You are welcome to ask questions on Economics. However, due to volume of questions, I can no longer promise to answer all questions.
I will post the answer on this blog, for everyone to benefit from.
I shall try to answer the economics question and / or point to other resources but please bear in mind.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
- I can’t guarantee to always give full answers it also depends on my time schedule.
- I will answer as a new post. Check home page of blog for new post. With question and answers
- Generally, I don’t answer questions, which involve mathematical calculations, they tend to be doing someone’s homework. however, I may give examples, of calculations, if I think it helps explain economics principles.
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
Related
- The first Readers Questions has had over 150 comments.
- Readers Questions II
- Readers Questions III
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Hi, here’s my question:
Should national growth figures be adjusted for the amount of Quantitative Easing undertaken by the central bank during the financial period?
As a (very simplistic) example; an economy has a GDP of $5,000 bn, during the financial period the central bank creates $500 bn in Quantitative Easing in order to invest in the financial services industry. At the end of the period GDP has fallen to $4,950 bn. Has the real economy been devalued by 1% or by 11% as the QE investment has seemingly disappeared, effectively hiding a $500bn economic contraction.
hi,
i would like to know how to answer this question:
monopoly:how price and output is determined in the short run?
thnx………
hey,
mi question is a school assignment..any help is appreciated..:))
is the mixed economy the best way for a country to deal with the basic economic problem?
thanx!!xx
I would like to know the main points for this question:
Is the rise of China good or bad for the US and Europe?
What would be the main points for good and bad?
Any help is greatly appreciated.
I would lyk to know answers to the following questions
a} what are the causes of unemployment in Zimbabwe,outline the possible solutions to the types of unemployment
is the economic demand for a particular product determined solely by its usefulness?
what are the assumption in order to draw production possibility curve?
what is mixed economic system?
Economic theory has no practical value, discuss
Use the Keynesian cross to explain the effects of increase in export to aggregate demand, aggregate income, savings, and amount of taxes collected by government
Hi! i would like to know the effects on aggregate demand, aggregate income, saving, amount of taxes collected by government using Keynesian cross
is the Phillip’s curve analytical framework applicable to Zimbabwe’s economic situation over the past 12 years [15]
Discuss some of the important measures which can be taken to correct an unfavourable balance of payment position [15]
Is the Phillip’s curve analytical framework applicable to Zimbabwe’s economic situation over the past 12 years [15]
Discuss some of the important measures which can be taken to correct an unfavourable balance of payment position [15]
hi
plz any one help me to answar this question.
discuss a policy measure for each of these three different type of unemployment.
Do you like Twilight?
explain what determines the demand for money
Explain what determines the demand for money. (10)
explain whether the government should tackle the causes or the symptoms of unemployment.
explain the causes of three different types of unemployment.
discuss a policy measure for each of these three different types of unemployment.
What determines the relationship between the monetary base and broad money?
What trade patten was applied in Case: Costa Rican trade, Foreign Investment, and Economic Transformation?
Thank You very much!!
Hey help me to answer this question:
Explain how global efficiency cab be increased through the free trade?
What, How much and with whom should countries import or export?
Discuss the view that full Ricardian equivalence renders fiscal policy ineffective.
Thanx
explain benefits of increasing rate of unemployment BENEFIT FOR :UNEMPLOYED , society and any cost that may result from such policy
I wanted to ask how the analysis of wage determination in perfect competition leads to an equilibrium
define produce surplus
what is the reason fot the lratc
what are the reasons for the slope of Ratc
list and briefly explain four sources of economies of scale
what is the benefits of Elasticity to conumers and producers?
hi again
i have some other questions to ask aswell.
what diagram will i use for the productivity of labour increases.
what diagram will i use for the price of the product produced by the workers increses.
what diagram will i use for wages in other related occupations increase
what diagram will i use for the price of machinery (a substitute) decreases.
Can any one help me please thank you.
hi
I need some help with the following question.
What diagram will i use for more workers enter the labour market.
thankz can anyone help me please. thanks
hi
I understand that one of the economic cost of being unemployed will lower the GDP for the economy. Is there any articles/sources where I can refer with regards to this factor.
Awaiting your help. Thanks!
Hi, Im doing my dissertation based on the effect of the economy policies modifications since 1980 on the SME’s,but it has been very difficult to find info about that specific subject, do you know something relevant about this? I really appreciate your help.
Thanks
- caused & solutions to poverty ?
- which government macro economic aim should be given priority & why ?
- whether the policies of governments in developed
countries necessarily harm developing countries & how?
-effect of privatization of an industry on efficiency in the allocation of resources.
- advantages & disadvantages of budget deficit ?
- advantages & disadvantages of multinational companies ?
- investment determinants & its effects on an economy
- who dominates the market – consumers or producers. how & why ?
- whether all factors of production as fully as possible (i.e. conservation (long-term) VS exploitation (short-term) ?
- effects of taxes on the level of national income ?
- usefulness of long-run average costs to a profit-maximizing firm ?
-whether it is possible to make a profit from a newspaper that is distributed free ?
-effects of trade unions on the economy of a country ?
- limitations of national income statistics as a means of comparing living standards b/w countries ?
- benefits of price discrimination ?
- advantages of diversification ?
- role of private sector investment on economic growth in a country ?
Hi could someone help me with the following questions?
1. what is the difference between price elastic and demand elastic? is there a difference between the choice of these two expressions?
2. For food, the income effect will be relatively large (making demand relatively elastic). The substitution effect will be relatively small (making demand relatively inelastic). What does it mean that the actual elasticity will depend on the relative size of these two effects?
Many thanks.
Critically evaluate the following statements, and then discuss whether you regard fixed or floating exchange rates as the better system.
1. A flexible exchange rate regime is better able to cope with external shocks.
2. A fixed exchange rate system provides a more stable trading environment and minimises risks.
3. Floating exchange rates enable individual countries to follow independent policies.
4. A fixed exchange rate system may encourage governments to adopt discretionary policies such as tariffs and non-tariff barriers in order to control imports
hi,
how does the british rescue plan aim to help the economy?
hi,
I would like to know how did the financial crisis affect stock markets e.g bonds were they less attractive?
