Course Name: Macroeconomics\tStudent\u2019s Name:
\nCourse Code: ECON201\tStudent\u2019s ID Number:
\nSemester: 1st\tCRN:
\nAcademic Year:2023-24-Ist<\/p>\n
For Instructor\u2019s Use only
\nInstructor\u2019s Name: Norah Alhamdan
\nStudents\u2019 Grade: 00 \/ 10\tLevel of Marks: High\/Middle\/Low<\/p>\n
General Instructions \u2013 PLEASE READ THEM CAREFULLY
\n\u2022<\/p>\n
Assignment 1 Questions: Week 1, 2 & 3<\/p>\n
Q1: Define price ceiling and price floor and give an example of each. Which leads to a shortage? Which leads to a surplus? Why?\t\t\t\t\t\t\t\t\t[2.5 Marks]
\nQ2: Export or Import, what is the option available for a nation if it has a comparative advantage in the production of agricultural produce over the other country? Explain. Why do a group of economists favor the policies that restrict imports? (Minimum 500 words). \t\t\t\t\t[2.5 Marks]
\nQ3: Pick any two principles of economics from Chapter 1 and explain each with an example.\t\t\t\t\t\t\t\t\t\t\t\t\t\t[2.5 Marks]
\nQ4: Take an example of a two-goods economy and explain the concept of opportunity cost with the help of the Production possibility curve (PPC). Also, draw a PPC and explain why any combination outside the PPC is not possible.\t\t\t\t\t\t\t\t\t[2.5 Marks]<\/p>\n
Answer:<\/p>\n","protected":false},"excerpt":{"rendered":"
Course Name: Macroeconomics Student\u2019s Name: Course Code: ECON201 Student\u2019s ID Number: Semester: 1st CRN: Academic Year:2023-24-Ist For Instructor\u2019s Use only Instructor\u2019s Name: Norah Alhamdan Students\u2019 Grade: 00 \/ 10 Level of Marks: High\/Middle\/Low General Instructions \u2013 PLEASE READ THEM CAREFULLY \u2022 Assignment 1 Questions: Week 1, 2 & 3 Q1: Define price ceiling and price […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8258],"tags":[11850,11851,1402],"class_list":["post-136803","post","type-post","status-publish","format-standard","hentry","category-economics-assignment-help","tag-define-price-ceiling-and-price-floor-and-give-an-example-of-each","tag-econ201","tag-write-a-paper"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts\/136803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/comments?post=136803"}],"version-history":[{"count":1,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts\/136803\/revisions"}],"predecessor-version":[{"id":136804,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts\/136803\/revisions\/136804"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/media?parent=136803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/categories?post=136803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/tags?post=136803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}