Assignment a couple of

 Assignment two Essay

ECON 1020 Principles of Macroeconomics Assignment 1

This kind of assignment includes module 1, chapters 1, 14, 2, and several. Please read the chapters (including appendixes) plus the course manual before you attempt to solution the following questions. Notes: Each question provides 10 marks. When addressing questions, make sure to explain your points obviously avoiding unimportant discussion, exhibiting calculations and drawing layouts where ideal. Handwritten projects must be legible.

Question one particular (10 marks)

(a) (b) The comparable scarcity of resources the actual operation of any economic climate a matter of choosing between alternatives. ” Make clear. The production choices table listed below shows the hypothetical relationship between the development of meals and garments in an economy. i. What is the marginal opportunity cost of producing the 2nd unit of clothing? ii. What is the whole opportunity cost of producing two units of clothing? iii. What is the marginal prospect cost of making the third product of clothes? iv. What is the total chance cost of creating three devices of clothes? Combination A B C D E (c) Foodstuff 0 six 13 18 22 Clothing 4 three or more 2 1 0

Identify the alterations in the production opportunities curves in each of the pursuing situations intended for the Canadian economy. my spouse and i. the economy techniques from total employment to a deep downturn ii. our economy makes great advancements in getting rid of discrimination 3. the end with the Cold War leads to slashes in army spending 4. the government drastically increases spending for health and education

Credit: Macroeconomics Instructor's Resource, 12th Canadian copy, 2010. C. R. McConnell, S. M. Brue, S i9000. M. Flynn and To. P. Barbiero. В© The McGraw-Hill Businesses, Inc. Combined with permission

Problem 2 (10 marks)

(a) (b) (c) Suppose you invested 50 dollars at 4%. How much money do you have at the conclusion of years 1, a couple of, 5, twelve, 20, 50, and 75 assuming you left the amount of money in the lender to gain compound interest? A friend offers you the following...


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