The COVID-19 pandemic in Bangladesh is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus was confirmed to have spread to Bangladesh in March 2020. The first three known cases were reported on 8 March 2020 by the country's epidemiology institute, IEDCR. Since then, the pandemic has spread day by day over the whole nation and the number of affected people has been increasing. Bangladesh is the second most affected country in South Asia, after India. Considering the recent situation – a. Do you think pandemic has an inverse impact on GDP growth rate, CPI (inflation), unemployment? Explain considering Bangladesh Context and use relevant data with reference. And what School of thought you prefer (Classical or Keynesian or Both) to overcome the situation, explain.

The COVID-19 pandemic in Bangladesh is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The virus was confirmed to have spread to Bangladesh in March 2020. The first three known cases were reported on 8 March 2020 by the country's epidemiology institute, IEDCR. Since then, the pandemic has spread day by day over the whole nation and the number of affected people has been increasing. Bangladesh is the second most affected country in South Asia, after India. Considering the recent situation – a. Do you think pandemic has an inverse impact on GDP growth rate, CPI (inflation), unemployment? Explain considering Bangladesh Context and use relevant data with reference. And what School of thought you prefer (Classical or Keynesian or Both) to overcome the situation, explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The cost-effectiveness frontier (CEF) shows the subset of treatment strategies which are not dominated by any other treatment. True False
The mayor of Green City is considering whether to institute a Covid vaccine mandate for public employees. The fire chief opposes vaccination, and has threatened to resign if a mandate is instituted. The mayor believes that instituting a mandate is critical to getting Covid under control, and thus not instituting the mandate would costs the city -50 utility. However, the fire chief is critical to maintaining public safety. If the fire chief resigns, it would cost the city 75 utility. The fire chief believes a mandate would be an invasion of his personal freedom, costing him 20 utility. The mandate only impacts the fire chief if he does not resign. However, resigning his job as fire chief would cost him 40 utility. Draw this game. Identify how many subgames it contains. Then, solve the game to find all subgame perfect Nash equilibria.
With the population aging and patients who dread sitting in a sterile dental office, dentists are finding an opportunity in dental house calls. The Blende Dental Group has taken its service on the road in San Francisco and New York City, performing everything from routine exams and cleanings to root canals. Some patients are wealthy and prefer the personal service, whereas others are elderly homebounds who cannot get out to the dentist’s office. Recreating a dental office in a home requires additional equipment, such as a portable X-ray machine that looks like a ray gun, sterile water tanks, a dental drill, lights, and a laptop. A portable X-ray machine alone costs $8,000. Refer to Appendix 2: Marketing by the Numbers to answer the following questions. What types of fixed costs are associated with this service? Estimate total fixed costs for this additional service, and assuming a contribution margin of 40 percent, determine the amount of sales necessary to break even on this…
Herd immunity is not a new term. We know there is risk, controversy, and misinformation associated with vaccines. For this discussion, we will focus on Herd immunity and economics associated with disease management. Globally, many health experts are working to understand disease origin, progression, and the overall financial impacts of disease management. When it comes to pandemics such as COVID-19, what is the economic difference between treatments with preventative measures (vaccines) versus treating patients post infection for complications as needed? What makes the most economic sense as we move toward the goal of herd immunity?
Suppose that there is asymmetric information in the market for used cars. Sellers know the quality of the car that they are selling, but buyers do not. Buyers know that there is a 30% chance of getting a "lemon", a low quality used car. A high quality used car is worth $30,000, and a low quality used car is worth $15.000. Based on this probability, the most that a buyer would be willing to pay for a used car is S. (Enter your response rounded to the nearest dollar.)
The government would like to introduce a subsidy to help citizens who need their car for work and cannot afford to buy a ULEZ-compliant car. It also wants to ensure that only citizens who need to drive their car regularly use the subsidy. Instead of the two groups of citizens discussed above, we focus on one particular citizen who does not drive very often, only once a year. As a result, this citizen does not emit excessive pollution even with a car that is not ULEZ-compliant. The government would therefore prefer citizens like her not to buy a new car to avoid having to pay the subsidy unnecessarily. Once a year, the citizen derives a benefit of driving through the ULEZ area of B = 20. She can choose to either buy a new ULEZ-compliant car at a cost of C = 10, 000, denoted x = new, or stick with her old car at no cost, denoted x = old.If she sticks with her old car, she has to pay a ULEZ fee of τ = 12.50 on the day that she drives. Her net benefit of driving on that day is therefore…
Consider the following information: Patients who are given Treatment A live for one year in Health State q = 0.8 and certainly live for another year in Health State q = 0.5. Patients who are given Treatment B live for one year in Health State q = 1.0 and then either die with probability 70% or live for another year in Health State q = 1.0 with probability !3! 30%. Which of the following statement is TRUE regarding the abovementioned information? If the second year is discounted at rate r= 0.10 then the expected present value QALYS for treatment A and B is 1.35 and 1.33, respectively. O If the second year is discounted at rate r = 0.10, Treatment A and B yield the same more expected present value QALYS. If the second year is discounted at rate r= 0.10, Treatment A yields more expected present value QALYS. If the second year is discounted at rate r = 0.10 then the expected present value QALYS for treatment A and B is 1.25 and 1.27, respectively. O If the second year is discounted at rate…
Viable organs, while scarce, are readily accessible to extremely wealthy patients for a high price. True False
High deductible plans in the U.S. reduce adverse selection. True False
Three types of health sector reforms are Imposed, Big ‘R’ and Small‘R’ reforms.Carefully provide points for three (3) Health Sector Reforms (one from each type previously mentioned)that has been implemented in the Caribbean region over the last 10 years.
Effect of the COVID 19 pandemic on the hospitality, industry, not just for hotel and resorts
John Hoover, age 35, has $70,000 of protection under his employer's group term life insurance plan, for which he makes a monthly contribution of $1.50. His wife is named as beneficiary. The actual cost to the employer for his protection is $.20 per month per $1,000 of insurance, and the uniform premium for group term insurance under the Internal Revenue Code is $.09 per month per $1,000 of insurance. Under Sec. 79, what is the annual amount that Hoover, who is not a key employee, must report for federal income tax purposes because of his group term insurance protection? A. $3.60 B. $30.00 C. $21.60 D. $57.60