Ask Economics Question

You are welcome to ask questions on Economics.

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.

  1. The replies will be guidance and not for duplication. Your essays should always be your own work.
  2. 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.
  3. I can’t guarantee to always give answers it also depends on my time schedule.
  4. The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
  5. The answers will not necessarily be complete. I know several of my essays on this site could be improved.
  6. Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
  7. I will answer as a new post. Check home page of blog for new post. With question and answers

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.

If you find the information useful, you are welcome to buy me a coffee :)

554 Responses to Ask Economics Question

  1. johnny November 8, 2007 at 12:21 am #

    the importance of supply side policies

  2. johnny November 8, 2007 at 12:56 am #

    Evaluate the arguments for and against the view that major sports events are good for
    the economy.

  3. john November 8, 2007 at 2:35 pm #

    Evaluate the case that raising the legal drink age to 21 will be more effective than other method for reducing the harmful effects of alcohol. 15marks

  4. Prince Boateng November 8, 2007 at 8:14 pm #

    Why do we recommend the study of economics to a business student?

  5. Angela November 8, 2007 at 8:14 pm #

    Hi John
    Please can you help me to find a long term RPI forecast for the next 25 years.

    Thanks

  6. Prince Boateng November 8, 2007 at 8:19 pm #

    What are the importance of economics

  7. Prince Boateng November 8, 2007 at 8:26 pm #

    What are the importance of economics to a business student

  8. emmanuel November 9, 2007 at 4:57 pm #

    what are the economic policies that lead low inflation in an economy.

  9. todim November 9, 2007 at 6:00 pm #

    describes how markets for electronic goods and software are sometimes dominated by
    a single type of product, which incorporates the technology developed and controlled by one of
    the firms in the market. Do you agree that this reduces competition and is bad for consumers
    and producers? Justify your answer.

  10. hamid djouder November 10, 2007 at 7:36 pm #

    how low price can affect the market

  11. bentil b November 11, 2007 at 5:51 pm #

    WHY DO WE RECOMMEND THE STUDY OF ECONOMICS TO A BUSINESS STUDENT

  12. jon morley November 11, 2007 at 8:27 pm #

    To what extent does the government influence the monetary policy commitee when they set the interest rate?

  13. John November 12, 2007 at 2:36 pm #

    evaluate the importance of managing
    aggregate demand to bring about a sustained reduction in the rate of unemployment in the
    UK economy.

  14. JS November 12, 2007 at 7:19 pm #

    whether the prices for tickets for major sporting events should be purely a matter
    for market forces, or whether governments should intervene in the market

  15. John November 12, 2007 at 7:20 pm #

    evaluate the importance of managing
    aggregate demand to bring about a sustained reduction in the rate of unemployment in the
    UK economy

  16. pc November 13, 2007 at 4:51 am #

    1.Explain how exchange rates are determined ? (20)
    2. Evaluate the economic implications for the global economy of falling dolla ? (30)

    I would like to draw up a plan to answer this question correctly.
    Thanks a lot !

  17. carol November 14, 2007 at 3:49 pm #

    what are the possible consequences/effects of protectionism with regard to the uk and the rest of the world?

  18. Mandy November 14, 2007 at 11:23 pm #

    over the next 10 years, should the government make greater or lesser use of measures such as road pricing or taxes on fuel to reduce road use? (15 marks) AQA

  19. ta November 15, 2007 at 12:49 am #

    what do I need for an interview of “Economics and Management” course or PPE course in Oxford ?

  20. Mandy November 17, 2007 at 5:05 pm #

    What is the most important reason why there is an impovment in the economic growth in the chinese out of the following pocilies.
    is it Government policy, education, investment from overseas, cheap labour or natural resources.

    Please help!!!

  21. Paula November 17, 2007 at 5:21 pm #

    Why is the money multiplier in the under states smaller then the inverse of the required reserve ratio? Help

  22. Carly November 18, 2007 at 6:57 pm #

    Suppose we had government-madated universal access to food. How would the outcome likely differ from what is observed with health care systems of this type?

  23. walt November 20, 2007 at 2:28 am #

    1. A firm faces the following demand curve: P = 120 – .02Q
    Where Q is weekly production and P is price, measured in cents per unit.
    The firm’s cost function is given by C = 60Q + 25,000. Assume that the
    firm maximizes profits.
    a. What is the firm’s profit-maximizing level of output?
    b. What is the price at this output?
    c. What are the firm’s profits at this output?
    d. If the government decides to levy a tax of 14 cents per unit on this
    product, what will be the new level of output for the firm?
    e. What price will it now charge?
    f. What are the firm’s profits?
    g. If the government levies an annual business license tax of $1,000,
    how do your answers from parts a, b, and c change?

  24. walt November 20, 2007 at 2:30 am #

    MR=120-.04Q-Goes with question above. Please help this is impossible!!!

  25. Johnny boy November 20, 2007 at 1:14 pm #

    Assess the possible advantages and disadvantages of using a buffer stock scheme to control the
    price of an industrial raw material.

