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economics 14th global

Questions and Answers of Economics 14th Global

Distinguish between equity and equality.
Explain two ways in which a country might establish its national poverty line.
Explain the difference between absolute and relative poverty.
Explain two causes of inequality.
Explain what would happen to the distribution of income if a country were to decrease the direct tax rates for top income earners, and reduce its indirect tax rate.
Analyse the relationship between a country's Gini coefficient and its Lorenz curve.
A country increases its indirect tax rate. Using a Lorenz curve diagram, explain how this may impact the country's distribution of income. (HL and SL)
Make a list of the goods you commonly use that are imported. These can include food, clothing, electronics etc. If possible, identify the source of the goods.
Using the same quantities of resources to produce rice and cloth, China and Pakistan have the following production outcomes.1. Calculate the opportunity costs for the table.2. Draw a diagram to
Consider the hypothetical total outputs of two countries, Amazonia and Bretonia, for two products, coffee and tea. The countries are using the same quantities of resources for production.1. Calculate
Explain three potential benefits from international trade.
Explain potential sources of comparative advantage.
Explain three arguments in favour of trade protection.
Explain three arguments against trade protection.
Explain the imposition of a tariff.
Explain the granting of a subsidy.
Explain the imposition of a quota.
Explain two methods of protectionism.
Below is the market for cooking oil in a country.1. Indicate the domestic equilibrium price and quantity on the graph.2. Calculate total consumer spending before imports are in the market.3. Cooking
Make a table to summarize the information about trading blocs. Include the name of each of the six types of economic integration, a definition and examples. The table should illustrate how economic
1. Chooseonetradingblocto research. Make an annotated timeline to show the steps involved in its establishment and evolution. Be sure to note any significant achievements and/or setbacks. 2. Pick
Read the following article and identify the challenges to the WTO. Whither The WTO Doha Development Round? by Elizabeth Morgan In an article on December 21, 2018, the Financial Times declared that
Explain the difference between a free-trade area and a customs union.
Explain the objectives and functions of the World Trade Organization.
Explain trade creation and trade diversion.
Explain two factors that limit the effectiveness of the World Trade Organization in achieving its objectives.
Make a list of 20 different international currencies and their countries. Put together an information poster, for overseas travellers, which includes this list and illustrates some of the world's
1. List and explain the factors that might lead to a fall in the demand for the US dollar in terms of the euro. 2. Draw a diagram to illustrate the fall in the demand for the US dollar and its
A newspaper article has the headline, "Indian rupee weakens against the US$ as chair of the US Federal Reserve announces an increase in its interest rate". Using an exchange rate diagram, explain the
1. With the help of an AD/AS diagram, explain why a high value of a currency may worsen unemployment in a country. 2. With the help of an AD/AS diagram, explain why a low value of a currency may
Explain three factors that might lead to an increase in the demand for a currency.
Explain three factors that might lead to an increase in the supply of a currency.
Explain two methods that a central bank might employ to devalue its currency.
The Euro is currently trading against the Singapore dollar at a rate of €1 = S$1.5. What is the rate for S$1 in €?
With the exchange rate above, what would be the cost in Singapore dollars of a good that was selling for €150.
If the exchange rate changes from €1 = S$1.5 to €1 = S$1.4, explain what would happen to the Singapore dollar price of an EU manufactured waffle maker that was being exported to Singapore from
Using the correct terminology and actual numbers, describe the US balance of payments position in 2018, as shown in Table 27.1. Consider each of the components of the balance of payments, using real
Explain expenditure-switching as a means to correct a current account deficit.
Explain why a current account deficit may result in a depreciation of a country's currency.
Explain expenditure-reducing as a means to correct a current account deficit.
Explain the link between the MarshallLerner condition and the J-curve.
Distinguish between economic growth and economic development.
a) Examine the data in Table 29.6. Do you think there is a correlation between income and gender equity? Explain your answer. Data from Table 29.6b) Investigate current data to see whether your
Explain the difference between GDP per capita and GNI per capita as a means of measuring economic growth.
Explain two single indicators that might be used to measure health.
Explain how economic development might be measured.
Explain the three non-monetary indicators used in the human development index (HDI).
Explain the elements making up two different composite indicators of economic development.
Devise circular problem charts (poverty cycles) beginning and ending with the following and suggest ways that the circles may be broken. 1. Poor health 2. Lack of technology 3. Low consumption
Choose one example of each type of infrastructure listed in Table 30.1 and explain how it supports and contributes to economic activity. Data from Table 30.1 Category Transport Public utilities
Identify the elements of good governance that would be missing in the list below. Participatory Follows the rule of law Effective and efficient Consensus oriented Good governance Equitable and
Explain, using two examples, poverty traps/ poverty cycles.
Explain three economic barriers to development.
Explain three political and social barriers to development.
Explain two strategies that might be used to promote economic growth.
Explain how increased foreign direct investment might promote economic growth.
Explain the difference between import substitution and export promotion.
Explain two market based supply-side policies that might promote economic growth.
