Reviving Growth in Developing Economies: Analysis & Policy Recommendations Global Economy Stabilizes, But Developing Economies Face Tougher Slog Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century with the weakest long-term growth outlook since 2000, according to the World Bank’s latest Global Economic Prospects report. Even as the global economy stabilizes in the next two years, […]
Economic Assignment Questions on Tax, Elasticity & Unemployment QUESTION ONE [50] “Taiwan is a major world supplier of semiconductor chips. A recent earthquake severely damaged the production facilities of Taiwanese chip-producing companies, sharply reducing the amount of chips they could produce.” 1.2 a. Assume that the total revenue of a typical non-Taiwanese chip manufacturer rises due to these events. In terms of an elasticity, what […]
South Africa’s Auto Market Shows Signs of Recovery as Used Vehicle Demand Rises The latest TransUnion South Africa Vehicle Pricing Index (VPI) for Q4 2024 reveals a cautiously optimistic outlook for the country’s automotive sector, with improving economic conditions encouraging consumer confidence while affordability challenges continue to shape purchasing decisions. Key insights from the report indicate a continued shift towards used vehicles, with financing for […]
Trade wars in a fragmented world: Tariffs and the developing economies Question 1 (Marks: 100) Trade wars in a fragmented world: Tariffs and the developing economies The second Trump administration announced sweeping tariff increases, including a 10-percentage- point hike on all imports (excluding Canada and Mexico under the USMCA) and a staggering 60- percentage-point increase on Chinese goods. These measures, framed as tools to “reindustrialise” […]
Questions on Economics Concepts QUESTION ONE [30] 1.1 Distinguish between the following economic terms, using examples to motivate your answer:a). Scarcity and opportunity cost (6)b). Marginal utility and weighted marginal utility (6)c). Microeconomics and macroeconomics (6)1.2 Examine the two (main) factors that contribute to economic growth according to the production possibility frontier model. (12) QUESTION TWO [40] 2.1 The supply of goods or services can […]
Questions on Economics Related to Basic Economics Concepts and Theories QUESTION ONE [30]1.1 The concept of scarcity is a basic economic concept which suggests that the resources are limited. Human needs and wants are unlimited while the resources in the form of time, money, raw materials and labour are limited which requires individuals to make choices about how they can utilise the limited resources in […]
The purpose of this project is to encourage students to think critically about structural issues in South Africa’s economy. The project is also designed to draw managerial creative insights into finding answers to questions of competition, trade and industrial policy. As a researcher, apply managerial economic concepts to answer ALL the questions that follow. Answers to Above Economics Questions Expert Answer 1: The effect of […]
The Paris Agreement has mandated drastic decarbonization by developed and developing economies. Many of the top African emitters are now exploring drastic restructuring of the production processes in a way that promotes energy utilization efficiency. This is critical for ensuring an environmentally benign growth process. This study presents a unique addition to the body of existing knowledge by analysing the effect of some indicators of […]