I have to write a essay on “whether the Baltic States should be allowed to adopt the Euro before they fulfil the convergence criteria?” I am unsure about which topics i should talk about and about an overall conclusion, so far i have talked about the convergence criteria and the advantages/disadvantages of the euro, now im stuck and unsure what to write!
Thanks
Is disguised unemployment is the potential source of saving?
‘Should UK government provide financial assistance to manufacturing industry?’
It’s an essay question, and i have no idea whatsoever. Its for AS economics.
I need: An introduction
2 arguments for
2 arguments against
And a conclusion
Any help? I really have no clue. The fact that i started economics late doesnt help either. Thanks.
Hi – I hope to explain the fiscal multiplier effect to a bunch of non-economists (business professionals). I’m planning to start with the Keynesian GDP equation and work from there. Where I am stumped is how to represent the effect of a reduction in tax (lump sum or whatever) on the GDP equation, i.e. does a reduction of tax constitute an increase in the G variable, and the multiplier effect should be represented in C? Or C, In and Im? I can calculate the overall impact on GDP, i just don’t know how to show the change within the GDP equation… appreciate any advice you can give.
1- Why should policymakers think about incentives?
2- Why isn’t trade among countries like a game with some winners and some losers?
3- What does the invisible hand of the market place do?
4- Explain the two main causes of market failure and give an example of each.
5- Why is productivity important?
Do you agree that when monopoly exists the public is always the victim??
what is the definate meaning of economics
how the federal funds rate is set during the different stages of the business cycle
is cigarette a luxury or a necessity good?
what are the sources of current account deficits and external debt of the United States in current context?
oil will rise again?to 100+ per barrel?
where does all the money go?
Reasons why a business student should study economics
how does minimum efficient scale contribute to differing opportunties for competition?
homework question need help with..
abc and xyz are competitors. currently abc earns annual profit of $100,000. if abs cuts its market price enough to force xyz to shutdown it will earn no profit this yr. without a competitor abc expects to earn 110,00 profit per yr.
at a discount rate of 10% per year is driving xyz out of business a good investment for abc ?
is likely that xyz will stay out of business forever? what circumstances would allow it to re enter the market regardless of what industry this is?
why…when the more money has created can caused the an inflation..?
In what way or how do the economic growth possible ?
Currently technology and infrastructure are growing apart from Europe esp U K to Asia .
Financial stability per family is also sinking ! right(esp to white people-majority )
then where is growth of economy and how it drives U K to a new positive level of growth ?
Now a days people forget to save money and remember how to spend the same?
Where is the growth ?
what effect does expansionary fiscal policy have on the fishing sector?
i would like to know the differences between the likely structure of employment in a developing economy and that of a developed economy
Milton Friedman advocates “Rules vs Authority” when it came to Monetary Policy. Is the same concept applicable to Kenesian Fiscal Policy? What would be the tools? How would it Work?
what is the difference between depression economy and underdeveloped economy?
i am doing assignment on “Equilibrium and economies of Scale in socialist econoomy” can you plz help me about this topic?
thanks
please why do we study Economics in schools?…….
thank u……..
Elizzy
I am confused by the statement that is written in my O’level text book (Economics Author: Dan Moynihan & Brian Titley). It says that if the current account is in surplus the financial account will be in deficit. Is this true? If yes how can it be? Please help me. I am stuck in this paragraph since yesterday. Thus, I cannot proceed further. Fortunately I found this website. Kindly, reply as soon as possible.
Thanks,
Mohammad
Hi,
I do not understand something mentioned by an economist in his speech.He said it was because of global overcapacity that deflation is a cause for concern.I can’t seem to make the connection.Can you please help out?Thank you
i mean raw oranges
How are you sir,I enjoy comments always ,can you please tell me the international price of oranges
Can you help me understand the difference between mortgage backed securities (MBS) and collateral debt obligation (CDO)?
Thank you
How can term of trade of a country both affects and improves the country’s balance of trade?
Hi
We have a project on how the recent financial crisis spread from the US and the EU to the rest of the world. This is a very broad topic, and I am not sure about where to go.
A lecturer responded and said to look at how a fall in the stock markets affect wealth, and then use this to explain how the various components of the Aggregate Demand model are affected.
I really am not sure where to go from here
Thank you
i need help in understanding what are the limitations to efficiency………please n thank you in advance.
Hello, I just have a basic question to ask for my self interest:
Is a free market in the short run always in equilibrium i.e. Output = Planned Aggregate Expenditure or Injections = Withdrawals?
Or is it usually in disequilibrium? i.e. Y > PAE and I > W vice versa. This confused me because it seems that the economy is always either growing or contracting and if the economy is in equilibrium it means the economy is stagnant? It seems as if an economy in short run equilibrium using the Keynesian model wouldn’t be an ideal situation compared to a small expansionary disequilibrium
hi i would like you to give me four advantages and disadvatges of full employment in economics?
thank you
Discuss whether a mixed economy is the best way for a country to deal with the basic economic problem….
hi i just want to ask
how the distribution of income has changed in the past 20 years or so
thanks
Hi,
I would like to know how to answer the following qu.
- A firm is currently making supernormal profits. What is the likely impact on the firms output and profit following an increase in wage rate?
- A profit maximizing firm with constant AC experiences a decrease in demand. Other things remaining equal, what is the likely impact on the firms output, profit and price?
I have a following question:
How recession impact on an economy, especially unemployment, economic growth, inflation? And the solution to these issues?
hey could u pls tell
Q1) why most of indians go to bed without food?
Q2)why there is no direct relation between income and wealth in India?
hi,
i am having trouble understanding the circular flow of economics. Could you explain it in simple terms, like how is it involved in my life, I dont get the connection to the product and factor markets
HI, i want 2 knoe that how wiil help the fisical policy 2 decrease the unemployment?
Hey..i wanted to ask you.. causes of absolute and relative poverty in the UK.
Thnks
i need a model answer in why labour supply is unresponsive to wage rates and taxes. which includes a diagram. I NEED HELP ASAP. THANKS
would you be kind enough to answer me what the economic instability is.I know the meaning of economic stability. as I understood when we call an economy is stable when we have low inflation, low unemployment and sustainable growth. my question is whether economic instability means high and fluctuated inflation ,employment and unsustainable growth or has other definition?
