Describe the Following Methods for Increasing the Share of Women

question 33

Essay

Describe the following methods for increasing the share of women in national parliaments and discuss the advantages and disadvantages of each: reserved seats,simple legislated gender quotas for candidates,zipper-style quotas.

Understand the concept of cross-price elasticity of demand and how it reflects the relationship between substitutes and complements.

Realize the significance of income elasticity of demand and how it differs in the short and long run for various goods and services.

Interpret economic figures and graphs related to supply and demand in different time frames (short run, intermediate run, long run).

Apply linear supply and demand functions in market analysis.

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another; it determines how much of one currency can be exchanged for another currency.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, free from government intervention.

Subsidies

Financial support extended by the government to lower the price of goods or services or to support businesses.

Tulip Growers

Individuals or businesses specialized in cultivating tulips, often for the purposes of selling flower bulbs or cut flowers.