@zareen said in CS625 Assignment 2 Solution and Discussion:
c) Can we protect an idea using Intellectual Property Rights? Justify your answer with valid reasoning.
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Total Marks 5
Starting Date Monday, January 20, 2020
Closing Date Tuesday, January 28, 2020
Status Open
Question Title Fiscal policy
Question Description
The Case:
South Korea is 4th largest economy in Asia. This economy has a strong export base and skilled labor force. Important sectors of this economy are automobiles, shipbuilding, mining and tourism. South Korea achieved a landmark in tourism in November, 2012 by attracting 10.3 million visitors. It was the first time that the number of foreign tourists topped 10 million in a year. Suppose, in order to meet the expenditures faced by tourism department of South Korea Ministry of Culture, Sports and Tourism, government decides to increase the direct and indirect tax rate.
Requirement:
Keeping in view the above facts and figures, Explain logically that how would this strategy (Increase in taxation) affect the incomes and consumption of the people of South Korea?
Note: Be specific in your answer. Write to the point in your own words. Avoid irrelevant details.
@zareen said in ECO403 GDB 1 Solution and Discussion:
The prices of food in the country have risen radically throughout the year. The rise in the prices of wheat flour, sugar, vegetables and pulses are stimulating inflation in the country. There are several reasons behind the increasing food inflation in Pakistan. A main reason of rising inflation is that the economy of Pakistan had been undergoing broad-based inflationary forces during the past years due to the execution of stabilization policies intended to reduce the deficits in current and fiscal account. The pandemic of COVID-19 disrupted food supply chains which also caused high rates of inflation. The decrease in the production of major and minor food crops, predominantly wheat caused a huge decline in the supply and leads to rise in inflation.
Requirement: Logically discuss the effects of high inflation on the economy of Pakistan? You are required to discuss only two effects.
due date is 22.12.2020
Price Trends3.1 Overview Inflation edged up slightly in FY01 after recording a three-decade low last year. The average rate of inflation in terms of Consumer Price Index (CPI), rose to 4.4 percent in FY01 from 3.6 percent in the previous year.
The prices of food in the country have risen radically throughout the year. The rise in the prices of wheat flour, sugar, vegetables and pulses are stimulating inflation in the country. There are several reasons behind the increasing food inflation in Pakistan. A main reason of rising inflation is that the economy of Pakistan had been undergoing broad-based inflationary forces during the past years due to the execution of stabilization policies intended to reduce the deficits in current and fiscal account. The pandemic of COVID-19 disrupted food supply chains which also caused high rates of inflation. The decrease in the production of major and minor food crops, predominantly wheat caused a huge decline in the supply and leads to rise in inflation.
Requirement: Logically discuss the effects of high inflation on the economy of Pakistan? You are required to discuss only two effects.
due date is 22.12.2020