  26. ANGELLA November 20, 2007 at 2:11 pm #

    what is price control? what is the effect of government price control?

  27. pc November 20, 2007 at 7:15 pm #

    1.How can a change in the terms of trade affect the balance of trade ? (25)

    2. How can a change in the balance of tade affect the terms of trade ?

    Thanks a lot !!

  28. sallie November 21, 2007 at 3:53 am #

    suggest various ways in which the supply of houses could be increased in an economy and in particular, explain how governments could help the process?

  29. ff November 23, 2007 at 3:46 pm #

    What economic condition gives an advantage to those in debt?

  30. grace November 24, 2007 at 9:18 pm #

    what will happen to the equilibrium price and quantity if there is an increase in the price of oil that is used in electricity generation?

  31. Tina November 25, 2007 at 2:20 am #

    Can you help me ? I am tryingto find out if China’s expected growth to exceed 7% is based on a nominal term or real term. I have researched but cant find any thing that concludes either way. I am trying to complete a term aper and can even start because I am unsure. Any help would be great…. Thanks

  32. linda November 25, 2007 at 6:11 pm #

    Hi! I found your site very inspiring. I have a question regarding the 1929′s stock market crash. I would really appreciate it if you could breifly explain something to me. The question is that how did a flawed capitalism of the 1920′s American economy lead to the 1929′s stock market crash? Also, what is it really meant by a flawed capitalism?

    Thanks for your time and effort!

  33. Charlie Selcer November 25, 2007 at 7:16 pm #

    I have heard it said that “American businesses are considered, as a whole, borrowers”. What does this mean?

  34. grace November 26, 2007 at 12:04 pm #

    what effect will it have on the equilibrium of price and quantity if there is a change in the regulatory environment designed to encourage greater competition in electricity generation?
    and what effect it will have if there is an inttroduction of subsidies to consumers who install green energy sources eg,solar panels?

  35. pc November 26, 2007 at 9:40 pm #

    1.What are “gain from trade ” ?
    2.To what extent is “globalisation” a cost and a benefit ?

  36. sallie November 27, 2007 at 6:46 am #

    in what ways can changes in house prices effect consumer spending, and hence an economy as a whole?

  37. emmanuel November 28, 2007 at 7:27 pm #

    1).what are the current inflationary pressures on the u.k. economy?

    2).what policies have led to low inflation over the last eight years?

  38. adaramodu shola December 1, 2007 at 1:28 pm #

    how to resolve unemployment associated with inflation

  39. Mandy December 2, 2007 at 12:25 am #

    Please can you tell me the sites where i can find graphs about the chinese economy. for example, graph about the level of employment, export sector, import sector GDP and so on.

  40. bubly December 2, 2007 at 8:03 am #

    Differace between Cost Utility Analysis and Cost Effectiveness Analysis

  41. Edward December 4, 2007 at 1:35 pm #

    hello, could you explain me why some business take the decision to stay on the short-run and not progress to the long-run? thanks

  42. clive hogan December 5, 2007 at 1:10 am #

    British Perestroika (restructuring) ?

    A number of commentators & speculators are selling the economic doom story for 2008 – as they do from time to time. In spite of this pessimism I wonder if things really are that bad.

    People say that sterling is weakening against the Swiss franc or the euro, that there is huge indebtedness in the UK and that the UK fiscal plan assumes oil prices stay high but they are now expected to come down. They say the housing mkt will go down quite a lot, that porsche dealerships are v. quiet & looking for business and there are indications that UK plc is slowing down.

    Rather than recession, I feel the UK economy has (and is) undergoing a change of economic identity. A restructuring from the aspirational Thatcherite 80s ethos of small business owners, independent suppliers and home owners (‘Essex man’) etc towards a post-1997 New Labour neo-soviet (command and control) ethos which is, for many people, a profoundly downwardly mobile experience. Where a small elite in business & government (plutocracy) own and control most of the assets which are run by cheap highly motivated labour often imported from the developing world & eastern europe. The poorly educated indigenous people are simply carried along in the wake of this process as political flotsam.

    So, rather than recession I see 10 years of economic restructuring where the position of the City of London as the home for global capital dictates all UK economic policy. ‘British Commerce’ and ‘British Industry’ will become sentimental political references rather than pillars of the economy.

  43. skyler December 5, 2007 at 7:51 am #

    in general what do commercial banks recieve their higher intrest rates from

  44. Kyle December 5, 2007 at 4:02 pm #

    Is tesco’s power a net benifit or a cost to the wider economy?

    Thanks.

  45. grace missengue December 6, 2007 at 12:57 pm #

    marian’s only wealth is a house valued at 144000 however there is a risk of soil subsidence and it could reduce the property to 16000 the chances of the property suffering is 25%.what is the fair cost of the property being insured against this risk ? and what is the most marian can be prepared to pay for insurance?

