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Ethio Econ is a network for undergraduate economics students in Ethiopia who are preparing for the upcoming national exit exam. Find resources from out bot👇 @Ethioeconomicsbot Telegram Channel https://t.me/ethio_econ
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Big thank you🙏 and please do the rest question and help us up to monday 🙏
Hello there!
The exam was somehow not good. We are in a confusion about the diffrent made by the MOE. There were two examinations on different exam periods. If anyone who has the information please tell us why we took a different exam. The level of difficulty was automatically different. So i dont know why the MoE did that.
Jimma univeristy economics student please send to us all courses selected for our exit exam
Dear John.
Here is how question #42 has been approached. I have been cognizant that there is a reduction in net export (NX). But this reduction would inturn be reflected in income which is the sum total of C+I+G+NX. So choice (D) is a more inclusive answer.
Baayye namati tola haalli hoji keessani baayye irra baracha jira osso Kan olit immo wanta qoramta walin Wal qabuti nu ergitani garidh
Hey boss, please look at this questions!
30.
The correct answer is (b)
In a perfectly competitive product market, the firm is a price taker, meaning that it cannot influence the price of the product it sells. Therefore, the demand curve for the firm's product is perfectly elastic, or horizontal.
In this context, the marginal revenue product (MRP) curve for a resource is downward sloping because the firm can only sell its output at the given market price. As the firm uses more of the resource, the additional output it produces will sell for a lower price, due to the law of diminishing marginal returns. This results in a decreasing MRP curve. Hence (b) is correct because the shape of the marginal physical product curve directly affect the shape of the MRP
42.
The Marshall-Lerner condition states that a real depreciation of a country's currency will lead to an increase in net exports if the sum of the price elasticities of demand for exports and imports is greater than 1. If the Marshall-Lerner condition is not satisfied, then a real depreciation will lead to a decrease in net exports, as the increase in export volume resulting from lower prices is not sufficient to compensate for the decrease in export revenue due to lower prices.
(b) and (d) are incorrect because they suggest that a real depreciation leads to an increase in both income and exports, or a decrease in both income and exports,
