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- Differentiate between mutual exclusive events and non-mutual exclusive events(Solved)
Differentiate between mutual exclusive events and non-mutual exclusive events.
Date posted: November 12, 2020.
- Differentiate between the weak and the strong axioms of revealed preferences (Solved)
Differentiate between the weak and the strong axioms of revealed preferences
Date posted: August 15, 2019.
- Describe the behavior of the marginal rate of substitution for the various types of goods
Perfect substitutes
Neutral goods
Perfect compliments
Imperfect substitutes (Solved)
Describe the behavior of the marginal rate of substitution for the various types of goods
Perfect substitutes
Neutral goods
Perfect compliments
Imperfect substitutes
Date posted: August 15, 2019.
- Describe the utility function (Solved)
Describe the utility function
Date posted: August 15, 2019.
- Give the two approaches to the study of utility (Solved)
Give the two approaches to the study of utility
Date posted: August 15, 2019.
- Describe the shape taken by the indifference curve of imperfect substitutes (Solved)
Describe the shape taken by the indifference curve of imperfect substitutes
Date posted: August 15, 2019.
- Describe the shape taken by the indifference curve of neutral goods (Solved)
Describe the shape taken by the indifference curve of neutral goods
Date posted: August 15, 2019.
- Describe the shape taken by the indifference curve of bad goods (Solved)
Describe the shape taken by the indifference curve of bad goods
Date posted: August 15, 2019.
- Describe the shape taken by the indifference curve of perfect complements (Solved)
Describe the shape taken by the indifference curve of perfect complements
Date posted: August 15, 2019.
- Describe the shape taken by the indifference curve of perfect substitutes (Solved)
Describe the shape taken by the indifference curve of perfect substitutes
Date posted: August 15, 2019.
- Highlight the economic assumptions about consumer preferences (Solved)
Highlight the economic assumptions about consumer preferences
Date posted: August 15, 2019.
- How do price and income policies control inflation(Solved)
How do price and income policies control inflation
Date posted: August 15, 2019.
- How do monetary policies control inflation(Solved)
How do monetary policies control inflation
Date posted: August 15, 2019.
- How do fiscal policies control inflation(Solved)
How do fiscal policies control inflation
Date posted: August 15, 2019.
- What are consumer preferences?(Solved)
What are consumer preferences?
Date posted: August 15, 2019.
- State the various policies used as remedies of inflation (Solved)
State the various policies used as remedies of inflation
Date posted: August 15, 2019.
- Highlight the external effects of inflation (Solved)
Highlight the external effects of inflation
Date posted: August 15, 2019.
- Identify the internal effects of inflation (Solved)
Identify the internal effects of inflation
Date posted: August 15, 2019.
- Highlight the methods used to correct the trade deficit in the J curve phenomenon (Solved)
Highlight the methods used to correct the trade deficit in the J curve phenomenon
Date posted: August 14, 2019.
- Describe the J curve phenomenon (Solved)
Describe the J curve phenomenon
Date posted: August 14, 2019.
- Differentiate between the flexible and fixed exchange rate regimes (Solved)
Differentiate between the flexible and fixed exchange rate regimes
Date posted: August 14, 2019.
- Define the following terms: Exchange rate, Depreciation of the currency, Devaluation Appreciation, Terms of trade (Solved)
Define the following terms:
- Exchange rate
- Depreciation of the currency
- Devaluation
- Appreciation
- Terms of trade
Date posted: August 14, 2019.
- Briefly explain the factors that cause a shift in the balance of payments curve (Solved)
Briefly explain the factors that cause a shift in the balance of payments curve
Date posted: August 14, 2019.
- Why is the balance of payments curve positively sloped (Solved)
Why is the balance of payments curve positively sloped
Date posted: August 14, 2019.
- What is the balance of payments made up of?(Solved)
What is the balance of payments made up of?
Date posted: August 14, 2019.
- Give the definition of balance of payments (Solved)
Give the definition of balance of payments
Date posted: August 14, 2019.
- Explain the factors that cause changes in the general equilibrium (Solved)
Explain the factors that cause changes in the general equilibrium
Date posted: August 14, 2019.
- The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand...(Solved)
The following equation describe a certain economy
C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand = 0.2Y – 10r
Find the values of Y, C, T, M and I
Date posted: August 14, 2019.
- What is the effect of decrease in income on the interest rate?(Solved)
What is the effect of decrease in income on the interest rate?
Date posted: August 14, 2019.
- What is the effect of increase in income on the interest rate?(Solved)
What is the effect of increase in income on the interest rate?
Date posted: August 14, 2019.