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1. What is the impact of global flows on the global South?
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- What do you think is the relation of Global North and South to the social,economic and political aspect? ExplainHow important are the TNCs/MNCs in the global economy?Saudi Arabia is an oil exporting country. AD : Y = 710 − 30P + 5G+3Poil， AS : Y = 10 + 5P − 2Poil Y is real GDP, P is the price level, G is the government purchases, and Poil is the world price of oil. (a)Firstly, Write down the equilibrium condition. Then, what is the equilibrium value of real GDP and the price level(assume G and Poil as known variables) (b)Draw the AD/AS graph to show when Poil rises in the world market, what will happen the AD and SAS curves. (c)Explain the price level effect and the output effect due to the change of the oil price.
- What are the drawbacks to analyzing the global economy on a regional basis?Answer the following three questions 1. What is the impact of global flows on the global South? 2 Examine the gap between rural and urban areas across the globe. How is that gap affected by globalization? 3. What do you think is the impact of urbanization and the rise of global cities on the agricultural sector?Based on your understanding, explain the importance of fiinance on the national and global economy.
- Explain how each ofthe following shocks can impact the demand orsupply of oil:A. A worldwide economic recession.B. Improved oildrilling technology.C. War in a majoroil producing country.D. Greaterenvironmentalawareness about climate change.Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.6) Suppose, India was in general equilibrium before COVID-19. Due to the lockdown, production decreased massively. Assuming that other things remained unchanged, how can you show the effect in the general equilibrium? Also suggest some policy to tackle the new situation using IS-LM-FE model.
- Please please help me asnswer it correctly and fastly The global oil market has been affected in the recent years by many factors that induces the global price to fall. This consequence is vital for the budget of the oil dependent countries. After the huge decrease on oil price in 2016, many traders and analysts believe that oil markets are still not immune to many problems and the oil price will tend to fall again. The main factor and problems toward a fall of the oil price started in 2015 but considering that people and oil companies do not tend to react immediately to the change of oil price, the total consumption and production of oil did not get any surprised changes in the short- run. The main factor that caused the drop on the oil price is the OPEC failure. The member countries of OPEC did not agree to stabilize the oil markets, since the organization decided against cutting production at a 2014 meeting in Vienna. It is estimated that if OPEC does not cut production, the…5. What is Dutch disease? Write any one impact of Dutch disease in GCC economics.Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?