申論題

*** Questions 10-14 : answer the questions on the answer book.
 Question 10
Neverland failed to meet its promise to reduce the emission of greenhouse gases by 2030 by up to 80 percent below the 1990 levels. The imminent European Union (EU) sanction worries the Cabinet of the country. Currently, Neverland's consumption = NS9, investment = N$2.5, government spending = N$2, temporary disposable nominal income = NS1.5, total taxes = NS1.5, GDP deflator = N$2.
 Duke Rez said that the EU sanction would hurt the country's exports and that the net export curve would shift from NX = NS17 - N$3 e , where e is the number of New Taiwan Dollars required to buy one unit Neverland Dollar, to NX = NS14 - N$3.2 e only because of this piece of bad news.
Duke Dax also stated that the EU sanction would hurt the country's exports. He said that the net export curve would shift from NX = NS17 - NS3 e to NX = N$20 - N$2.5 e only because of this piece of bad news.

 [10-1]
 One of the only two dukes in Neverland, Duke Rez and Duke Dax, is the true expert in economics. Which one of these two dukes is the true expert in economics? Duke (Write the name of the duke) Briefly explain why? (4%)