You have held the Position of Consultant to the Minister of Finance for the past 5 years. However, General Elections took place on April 19^th, 2024 and with it you now would be reporting to a new Finance Minister, the Honorable Dr. Dean Daniel who is a medical doctor by profession.

1.a Shifts and Movement of the Demand curve

1.b Influencing prices by laws rather than by market forces

• Why
• Types
• Causes
• Diagram with narrative

2. Minister Daniel indicated that walkinginto a supermarkethe found that on the shelves there wasCosta Rican bananas, Brazilian coffee, and bottles of South African wine,and could not comprehend what was the reason for this.

You are required to provide him with a report of why it is possible for products of different countries to be on the shelves of not one but may supermarkets in this Small Island Economy. Include the following in your response:

• Definition of International Trade
• Absolute and Comparative advantage
• Benefits of International Trade
• Criticism of International
• Barriers of International Trade

3. Minister Daniel is of the opinion that a key indicator of the health of the Economy is its GDP, and would like to use it in the starting point of his budget presentation.

You are required to:

• Use diagrams to demonstrate the different methods of developing GDP
• What are injections and leakages and how do they impact GDP
• What is Real and Nominal GDP, in you evaluation which would provide the most accurate evaluation of the health of the economy and why?

4. During the COVID-19 pandemic, the Central Bank of Trinidad and Tobago reduced the reserve requirement for commercial banks from 17% to 14% and also reduced the repo rate by 150 basis points from 5.0% to 3.5%. The Government of the Republic of Trinidad and Tobago later implemented a stay-at-home order which required all citizens to remain at their homes unless theywere engaged in essential services or activities

You are required to:

• Critically assess the impact of these measures on the Trinidad and Tobago economy?
• In your evaluation would you was the action taken by the Central effective