Department of Economics University of Toronto Prof. Gustavo Indart October 22‚ 2010 ECO 209Y MACROECONOMIC THEORY AND POLICY Term Test #1 LAST NAME FIRST NAME STUDENT NUMBER Circle your section of the course: L0101 L0301 L0401 M – 2-4 W – 2-4 R – 2-4 INSTRUCTIONS: 1. The total time for this test is 1 hour and 50 minutes. 2. Aids allowed: a simple‚ non-programmable calculator. 3. Use pen instead of pencil. DO NOT WRITE IN THIS SPACE Part I /25 Part II
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Industry accounts for 28% of the GDP and employ 14% of the total workforce.[20] In absolute terms‚ India is 12th in the world in terms of nominal factory output.[77] The Indian industrial sector underwent significant changes as a result of the economic reforms of 1991‚ which removed import restrictions‚ brought in foreign competition‚ led to privatization of certain public sector industries‚ liberalized the FDI regime‚ improved infrastructure and led to an expansion in the production of fast moving
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Québécois Economic Policy- Provincial or Pathetic? By Abe McClenny H History 3rd 6/11/12 WC: 2023 A. Plan of the Investigation To what extent did economics in Quebec lead to Québécois nationalism in the late 20th century? To assess the degree to which economics led to the unification of the French-Canadians‚ this investigation focuses on the events leading up to the 1995 referendum on Quebec sovereignty. The differences between the French and English Canadians‚ and the connections
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made Britain the master of an enlarged royal area But victory was very costly; the London government struggled after 1763 to make the American colonists to accept some of the financial costs of the empire What began as a disagreement about economic policies soon exposed clashing differences between Americans and Britons over valued political principles The ensuing clash between the Americans and the Britons gave birth to a new nation The Deep Roots of Revolution: The New World nurtured new ideas
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Summary of “From Mercantilism to ‘the Wealth of Nations’” The article “From Mercantilism to ‘the Wealth of Nations’” explores the economic ideas of mercantilism and capitalism‚ and how they affected history. During Christopher Columbus’ voyages‚ an abundance of silver was found in Peru and Mexico. This silver flowed into Spain‚ then into Europe‚ the Baltic‚ and most of all‚ to Asia‚ to satisfy the demand for Asian goods and spices. Unfortunately‚ the flow of silver into Europe caused
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To what extend was Fidel Castros maintaining in power a result of his economic policies? Fidel Castro was one of the longest ruling leaders in South America. This essay discusses the question if his maintaining in power was caused by his economic policies‚ namely his agriculture reforms‚ his reforms towards the ideals of the revolution and communism‚ the year of the ten million and the fight against the influence of foreigners‚ or by his social reforms‚ the influence of the foreign powers of the
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Using the data and your economic knowledge‚ evaluate different economic policies that could be used to encourage schoolchildren to undertake more exercise. (25 marks) Exercise is a merit good‚ which means the government feels that people will under-consume. Exercise is socially desirable and is under provided as the market mechanism allocates fewer resources to the supply of exercise due to the positive externalities. In order to encourage the schoolchildren the possible policies that the government
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Union into a strong‚ industrial‚ world power and believed the means to doing so was by ruling with a strong and forceful fist. In November 1927‚ Joseph Stalin launched his "revolution from above" by setting two extraordinary goals for Soviet domestic policy: rapid industrialization and collectivization of agriculture. His aims were to erase all traces of capitalism and to transform the Soviet Union as quickly as possible‚ without regard to cost‚ into an industrialized and completely socialist state.
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University of Westminster BEQM601 Economic Theory and Policy Solution guide for problem set 3A Problem 1 (a) Because Holly spends 40% of her income for good 1 no matter what happens to her income or to the prices‚ her optimal expenditure share is fixed. So for Holly [pic]. For Holly‚ the optimal demands are therefore: [pic]. For Holly‚ optimal demand for good 1 depends on the income and the price of good 1‚ but does not depend on the price of good 2. Optimal demand for good 2 depends
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EFFECT OF MACRO ECONOMIC POLICY ON NIGERIAN ECONOMICS GROWTH AND DEVELOPMENT ABSTRACT This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy‚ also to determine how it enhances the growth of Nigerian Economy. The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data‚ source from Central Bank of Nigeria (CBN). Economic analysis was
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