Explain two areas of institutional change that may promote economic development.
Explain the role of the World Bank in promoting economic development.
Explain how non-government organizations operate as a means of promoting economic development.
Why do markets fail? Discuss the importance of equity in economic and judicial decisions.
Suppose consumers are willing to pay $60 for a good, what will be the consumer surplus if the pay $20 for 100 units? What will be the reduction in consumer surplus, if consumers reduce their
What is a class action suit? Discuss the conditions for bringing about a class action suit in a US court of law. Why is it that certain products have been targeted for class action suits? Are the
What is the price elasticity of demand? Imagine that the market demand function for packets of blue cheese is specified as follows:where QDC is for the quantity of blue cheese packets demanded and PC
Suppose the cheese function is alternatively specified as:where PY is for the per unit price of yellow butter. Explain how this information will help you to generate a legal brief about the
What is discrimination? With reference to the Civil Rights Act of 1964, explain why employment discrimination is illegal. What are the economic implications of employment discrimination? To what
Why is the perfectly competitive mode a model of efficiency? How have the courts dealt with market inefficiencies or failures and price regulation?
Examine the data for unemployment in various industries of your country. Is the unemployment rate similar across industries? How have the courts determined unemployment compensation in your country?
What is the difference between nominal and real interest rate? With reference to specific cases explain how the courts have determined the discount rate in your country. Should the courts use rate on
What is inflation? How have courts determined the appropriate measure of inflation for judicial decisions? Should awards be adjusted for inflation? Why?
What is the importance of exchange rates in judicial awards? Explain the difference between the breach date and the judgment date. Should plaintiffs be compensated for exchange rate volatility? Why?
What is a financial market? What are some of the factors that ensure the stability of financial markets?
Can outsiders misappropriate financial information? How? Critically discuss the difference between outsider misappropriation of financial information and insider trading.
What is Rule 10b- 5? Discuss the salient provisions of the rule for financial market stability.
Refer to Box 3. 3; select a public company of your choice and estimate the net increase in cash and marketable securities. Is the company viable? Why?Box 3. 3 BOX 3.3 CASH FLOWS FOR GENERIC COMPANY
Can foreign securities be fraudulently traded in the US securities market? Why?Critically discuss the difference between the conduct and effects tests.
What is the principal- agent problem? How can investors remedy the problem?
Refer to the Dodge v. Ford Case. Identify the key arguments for and against the case of abusive managerial discretion. Is this a case that should have been decided in a court of law? Why?
What is the relationship between innovation and economic growth? With reference to specific examples, discuss the effects of intellectual property theft on national income.
Is intellectual property theft an ethical issue? Evaluate the concept of “duty” and its implications for the integrity of intellectual property rights.
Alluding to Schumpeter’s model, show and explain why innovation can reduce the cost of production and enhance productivity.
What is the difference between all elements and inducement patent infringement?How have courts of law used the two types of infringement to punish violators?
Using Vitronics Corp. v. Conceptronic, Inc and Phillips v. AWH Corp., identify and discuss the central elements of a claim construction in the cases.
Why are unjustified threats detrimental to the macroeconomic performance of a nation?
Critically review and discuss the scientific evidence in the Daubert v. Merrell Dow Pharmaceuticals Inc. Is expert testimony important? Why? How do judges perform the role of gatekeepers?
Collect monthly data for five years and explain whether there is a deterministic or stochastic trend in the data. Does the data show seasonal patterns? Why? Use your data to generate a univariate
Adding two more variables and a time trend to your original data, specify and estimate a regression model. What is the proportion of variation in the independent variable that has been explained
Suppose you are expecting to receive $600,000 in damages today. Further, imagine that you should have received the money in ten years (your work life expectancy).How much money should a court award
You are planning on making a $100,000 investment today from a trust fund, with the expectation of receiving the following cash flows: $20,000, $30,000, $50,000, $40,000, and $10,000. If your cash
Refer to Table 5. 9; were the venires of Judge F statistically different from those of the trial judge? Why? [Use the chi square algorithm.]Table 5. 9 Date Judge A Male May-67 27 Sep-67 35 Feb-68 38
The free cash flow to a public company is $8 million, the growth of operating income is 4 percent for the next five years, and the stable investment rate is 21 percent. If the firm is projected to
What is the difference between tax avoidance and tax evasion? Why do individuals and businesses try to avoid or evade taxes?
Are tax shelters illegal? Why? Explain why tax shelters are different from tax havens.
Suppose a US public company made $200,000 in the previous year, what will be its marginal tax rate and tax liability? Assuming the company paid out dividends, are the shareholders of the company
Under what circumstances are private entities exempted from tax payments?
Using any of the estimated tax multipliers in the text, explain how a tax reduction amounting to $700 billion or £600 billion could impact a national economy if there is no leakage.
Can policymakers minimize tax avoidance? How?
Refer to the Simonsen case; can debt forgiveness always trigger a tax liability? Why?
Refer to the Foreign Account Tax Compliance Act (FATCA); when is foreign income taxable?

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