The following represents a WhatsApp dialogue between two neighbors in Austria

Shauna : I want 10 bags of Otaheite apples

Rachel: What will you give in exchange?

Shauna : I can give you 5 liters of cows milk in return for the apples.

Rachel: I don't need milk. I want a pair of gold earrings.

1. Use your knowledge about the functions and characteristics of money to identify four problems that Shauna andRachel face in their exchange process?

2. Use a table to differentiate the components used in calculating of a "balance on current account" versus a "balance of trade" account.

3. Identify in (b) show where would earnings from foreign Artists in Jamaica be accounted for on the Balance of Payment?

4. Explain two types of tax changes implemented by the Finance Minister in the last two years. State if the objective was only to earn revenue for the government were there welfare objectives being considered? Be precise with your answer by stating if it was a direct or indirect tax using data and proper sourcing in your answer.