Economics Assignment, UITM, Malaysia Economics is the study of how society manages its scarce resources. Discuss the problem of scarcity in Malaysia
University | Universiti Teknologi Malaysia (UMT) |
Subject | Economic |
Question 1
Economics is the study of how society manages its scarce resources. Discuss the problem of scarcity in Malaysia.
Question 2
Nadiah has been working as a human resource manager in a multinational corporation in Johor, earning an annual salary of RM80,000. Using her own fixed deposits of RM200,000 from a local bank which earns her 0.3% interest per month, she decides to quit her job and operate her own restaurant in Johor Bahru. Every year she pays RM24,000 for equipment leasing; RM60,000 for shop rental; and her average monthly utility bill is RM1,500. She spends RM48,000 yearly to purchase fresh raw materials for her restaurant. Nadiah hires 5 workers and each of them is paid RM2,000 each month. Her business runs very well with an average monthly sales of RM36,000. Calculate the following values on a yearly basis:
- Implicit cost and explicit cost
- Accounting profit and economic profit
Question 3
Malaysia’s national debt to gross domestic product (GDP) ratio is at a worrying high of 63.8%. In your opinion, what should the Malaysian government do to reduce the country’s debt?
Question 4
What are the 2 most critical economic problems in the country that you want the new Malaysian government to solve in the next five years? Justify your answer with appropriate economic theories or principles that you have learned.
Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.
Get Help By Expert
Assignmenthelper.my is the ideal service to provide thesis help for students. Our team of experienced and qualified thesis writers is passionate about crafting an engaging thesis that is both well-researched and clearly communicated. With our assignment help Malaysia, students can confidently present a thesis that will stand out and make a lasting impression on their supervisors and colleagues. We offer dedicated assistance tailored to your ECW1101: Introductory Microeconomics Assignment. With AssignmentHelper.my, excellence in academia is just a click away.
Recent Solved Questions
- BNRE 6113: Learning Skill Assignment, LUC, Malaysia Discuss key components of academic writing and give reasons why statements
- Marketing Management Dissertation, TU, Malaysia RedMart, HappyFresh, and Honestbee are a few names you probably have already heard of if you like having fresh
- UKFB3053 Financial Markets & Regulations Assignment, UTAR, Malaysia Discuss whether it is rationale for the Royal Commission of Inquiry (“RCI”) to revisiting the allegations on the matter in 2017
- Programming Assignment, UM, Malaysia Define an algorithm and outline the process in building an application and Determine the steps taken from writing code to execution
- Public relations Assignment, UTAR, Malaysia You need to find a news story in the media that discusses (explicitly or implicitly) the effects of public relations
- DEE20033 Digital Electronics Report PM Malaysia The SR flip-flop, also known as an SR Latch, can be considered as one of the most basic sequential logic circuits possible.
- Management Accounting Techniques Assignment, UTIM, Malaysia Capital Investment becomes a crucial investment decision in an uncertain economic environment needs to be made
- Advanced Environmental Impact Essay, UU, Malaysia Malaysia is a developing country. Rapid development, deforestation, destroy of mountains and many other activities
- English Coursework, UOM, Malaysia How would you spend your last day if you knew you had only one more day to live? Life is so unpredictable and at times
- SKAA4313: Advanced Reinforced Concrete Design Assignment, UTM, Malaysia: A footbridge is required to provide communication between residential areas on either side of a dual carriageway road