Please can you tell me how a firm going into adminstration would affect shareholders
hi,
what is the difference between club and societies?
India’s improving economy how it affected the aviation industory?
Are daily goods the same as public goods? thanks for your assistance.
i would like to know why an increase in china’s GDP is a likely saviour of the australian economy? how could I use a keynesian cross diagram to illustrate the answer?
thank you very much.
i would like to ask how consumer price index will influence import??
it is a unidirectional,bidirectional or other relatioship?
any journal article can be used to support it?
what are the major factors that led to economic down turn in the world
suggest some approaches to improve the indian economy?
For what reasons is the Stability and Growth pact considered a failure/highly ineffective, and how could it be reformed in order to tackle the economic crisis of the century?
What is the fate of global tourism in a world that is economically based upon competitive forces and comparative advantages under an anti-monopoly law established in various countries?
hi! i would b vry thankful if u could tell me something about this:-
supply side economics -does it work with trickle down effect?
i want to find out the answer of the question bellow but unable to find out the answer.
Q: what measures should be taken to rectify the adverse balance of payemnts?
How is the narrow monetary base increased? I understand how broad money supply is increased through fractional reserve lending but at some point the central bank must increase the narrow monetary base to allow further expansion of the overall money supply to allow for growth and inflation. They will in effect print new money, but how is this transferred into the economy?
Can you define money in economic terms
why do the magnitudes of these multipliers diminish even further when we allow the money wage as well as the price level to be variables
why are the fiscal policy multiplier smaller in magnitude in the variable prices-fixed wage version of keynesian model than fixed-price is-lm model?
What are the reasons for economic downturn and how come these are expected to be overshadowed in the second half of 2009 ?
In a hypothetical situation…
The required reserve ratio is 10 percent.
A bank with $10 million in deposits has $700,000 in vault cash and $200,000 on deposit with the Fed.
A person deposits a $1 million check in the bank. The excess reserves of the bank are now…
A) $800,000
B) $1 million
C) -$100,000
D) $900,000
Please help..I’d really appreaciate it. Thank you.
Why is the long term Phillips curve a straight line?
any help greatly appreciated.
cheers x
How does a sudden change in interest rate change affect exchange rates of currency?
i need help with this question…
why do price supports reduce economic surplus?
how can a recession affect the capacity of a mining company in terms of output produced and output exported,and export prices
i need help on this question.
discuss whether economic actions by individuals always results in net benefit to the society
[A level]
i will really appreciate it if you mail me back the framework asap..thx!!!
When a buyer expierences consumer surplus, does the seller expierence a loss?
In terms of economics, why is it allowed to eat and drive rather than talking and driving without a bluetooth? What exonomics principle can I apply to this situation? Can anyone explain please?
i need help with thi question!
Discuss whether the reduction of unemployment should always be the main aim of
government policy.
thank you.
Hi Tejvan,
I’m currently writing a short research document on government change in the UK and what influence this might have on the economy.
My thinking is that although both the Labour and Conservative parties have certain policy wish lists, room for political change (possible tax cuts/spending) will be extremely limted due to the state of the economy and the size of public debt, so we shouldn’t expect much change whoever wins the next UK election.
However I was intrigued by something I read on the internet regarding Conservative plans to include housing costs in the Bank of England’s inflation target.
Do you have an opinion on this?
I have read some analysis that suggests this would keep help to keep interest rates low in the UK, but I’m not sure if I quite understand the theory behind this.
Any thoughts?
Cheers
Den Cartlidge
Ps – Some great recent updates by the way!
Hi, can you tell me how to calculate inflation?
I’m given:
Total market dollar sales growth +1
Total market tonnage sales growth +4
- both in the same year
How do I calculate the inflation or deflation for this market?
Thank you very much!
Jeff
I am stuck on this monster of a question I think I did part a right but I can’t figure out the rest can someone please help???
…
A steel industry trade group estimates that the demand for steel in a particular market is given as
Qs = 2,000 – 160Ps + 8I + 140Pa,
where Qs is the demand for steel (in pounds) per year, Ps is the price of steel in cents per pound, I is income per capita in dollars, and Pa is the price of aluminum in cents per pound. Currently the price of steel is 160¢ per pound, income per capita is $20,000, and the price of aluminum is 300¢ per pound.
a. How much steel will be demanded at the current prices and income?…
Ps=$1.60, I = $20,000, Pa= $3.00
Qs = 2,000 -160(1.60) + 8(20,000) + 140 (3.00)
= 2,000 – 256 + 160,000 + 420
= 162,164
b. What is the own price elasticity of demand for steel? Interpret the elasticity in a mathematic and economic context — what does this number tell you? Is the own price elasticity consistent with economic principles? Explain.
c. What is the income elasticity? Interpret the elasticity in a mathematic and economic context — what does this number tell you? Is the income elasticity consistent with economic principles? Explain.
d. What is the practical interpretation of your answers to b. and c. when looked at together? What kinds of conclusions can you make about the demand for steel?
e. If management’s objective is to maintain the quantity of steel demanded at current levels (as computed in a. above), what change in the price of steel would be necessary to compensate for a 10¢ decrease in the price of aluminum?
Hey can pls help me? i really need your help here..thx!!!
1) Explain the factors that influence individuals to explore the opportunity of self-employment.
2) Describe the possible impacts of self-employment on the economic growth and economic structure.
HOW HAS THE GREAT RECESSION IMPACT WORLD TRADE?
Hello,
I wanted to ask about the government debt of USA. You know, huge public spending, and govenment programs like TARP or expensive wars are tackled the debt of the USA into extreme heights. This debt mass MUST become unsustainable soon, but Obama spending money insanely. In my country, Hungary has undergone a massive crisis caused by the crazy spending of the government. We must cut public spending and at last autumn, we received loan from the IMF to stabilize the 2009 budget.
So my question: How USA can spend money into nothing without cutting the state expenditures or raising taxes? Why the creditors fund the USA for 0,2 percent divident for the govenment bonds? In Hungary, the country now somehow stabilized, and we must issue bonds for 9,5 percent!! I reading newspapers, saying: We are too small, and risky… Then, the USA is too big! (in finances, not at territory)
Sincerely,
What factors determine what someone deserves for pay? How you do account for cultural differences?
