Question #1.What are the benefits and drawbacks of globalization?
There are many benefits of globalization. First, globalization provides great opportunities to
developing counties and helps these countries to reduce unfair competition in the world.
a) Briefly explain economic and social determinants of economic growth.
5 Human capital
6 Market structures
7 Openness and policies affecting.
b) Briefly explain the reasons
Economic growth, which raised living standards and improved nutrition.
Public health and related initiatives, especially in the period from about 1870 to 1940.
Modern medicine in the period from 1940 to present.
John Maynard Keynes
John Maynard Keynes was a British economist best known for
spearheading the revolution in economic thinking. His major
contribution to the world of economics is the Keynesian theory of
Econ 2D03 Assignment 2
11:59 PM Wednesday, February 25, 2015
Market equilibrium quantity(QM)60
Total net benefit at the market equilibrium quantity: 1800
Socially optimal quantity (Qs): 100
Total net benefit at the socially optimal qua
Avenue Drop Box 11:59 PM Wednesday March 25, 2015
Question#1: (20 marks)
Consider a three-year bond, which entitles the owner of this bond $100
If the interest rate is 10 percent, the present value of bond = 248.69
Avenue Drop Box 11:59 PM Wednesday January 28, 2015
Question #1: (60 marks)
Consider a perfectly competitive economy with the following demand and supply
functions of good X.
P = 100 Q
P = 20 + Q
In the ab