Study guide assignment for unit 2

Course: Macroecomonics Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic activity consists of either gathering pineapples or fishing. We know Steve can catch four fish in one hour or harvest two baskets of pineapples. In the same time Craig can reel in two fish or harvest two baskets of pineapples.   Questions: If they each spend four hours a day fishing and four hours a day harvesting pineapples, how many of each will Steve produce? How many will Craig produce? What will their total production be?

1. Introduction – South African economic system (half a page is recommended) 2. Strengths of the South African economic system (1 page is recommended) - Identify and discuss the strengths/ features separately as subheadings here (highly recommended) e.g. 2.1; 2.2; 2.3; 2.4; 2,5 etc. 3. Weaknesses of the South African economic system (1 page is recommended) - Identify and discuss each weakness/ feature separately as subheadings here (highly recommended) e.g. 3.1; 3.2; 3.3; 3.4; 3,5 etc. 4. Conclusion and recommendations (half a page is recommended) List of References (Havard style or APA referencing style is recommended

Topic: What is the world going to be like if we continue to have bilateral economic war in the next 25 years? the tensions that lead to war still exist: religion, money, natural resource, and history all provide way too many “reasons” for countries to want war to achieve their perception of national goals. Question: How does money and Natural resources effect our economy during wars?   please answer in paragraphs, thank you for your time!

17. Question 17 options:   The international Bank for Reconstruction and Development known as                           came into existence, to support war-affected economies and underdeveloped Economies

Course Title: Macroeconomics Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic activity consists of either gathering pineapples or fishing. We know Steve can catch four fish in one hour or harvest two baskets of pineapples. In the same time Craig can reel in two fish or harvest two baskets of pineapples. Question: If they each specialize in either fishing or harvesting pineapples, what should Steve specialize in? What should Craig specialize in? What will their total production be? (Show opportunity cost calculations.) Should they specialize? Why or Why not?

Question 2.2.   Henry wants to buy a book.  The economic perspective suggests that Henry will buy the book if       the book will give him utility.        his income is high.        the marginal cost of the book is greater than its marginal benefit.        the marginal benefit of the book is greater than its marginal cost. Question 3.3.  Which situation would most likely cause a nation's production possibilities curve to shift inward?     The construction of more capital goods        An increase in discrimination based on race        An increase in the number of skilled immigrant workers        The destruction from bombing and warfare in a losing military conflict

"Population, Resources, and the Environment Much of the concern over environmental issues stems from the perception that we may reach a limit to the number of people whose needs can be met by the earth’s finite resources. We may or may not reach this point, given the potential for new technological discoveries, but it is clear that continuing on our present path of accelerating environmental degradation would severely compromise the ability of present and future generations to meet their needs. A slowing of population growth rates would help ease the intensification of many environmental problems. However, the rate and timing of fertility declines, and thus the eventual size of world population, will largely depend on the commitment of governments to creating economic and institutional conditions that are conducive to limiting fertility." What is the meaning of this statement?

12 theme: inside the meltdown- watch the following frontline Documentary, "inside the Meltdown," 2. Secretary Paulson seemed to be having a philosophical crisis about how to solve these problems in the meltdown. Explain his angst in trying to solve these problems and trying to balance free markets vs government intervention

Which of the following is NOT one of the key fundamental economic questions of an Economic System?   Question 26 options:   What to Produce?   How to Produce it?   The Government putting a tax on a Product?   For Whom to Produce it?

1. Explain insightful interpretations of the data, connecting it to the broader context of the issue on global economic issue under world hunger and poverty at Nigeria country with latest news.

Question 26.26.   A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won’t buy it because they don’t like the taste.  From an economic perspective, the company should          keep the hamburger on the menu because they've spent so much money and time developing and promoting the product.        spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time.        pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost.        keep trying to sell the hamburger so that people who developed and promote it have a job with the company.

Please give a detailed solution with an explanation and answer all the questions provided in the image below.For the 3 blank answers here are the options:Blank Answer #1:cost of producing or market value of or wholesale cost ofBlank Answer #2:final goods and services produced or final goods and services consumed or final and intermediate goods and services producedBlank Answer #3:by U.S. citizens or by U.S.-owned companies or within the United States

Globalisation General Framework   In this topic, you are to research globalisation. The business press bombards us with ideas about ‘The shrinking world’, ‘the flat world’ and ‘the border-less world’ – all catchphrases to describe the impact of globalisation. But are the (trade) borders really collapsing or are we seeing, post GFC, a resurgence in them? What is behind the extreme demonstrations against globalisation at G7 and WTC conferences?   Individual Components   World 3.0: P Ghemawat’s questioning of whether the world really is as ‘global’ as we are being told it is and his ideas about how it could be globalised more effectively. Anthony Giddens’ ideas on globalisation. The “End of Poverty” movement and the contrary assertion that “Trade NOT aid” is the way to a more globalised world that mitigates against poverty.

10. The production possibilities curve will never move outwards. True False   11. Government controls all market activity in the United States. True False   12. What does the law of demand state? A. As the price increases, quantity demanded remains constant. B. As the price increases, quantity demanded increases. C. As the price decreases, quantity demanded decreases. D. As the price increases, quantity demanded decreases.   13. Microeconomics is the study of which of the following? Individual economic units Banks and the U.S. government Money and money markets Foreign exchange markets

Unit 4 Question 1 The production possibility frontier of an economy is as shown in Figure 1. (a) () If the economy produces 15 units of manufoctured goods, whot is the maximum number of non-manufactured goods it can produce? (in) How many manufoctured goods could it produce if production of non-manufoctured goods was 50 units? (b) The economy is currently operating at point C What is the opportunity cost of increasing production of non-manufactured goods by (1) 15 units; (1) 20 units? (c) The econory is at D. Whot is the marginal cost of increasing production of non-manufactured goods to the point () C; (i) B? Thanks in advance!