What standards should be used to establish a fair wage? Are the standards for executives different from those for hourly workers?
Is it fair that the former CEO of the bankrupt Lehman Brothers, Richard Fuld received US$484 million in salary?
Hi,
I would like to know why in the USA we have minimum wage law but not a maximum wage law? What are the advantages and disadvantages of a maximum wage law?
Hey could u pls help me these questions. I will appreciate your answer..pls help me…..i have no idea. Thx very much ^^
1) Explain the factors that influence individuals to explore the opportunity of self-employment.
2) Describe the possible impacts of self-employment on the economic growth and economic structure.
The price drops by 1 percent, causing the quantity demanded to rise by 2 percent. Demand is therefore elastic, with Ed>1. If you change 2 to .5 in the first sentence what two other changes will be required in the quotation?
what is meant by mutual fund?how it helps to growth of share market?
what is the share market? it,s functions and how is the indian share market?
suppose that the economy of japan is initially in a recession. as the result of a collapse in a real-estate bubble. Draw a Keynesian cross diagram for japan.
Are profitable firms necessarily economically efficient in different market structures?
why telecom sector increase in indian economy
why are measures to increase spending in a recession generally considered a good response and why extra spending is less inflationary in this situation.
explain the function of the price in the economy.
pls help me with these 2 questions. i only need points. so that i can explain it further.
1) What should China do to raise the value of its Exchange rate?
2)To what extent has raising interest rates reduce inflation in china? why did china solely rely on the monetary policy rather than other options such as the fiscal policy?
HI I want ask some question.
Q-Is there a conflict of objectives between government attempts to reduce both inflation and unemployment at the same time? How might this conflict be resolved?
what is the meaning of price discrimination and discuss the three levels of it.
With the new stable UPA governmnet coming to power in India and the daunting task ahead of them of raising revenues as well as carrying on the reform process to bring back India on the growth trajectory. What do you think are the sources of raising money for the new government?
Is it sufficient the have just one economic theory or should we have more economic paradigms? Please explain your argument and provide an example.
How would China and the Asian NICs affect Asia free trade area, such as ASEAN? What would be the gain and loss of poor states nearby in this free trade area? Thanks.
Hello there!
I just got done reading Karl Polanyi’s book The Great Transformation. I was curious to see what you thought of his theories presented in the book, specifically the ideas of “old” institutionalism. It was pretty interesting to read, especially after reading the Douglass North and Weingast essay, “Constitutions and Commitment: The Evolution of…” and how they discussed the “new” institutionalism taking place.
Just wanted to pick your brain on the subject…
This website is great, I will definitely be back for more!
Using the concept of the circular flow model and the multiplier effect, discuss the impact of the Olympic Games on the Chinese economy.
Q)Evaluate the role of inflow of FDI in assisting developing to achieve faster economic growth…
Kindly answer this….
how do monopolistically competitive firms decide on the level of output and price in both the short run and the long run?
We have read many articles during the semester about the cost of the US health care system? Please describe the situation regarding escalating costs and the impact on families and businesses? Diminishing Access to Care? Gaps in Quality? And Specific recommendations that you would give the President of the United States on how to fix the system?
how to answer?
how to answer?
Hi,
I’d like to find out the differences between Corporatisation & Privatisation, as well as the advantages of corporatisation.
Also, I’m not sure if you’d have the information, but in what ways will privatisation help in an airport’s ability to diversify.
Thank You.
How do you explain the long boom in house prices from the late 1990s?
hi, first i would like to say that you have helped me so much throughout my course …SO THANK YOU! … i have a question with which you could help on … i would like to know what are some approaches that could be used to solve the free rider problem ?
thank you again for your help! xx
hi,
i would like to know what the stimulus plan is for the uk to overcome the recession and how successful are these policies likely to be?… i tried websites like BBC for a proper copy of the budget but was unable to find it. if it is possible to send me a simplified version of it.It would be greatly appreciated.
thanks!
I have read that in the US (and to some extent in the UK) the money supply has been increasing for a number of years , which was a contributing factor in the ‘credit/asset price bubble’ story. Why did inflation stay so low in this period of expanding money supply ?
Hey I would like to ask you, what is the link between macroeconomic problems and their interrelatedness, for example:
-relationship between internal and external value of money
-relationship between balance of payments and inflation
-relationship between inflation and unemployment, trade-off between inflation and unemployment…
Thanks
i would like to know how to answer this question:
1. Why government intervention is not desirable? Use some example to illustrate eg. Tax is common use to intervene.
2. Why government’ s interventions always fail?
Thanks~
How the credit rating agencies has contributed to the growth and subsequent collapse of the mortagage-backed securities markets in the recent past? Why the rating agencies hasn’t been checked if they had been exagerating the market?
Explain the shapes of the total, average and marginal revenue functions for (a) a perfectly competitive firm and (b) a monopoly.
What is meant by the term deflationary recession?
Do we have positive relationship between inflation and interest rate? What is then the impact over AD and real output?
EXPLAIN HOW EXCHANGE RATES ARE DETERMINED IN A FLOATING EXCHANGE RATE SYSTEM.
Do you think that the world will have achieved all of the Millennium Development Goals by the time 2015 comes around?
Hi, I hope you can answer this question.
Is Real GDP per head a better indicator of living standards compared to growth of Real GDP? Why?
1) Are people/markets myopic and forgetful – do people become “irrationally exhuberant” in booms and irrationally pessimistic in busts? Is there anything that can be done to stop this?
2) Will external shocks always happen? Is there anything that can mitigate them to stop them turning into recessions?
ARE ECONOMIC RECESSIONS INEVITABLE?
do you agree with bank bailouts why?or why not?
Hi! I have problems with the question below
When considering national economic policy government must accept that there is a trade-off between inflation and unemployment. Dicuss.
