
Compute Karl Pearson’s co-efficient of skewness for the following data: 25, 15, 22, 40, 26, 25, 23, 25, 20.
Describe the procedures of Registration of Partnership in the Business Organization. What are the different classes of shares and debentures?
Write down significance of demographic transition theory. Describe the basic concepts of national income.
In Zambia, is the demand for fuel elastic or inelastic? Explain why? State an illustration to support your answer.
In a free-market economy, how much and how frequently do you believe the government must intervene by setting price floors and ceilings? Explain why?
Draw and assess the decision tree by the roll back technique and find out the best strategy.
Get a second-order total differential (that is, quadratic form in dS and dU), express this in matrix form, and investigate whether the second-order conditions for the maximum or minimum are satisfie
Distinguish between the symmetric and the asymmetric encryption system giving illustrations where essential to support your answer.
Describe, with examples and illustrations, two economics effects that are associated to the demand side of the internet.
Derive Long Run Average Cost Curve (LAC) from the Short Run Average Cost Curves (SACs). Describe determination of Wages under Imperfect Competition.
Make a distinction the substitution effect and income effect of a price change and illustrate same by way of diagram for the case of normal good.
Make a distinction between the characteristics of a perfectly competitive market and those of a monopoly market structure.
Assume that the demand of butter rises from 20 to 25 when its price reduces from Rs 100 to Rs 80. Assume also that the demand for margarine reduces from 30 to 26.
Make the strategic-form game for the above strategic bidding problem. Describe the dominant strategy and the Nash equilibrium of game. The government is the big winner in this case. Describe why.
Now that you are an expert on elasticity’s, what do you think would be the best time of year to raise prices, and why?
Illustrate out the Break Even Analysis. Describe the two techniques of computing Break – Even Point with illustrations. Explain the Price-output determinative under Oligopoly Market.
Explain the Modern theory of the international trade. Describe the case for and against floating exchange rate?