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A: utility function U = 5xy budget of £30 price of each unit of X is £5 and each unit of Y is £1.
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A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
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A: The answer is - A. Assessing the credit and default risk of issuers.
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A: Inflation is Calculated as:-Inflation = Costt - Costt-1Costt
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A: Answer -
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A: Liquidity premium = 0.30% One year interest rate = 5% Two year interest rate = 5.75%
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Q: a) Explain the principle of consumption smoothing. Illustrate this concept with a diagram.
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A: Answer is given below
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A: Answer is given below
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- compare and contrast the stages of Economic Development by Renee O’Farrel and Dr. Roger AllenIn Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?Do you believe the global village concept has been realized? If you do, why? If you don’t, given the nature of developments in the world today, do you have an idea of when we might see the fruition of the global village concept?
- For each of the following scenarios, use the graphical depiction of the Malthusian model to illustrate what happens to a country’s population size and per-capita income in the short run and in the long run. a. Scientists discover a new strain of wheat that can produce twice as much grain per acre. b. A war kills half of the population. c. A volcanic eruption kills half the people and destroys half the land.After reading Hickel's article on the concept of de-development, answer the following questions in two to three sentences. How is the de-development framework different form traditonal frameworks of development?Why economic growth is one of the goals of macroeconomics?
- What does productivity growth has to do with economics?What are the economies according to the stages of development? explain the three global economic systems.Apply the IPAT model to the example of China provided in the chapter. How do population, affluence, technology, and ecological sensitivity affect China’s environment? Now consider your own country or your own state. How do population, affluence, technology, and ecological sensitivity affect your environment? How can we minimize the environmental impacts of growth in the human population?
- Provide one example of a macro economic question, and one example of a micro economic question, and explain the difference. Do not use any of the examples we have used in classIdentify the steps in a typical scientific study and compare with that involved in economic studies.Some people might think that de-development is about giving things up. How does Hickel explain that this is not the case