Hope you can give me some suggestions
ok my question is about the economic meltdown in the states, the possible causes (including iraq n afganistan),the main component that contributed to the disaster,the government policy that was parcialy responsible for the failure and the measures that are being taken to fix the economy and what is in the pipeline?
im not looking for the answers… just some facts that i can use.
i knw big question :/ but it’s a long essay
I hope you can help
Hi, I am struggling with the following question:
You are an investment analyst specialising in cigarette related share prices. A lawsuit on behalf of smokers injured by cigarettes results in $2 billion in punitive damages awarded against the cigarette industry. Your colleague predicts a huge drop in cigarette profits and strongly recommends selling cigarette-related shares. Do you agree with this view? Why or why not? (Assume Price elasticity of demand for cigarettes as a product group is very low, while supply is close to perfectly elastic)
Hope you can help
The reasons for price discrimination
Hey, what do you think are the implications of the 2009 Budget?
How should foreign aid be used to promote growth in the developing world?
1) why do cafes charge extra service tax when they reamin open on public holidays?
2) why do supermarkets sometimes give free gift on purchase of certain products?
3) How do fashion retailer make profit when they offer high discounts during sales?
4) why are generic drugs cheaper than brand names?
(1) How monetary policy and fiscal policy have been used by the Government to try to achieve its objectives.
(2) Why Government often fails to achieve its main objectives of high economic growth, price stability, and a surplus on the balance of payments.
Priority Mail has been one of the most profitable products for the U.S. Postal Service, growing six times faster than first-class deliveries over the period from 1995 to 1999 and accounting for almost 8 percent of the Postal Service’s mail revenue. Because the Postal Service lost $480 million in the fiscal year ending September 30, 2000, it adopted the strategy of raising Priority mail rates by 16 percent to help offset this loss. Bear Creek Corporation planned to ship 15 to 20 percent fewer priority mail packages in response to the rate increase.
If this corporation’s response is typical for Priority Mail customers, will the Postal Service meet its goal of reducing its deficit with this policy?
Could you please assist with answering this question: arguments for and against leaving pension provision to the free market. When assisting with the question please write as you are writing to a non economist, with less economic terms.
A man decides to deposit 8 million pennies. With a reserve requirement of 20 percent, how did his deposit change the lending capacity of his bank?
How can the recession correct global economic imbalances?
What are your predictions for us/canadian dollar currency. Do you think they will reach par in 2009 ?
What are your predictions for us/canadian currency ? Do you think they will reach par in 2009 ?
Is it more profitable for smaller coutries to open up for free trade than more populous countries
Increasing raw material costs cause the price of a good to rise. Explain the effect of this price rise for the good on the markets for its substitute and complementary goods.[8]
Discuss whether the reduction of unemployment should always be the main aim of
government policy.
Dear Sir,
can you please help me answer the question ‘how has the international off shoring of production affected the the countries receiving this investment?
Thank you
An advantage of publi works over transfer pameets as a means of reducing unemployment? An disadvantage ofusing public works to reduce unemployment?
An advantage of publi works over transfer pameets as a means of reducing unemployment? an advantage of transfer payment over public works as a means of reducing unemployment?
Meg’s preferences over consumption in years 1 and 2 are given by her intertemporal utility function,
U(C1, C2) = min[2C1, 3C2]
where C1 and C2 are her consumption levels of the composite commodity in the respective years. Lizzie receives an income of $30,000 in year 1 and $50,000 in year 2. The price of the consumption good is $1 in each year and the interest rate for borrowing or lending is 25 percent.
(a) Draw a diagram showing Meg’s intertemporal preferences.
(b) Write down Meg’s intertemporal budget constraint.
(c) Draw a diagram showing the budget constraint, Meg’s initial endowment and her optimal consumption in each of the two years.
(d) Find the optimal consumption quantities and de
termine how much Meg will borrow or lend in year 1.
(e) How would Meg’s consumption choices be affected by a decline in the interest rate? Explain briefly with respect to your diagram in (c).
*any help u can provide with any of these questions would be a massive help! thanks!
Edna is only interested in broodmare mix (B) and gumnuts (G). Her preferences are described by the utility function u(B, G) = 3B + 2G, where broodmare mix and gumnuts are measured in bags.
(a) Find Edna’s marginal rate of substitution between broodmare mix and gumnuts.
(b) Are her preferences homothetic? Explain briefly.
(c) The monthly budget for broodmare mix and gumnuts is $100. Broodmare mix costs $25 a bag and gumnuts cost $20 a bag. Find the optimal monthly amounts of broodmare mix and gumnuts to satisfy Edna’s desires.
(d) How will Edna’s consumption of broodmare mix and gumnuts change if the price of broodmare mix rises to $40 a bag? Explain with reference to part (c).
(e) Suppose the prices of broodmare mix and gumnuts are as in part (c). Find the equation of Edna’s income-consumption curve. Illustrate the income-consumption curve in a diagram.
*please help me solve these 5 questions! im struggling.
Hi there any advice please …. without the support of a teacher or access to any markschemes how can I be sure that my essays cover all the points needed to get the marks. 60 points is a lot to lose out on if I misinterpret the question. Is there a set format the examiner wants the essays to be in?
Giffen goods.
Two prostitutes.
One cheap.
One expensive.
The cheap one raises his/her prices.
You still buy but cannot now afford the expensive one so easily. You reduce consumption of the expensive one and, to compensate, have more of the cheaper one.
Seems like a Giffen good – what a fantastic example for the exams!
Or not….there seems to be quite a lot about this on the web…
OK let’s take margarine and butter.
You buy both (unable to afford ONLY butter)
Margarine rises in price.
You still buy but reduce consumption of butter.
So, to compensate, you buy more margarine.
Simple!
There seem to be many examples of Giffen goods – and yet textbooks say they are rare.
Or have I got it all wrong?
Suppose that Congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $4 per hour.
a) What effect does this employer mandate have on the demand of labor? (In answering this and the following questions, be quantitative when you can.)
b) If employers place a value on this benefit exactly equal to its cost, what effect does this employer mandate have on the supply of labor?
c) If the wage is free to balance supply and demand, how does this law affect the wage and the level of employment? Are employers better or worse off? Are employees better or worse off?
d) Suppose that, before the mandate, the wage in this market was $3 above the minimum wage. In this case, how does the employer mandate affect the wage, the level of employment and the level of unemployment? e) Now suppose that workers do not value the mandated benefit at all. How does this alternative assumption change your answers to parts (b) and (c)?
Hello,
Is there any possibility for North America to form an international union like EU? Thanks.
Is the US bailouts fail?
I have been trying to figure out the breakdown of current account balance (components that make up CAB) for last few days. In the same article i mentioned earlier in the previous post, it is shown that Savings = domestic saving + current account surplus (trade balance). To make it shorter S = domestic saving + CAB
However, I was taught that Current account balance = (Saving – Investment) + (Tax revenue – Government spending)
To make it shorter CAB = (S-I) private saving + (T-G) public saving
Because of the latter equation, the very first equation does not make any sense to me. Could you please help clarify it? THANKS A LOT
I have come across an article detailing about the factors contributing to the East Asian countries’ high savings rate and US’ low savings rate. It says in the article that East Asian countries should decrease their savings rate and vice versa for USA. However they did not mention about the negative impact of high savings rate (in my opinion high savings is good, because we all know it leads to more investment, hence higher economic growth). Could you please explain the reason behind that? THANK YOU
What is the difference between a recession and deflation,in respect to the present economic situation?
hey,
im a really slow and stupid person and this might seem like a stupid question but…
What is Australia’s target growth rate? (2008/09)
just wanted to know if anyone knew the answer to simons question #91
What have been the effects of the Beijing olympics?
Hi everyone, I know that the terms of trade are is the price of exports relative to the price of imports.
But how would I determine the minimum terms of trade in the following scenario:
The United States (US) produces
– 6 IPods (numbers per man hour)
– 4 Leather case (numbers per man hour)
Australia (AUS) produces
– 1 IPod (numbers per man hour)
– 2 Leather case (numbers per man hour)
Each country has 100 labour hours at disposal
[B]Question: What are the minimum terms of trade that each country would be willing to accept?[/B]
Any help would be appreciated!
I think Aus would accept [1:2]
what is the difference between financial crises and econoimic crises?
How can we have both inflation and deflation in the economy at the same time? (the RPI falling to 0% and CPI rising to 3.2%)
hi i have some Questions pleas Anwser these question as soon as possible. i ‘ll be very thankful to you.
Q1. The price of good A goes up. As a result the demand for good B shifts to
the left. From this we can infer that?
Q2. A rational person does not act unless?
Q3. When government sets the price of a good and that price is below the
equilibrium price, the result will be?
Q4. The reason for the law of demand can best be explained in terms of?
Q5. Which of the following is a positive statement?
Q6. Economists use the term marginal utility to mean?
Q7. The income-consumption curve?
Q8. The income elasticity of demand is the?
Q9. The slope of an indifference curve reveals?
Q10. An isoquant?
Q11. The demand curve and its inverse relationship between price and
quantity demanded are based on the assumption of?
Q12. Economics is about the allocation of scarce resources. Which of the
following is NOT an example of economic scarcity?
Q13. Which of the following is a normative statement?
Q14. The substitution effect of a wage increase will lead a person to?
Q15. Which of the following statements about indifference curves is NOT
correct?
Q16. A self-employed accountant spends a lot of money identifying clients
and advertising her services. These activities are an example of?
Q17. Assume that a firm is a price taker in its input markets. If the firm’s technology is characterized by diminishing marginal physical product of its
variable input in the short run, the firm’s short run?
Q18. Which of the following statements describes the presence of diminishing returns?
Q19. Diminishing marginal returns implies what?
Q20. The largest amount of output that a firm can produce with a given combination of inputs is determined by What?
What is the difference between a recession and deflation,in respect to the present economic situation?
Hi I saw this question…….
list the barriers to exit that a firm faces when trying to leave the market..
I can understand the barriers to entrance but exit I can only think of the costs of paying off the employers….
Am I on the right track? can you help?
I have the following questions as part of my assignment. would you please help me.
1. What is a cartel.
2. Draw & explain the graphs dermacating ths operation of a cartel.
3.Discuss with the help of a graph the reasons why cartels fail.
A fall in competitiveness will lead to a depreciation in the exchange rate.
I read this on this site somewhere, can you explain why this occurs? Thanks.
Hi,
I have a question which confused me for a long time.
Recently, Zimbabwe’s central bank decided to delete 12 zeros of their currency to deal with the Hyperinflation problem. I just have an intuition that this action doesn’t work as the purchasing power of the currency remains unchanged. Can you tell me the reason why it doesn’t work?
Thanks!
What macroeconomic and microeconomic policies could increase a countries export potential
What is the reason of devaluation of currency??
and in which country the flexible exchange rate system takes place?
what effect does a surplus budget have on circular flow of income?
How can the accumulation of large inventories adversely affect the circular flow of income?
Hi,
A lot of people have asked about who to blame for this economic crisis. Economically, it is the banks to blame. Is there anyone to blame politically? Is Gordon Brown or to blame for any economic decisions during his time as Chancellor or PM?
Hi, I am current working on a piece of work writing about whether recessions are inevitable (we are asked to avoid text book kind of answer), I know that there are many repects we can look at about this issue, do you have any suggestions about any particular interesting area I should start with.
How is quantitative easing expected to benefit the UK economy looking at the current situation of the economy>?
appreciate it if i could hear ur view…=]
thanku
Different British political parties have taken up different policies to balance the private and public sectors. Analyse the policies of high tax with high public spending OR low tax with low public spending.
(are they both about fiscal policy? or one about fiscal the other monetary?)
What are the relationship between economic and social science?
Why are there large differences in the unemployment rate across different regions of the UK?
what are the causes of recession in india now a days?
Q Explain why some firms’ long-run average cost curve is U shaped
Hello again,
I’ve recently started doing a piece of research on what the first signs of economic recovery could be (what to look out for in other words), following the current slump.
Unfortunately (and perhaps predictably) there doesn’t appear to be much commentary on this subject. I think a lot of “experts” are reluctant to stick their necks out at the moment. And after the fuss surrounding Baroness Vadera’s “green shoots” comment, that isn’t surprising.
However I wondered if, from a strict economic viewpoint, there might be some predictable indicators that have in the past suggested the worse was over, and the recovery was beginning.
Inflation rising (sign of stimulus packages working?) perhaps?
Or maybe house prices stabilising?
Any thoughts
Den
Hi mr GENEROUS, I really need your help. Is mixed economy is the best way to deal with scarcity???Thanks!!
Discuss whether a widespread shortage of labour might be a major cause of inflation
Hi,i was wondering if you could give me any help with the following questions?
What factors have contributed to the recent fall in the ISEQ and what measures could be put in place to restore confidence in the Irish investment market?
What are the costs and benefits of for use in a cost benefit analysis of Constructing the Olympic Site (Village/Stadiums) in London in Preparation for the 2012 Olympics.
Free trade of goods and services may benefit both countries. But does a free tade of labour inputs bring similar benefits?
Hey can you tell me what market structure is men cosmetics classified in???
What is the normal mechanism by which a central bank increases the money supply? The money supply must increase year on year if we see inflation and economic growth, if the amount of money was fixed we would either see prices fixed(no economic growth) or prices fall(economic growth, more goods same amount of money to purchase them).
Therefore each year a central bank must create new money, how does it do this?
How has China maintained a relatively weak currency in spite of a large current account defecit over the past few years?
Does growth in output improve economic welfare?
Is it time to lower America’s drinking age (from 21 to 18)?
Explain the factors affecting the demand for cars
Analyse and discuss the following statement: “Economic growth is a necessary but not sufficient precondition for economic development.”
Hi, my questions is: What are the impacts of the drop in the value of the pound on imports and exports against other currencies.
Thanks.
Explain why New Classical economists would argue that supply-side policies are the most effective way of increasing the equilibrium level of output.
Explain why Keynesians would argue that demand management policies are the most effective way of increasing the equilibrium level of output.
Hi,i wanted to ask whether its good for an economy to conserve its resources or to use them?
Hi,
Before I ask anything, I would say that your web site is GREAT!
I have been learning about inflation for AS at the moment. I would like to know about whether inflation would be a short term phenomenon as we were told inflation takes place when there is excess demand and price will rise, it will also encourage company to produce more. Therefore, should’nt it be a short term phenomenon as the company will eventually increase the output and adjust their supply to the market back at a lower price. However, in reality, inflation is more likely to take place over a long period of time with an increasing inflation rate. Also, is the presence of inflation essential to the economy, is there any good that inflation will do to the economy as a whole.
It would be great if you can answer my question.
lots of thanks =)
I would like to know why it isn’t advisable to price your goods or product with the market price.
Hey i know u’ve had people ask u this question already, im really struggling so i would be really thnakful if u could advise me in some way
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would be most greatful if u can help
hi,
i would like to know :
how is the uk economy currently performing in terms of the macro objectives of the british goverment?
thx
danny
Can I enquire about the costs of using the supply-side interventionist policies? Thank you.
James on 02.19.09 at 3:34 pm Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would really appreciate if you can help me.
Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
I would really appreciate if you can help me.
Hi I would like to know how to answer the 2 question below:
1: What way does a person attain his/her equilibrium in consumption? With reason and why people normally buy more of a goods at a lower price level. Elabrorate with ref to the concept of price effect.
2. Monopoly is always criticized for inefficiency. It usually produces at a lower level of output, but a t higer price. Shoule we agree with this statement when compared with perfect competition? What are the reason for the existence of monopoly economy?
a)can u explain the supply-side economics
b)the remedies that supply-side economics put forward to reduce unemployment.
c)evidence of governments who have used supply-side measures to reduce unemployment and a discussion of what effects those measures have had.
a)explain whether the government should tackle the causes of umemployment.
b)explain the causes of three diffrent types of unemployment.
c)discuss a policy measure for each of these three different of unemployment.
can u explain the benfits of increasing the rate of unemployment benefits for:
a)the unemployed
b)society
c)identify any costs that may result from such society
just wondering where the answer for the following question can be read?
Explain the effects of an unexpected increase in
Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
I wanted to ask how the analysis of wage determination in perfect competition leads to an equilibrium ..
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams
Discuss the three components of demand for money. What is their role and significance in the determination of rate of interest?
2) Discuss the three components of demand for money. What is their role and significance in the determination of rate of interest?
Hi,
My questions are about debt and interest rates.
The Bank of England has recently reduced interest rates, i.e. the rate at which they lend to banks. Given that the UK has a national debt, what money does the BOE lend to the banks, and if it has to borrow it, who does it borrow from? Also, if it borrows, presumably it borrows it at a higher rate than it lends and makes a loss? Is that true?
Also, do you have any idea what the following debt figures are? I am just interested in order of magnitudes.
UK state debt (i.e. the government’s debt).
UK total personal debt.
UK total corporate debt.
Any other significant debt that I haven’t mentioned.
Also, how are these defined when they are quoted in the media. Is it net debt? If not, do you know the corresponding value of the cash reserves?
Many thanks in advance,
Ian.
what are the examples of perfecly elastic demand?
I have to write an economic anlaysis for a product or service in an electricity and gas company but I have never seen one, let alone written one before! Please can you point me in the right direction for some examples and provide insight to the key points that should be included in the analysis?
Thanks
Are monopolies always bad?
What are the benefits and risks of lowering trade barriers to a low income country?
Hi Tejvan,
Could I submit a question and ask your thoughts on a economic issue?
What effect would a long period of very low or zero interest rates have on savers, borrowers and financial businesses in the US and UK?
I’ve read a bit about what happened in Japan in the 90s, but despite zero interest rates, Japanese saving levels still remained high. Traditionally the US and UK don’t have saving levels as high as Japan. Bascially I’m asking if the US and UK economy would behave the same way as Japan’s?
Any thoughts on this issue would be very welcome.
Thanks
Den
Ps – Love the blog by the way Tejvan. Really informative and well written content too.
if you could help me i really need to know what is effects on output and interest rateif there is an autonomous decrease in investment within the monetarist model.
Q) evaluate the view that ‘trade-offs will be required over the period of the cycle’?
What does this mean? any pointers? things i need to include? what shall I talk about? etc.
1.What are the factors that inflence the demand of housing in general.
2. what are the factors of production that are necessary in the production of construction goods and services
The federal gov. requires that all US cars use some form of ethanol fuels from corn………so what effect will that have on Beef? Price increase first, or Price decreased first, or demand increase first, or Supply increase first or supply decreased first?
Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams.
Then explain the effect of the GNP change on
(i) the budget balance
(ii) the trade balance
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
Thank you for your time and help.
Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams. (60 Marks)
Then explain the effect of the GNP change on
(i) the budget balance (20 Marks)
(ii) the trade balance (20 Marks)
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
Thank you for your time and help.
discuss the economic problems that might arise from large numbers of people falling behind with their mortgage repayments and evaluate policies which a government could adopt in response.
Comparing relative poverty in UK to absoulte poverty in Uganda.
Hi, i’m actually in uni, but i thought i’d ask you for help since you were so helpful for my a levels. anyway, i was wondering if you could explain to me the Chamberlain model (specifically the Hotelling’s location model). I have searched all over and the only notes i found were very brief, or very confusing and complicated…
also, i would very much appreciate it if you could help me with this question;
Suppose that a plot of land is suitable only for agriculture. Can it be true that the farming industry will experience financial distress if there is an increase in the price of that plot of land? how would your answer be affected if the land could also be used for housing?
(i know that its somthing to do with rents and transfer earnings but not exactly sure – is it that when land is only suitable for farming,as land is fixed and has no alternative use, its supply will be perfectly inelastic, so any price it receives will be economic rent. thus farming industry wont be in distress coz land is fixed so even if price increases supply curve does not shift, as it does not have to compete with any other industry for this land. on the other hand, if land can be used for housing also, supply will now be more elastic, with money recieved divided into economic rent and tranfer earnings. if price of plot of land increases, supply curve will shift up as transfer earnings will now increase. so farming community faces less land and higher factor prices…?)
what can we do to curb the hyperinflationary environment in Zimbabwe?Need practical solutions from those who understand the Zimbabwean economy.
why is smoking an external cost?
what factors affect consumer expenditure???
in recent years the bank of englands moetary policy committee has raised interest rates to dampeninflationary pressures in the uk economy. How might increased interest rates adversely affect firms, especially in the construction industry ?
what role does cost push inflation and demand pull inflation play when hype rinflation occurs?
Hi i was wandering if you could answer these questions?
How does the recession impact:
1) Savings
2)consumption
3)investment
4)goverment spending
5)aggregate demand
Thank You
Compare the effectiveness of strategies to alleviate poverty.
How to solve Ci = 4.914 + 0.42Si + 2.44Di
Where Ci = expected cost on the i th day, is assumed to be a linear function;
Si = no. of products on the i th day and,
Di = no. of products on the i th day.
considering you have been an examiner for edexcel, is there any way you could advise me on the points to include when answering the question, ” evaluate the potential cost and benefits to the UK economy of adopting the Euro.” it was a synoptic paper, 2003, and i am rather stumped on how to squeeze 60 marks out of it…any help would be hugely appreciated. Thankyou.
please tell differences between trading blocs and trading blocks?
What are the similarities and differences between the Bank of England and the ECB? Thankyou
Using the standard demand and supply model explain what the level of employment and wages should be. Explain the impact of frictional unemployment (i.e., matched demand and supply) on the level of employment. How do efficiency wages and insider-outsider models affect the wage rate and level of employment? How would cyclical unemployment affect labor demand, employment, and the wage rate?
What is the difference between the short-run and long-run Phillips Curve? Why in the long-run is there no trade off between inflation and unemployment? What are the policy implications?
I know that a gentleman asked a similar questions on november 2008 about the yen. He made the point that in July 2008 the yen was 216 yen to the pound and November it was 135 yen to the pound. Matters have got worse since then and the yen has shot up even further. It is now only 120 yen to the pound.
Effectively, it means that the pound sterling has devalued by about 50% in less than a year against the yen.
Surely, it means that the price for Japanese exports has doubled at a time when shops have have deceased prices. How can it keep going up and up over a short period of time without a 1929 style currency crash?
My question is, how much further will be yen rise, without there being a major world crisis? Is there such a risk of the raising yen bringing the “whole house down”. What goes up must come down, surely.
Greeting,
It comes to my mind this questions & I asked many people about it. Most of them tell me to refer to Economist leader.
My Questions are :-
What are the factors that makes today’s economic crises?
Which of them are the most important in today’s economic crises?
Can you avoid a recession?
The UK government are using public money to try and reverse the recession. If lending levels do return and there’s another crash, could it bankrupt the government?
In the long run would we not be better off to accept the recession than risk an even larger one?
Rick:
“I once ran across a term and now can’t find it. It’s the economic theory that consumers will purchase a product or service which cost more money for the sole believe that it’s of higher quality due to its higher price.
Is there a designated term for this?”
The term is, ostentation. Though it does not require the product to be of higher quality, merely higher value.
Q:1. what do you mean by value of money?How the value of money is determined according to the “Quantity Theory of Money”??
Q:2.What is Fiscal policy?Mention the factors to be considered in formulating Fiscalpolicy of a country?
Q:3.Mention the different kinds of unemployment?What are the mejor causes of unemployment in a country?
Q:4.What is the different between Growth and Development?Explain the factor affecting macro-economics growth in a under development country?
Q:4.What do you mean by philip curve ?explain the relation between Wage and unemployment in changing Economics condition using philip curve ?
What is the role and function of price in the economy?
I once ran across a term and now can’t find it. It’s the economic theory that consumers will purchase a product or service which cost more money for the sole believe that it’s of higher quality due to its higher price.
Is there a designated term for this?
Can you ,in simple terms, show or define how National Debt is calculated, Also how and where the funds are generated to reduce it?
Hi,
I would like to know how to answer these questions.
Q1: Over the last few years the demand increased for organic vegtables. using the economic theory explain and analyse the effects of this increased demand on the market and illustrate with a graph. if we experience a recession what impacts of this be on the market for organic vegtables?
Q2: The UK Government tends to levy relatively high indirect taxes on goods and services that are inelastic demand. Explain with examples, why this might be the case.
Thanks,
Hannah
Thanks,