  46. Isaac December 9, 2007 at 4:02 am #

    effect for increase interest rate on country and depositors

  47. Brian December 12, 2007 at 2:25 am #

    I have 2 questions if you could help me with them I would greatly apperciate it….1 Need to create an aggregate demand -aggregate supply model and explain the impact of the U.S federal Reserve cutting intrest rates on real income (y), the level of employment (l), real wages (w/p), nominal wages (W), price level (P), and interest rates (R)?

    2. How do I explain the role of price expectations (Pe) in the labour markets and on the shape of the aggregate supply function. Need to to explain the Classical and Keynesian views on it?

  48. Michele December 12, 2007 at 6:23 pm #

    I am preparing for my economics finals next week, and had this question on one of my quizzes during week 3 and cannot figure out the solution?

    If the wage bill per unit of labor (L) is $30 and the cost of capital (K) is $200 in the short run, fill in the BLANKS in the table below.

    L TVC Q MPL APL AVC TFC TC ATC MC
    0 0
    1 4
    2 10

  49. Michele December 12, 2007 at 6:24 pm #

    Those number should have been under Labor and Quantity
    L Q
    0 0
    1 4
    2 10

  50. Dave December 12, 2007 at 9:56 pm #

    When would an increase in the money supply not result in an increase in inflation?

  51. Mandy December 14, 2007 at 8:42 pm #

    How would investment in the chinese economy increase economic growth.

  52. Rhonda December 16, 2007 at 12:52 pm #

    how does demand and supply forces affect the price of housing?

  53. john December 17, 2007 at 12:41 pm #

    i have to discuss this statement.
    The rapid Growth in Chinese economy has been caused by the introduction of free market supply side policies such as growth in the labour market, the capital goods and the goods market .

  54. kevin December 18, 2007 at 5:42 pm #

    i have to answer these questions

    (a)A perfectly competitive firm uses one variable and one fixed factor of production to make a single product. The price of the fixed factor rises by 10%, the price of the variable factor by 5% and the price of the good by 5%. In the new situation will the firm produce more, less or the same amount as it did before? Show your reasoning.

    (b)A monopolist operates under a production technology which allows the production of any output level at a constant average cost of $5 per unit. This monopolist sells into two distinct markets the demand curves for which are:

    Q1 = 55 – P1 (for market one) and Q2 = 70 – 2P2 (for market 2).

    If this monopolist operates so as to maximize total profit then calculate:

    (i) Total output;
    (ii) The quantity sold in each market;
    (iii) The price charged in each market;
    (iv) The monopolist’s total profit.

    (c) Consider a firm that operates in a monopolistically competitive market. Suppose that the firm has a long-run total cost function of the form:

    C = 0.001Q3 – 0.425Q2 + 85Q

    where Q is output and C is total cost.

    Suppose the demand curve faced by the firm is given by:

    Q = 300 – 2.5P

    Calculate the long-run equilibrium price and quantity for this firm.

    any sort of help would be greatly appreciated

  55. kevin December 19, 2007 at 2:42 am #

    im having trouble with these questions too.

    (a) Suppose that a consumer’s demand curve for good X is given by the equation: PX = 120 – √QX, where PX is the unit price and QX is the quantity purchased. Calculate the point price elasticity of demand for this good when PX = $50.

    (b) A consumer spends all their income on three goods. They buy 150 units of good X when PX = $10, 350 units of good Y when PY = $25 and 220 units of good Z when PZ = $45. Suppose the price of X increases by 10% and there is no change in the price of the other goods. In the new situation the consumer is observed to buy 377 units of Y and 205 units of Z. Calculate this consumer’s price elasticity of demand for X.

    (c) A village, which has a river running through it and in which 2,000 people live, has a produce market each week. In that market 2,400 dozen eggs are currently sold per week at a price of $1.25 per dozen. 1,200 people live on the West side of the river and at $1.25 they buy 1,600 dozen eggs. There elasticity of demand is – 1.5 at the current price. The remaining 400 people who live on the East side of the river buy 800 dozen eggs and have a demand elasticity at the current price of – 3. Calculate the elasticity of demand for the market demand curve for this town at the price of $1.25 per dozen.

    question 2

    Suppose that a firm produces good X using just one variable factor of production L (labour). Suppose the short-run production function for this firm is given by:

    QX = – 0.1L3 + 6L2 + 12L

    (QX are the tonnes of X produced per week and L in the number of people employed).

    (a) How many people are employed at the point where the average physical product of labour is maximized? How many people are employed at the point where the marginal physical product of labour is maximized?

    (b) Calculate the quantity of X being produced when average variable cost in being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how much X should the firm produce in order to maximize profit?

    (c) (If the weekly wage is $510 at what price of X will the firm be indifferent between producing and closing down? If the price of X is $10 per tonne and fixed costs are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ 36 workers?

  56. john December 19, 2007 at 1:06 pm #

    i have to discuss this statement. Please help
    The rapid Growth in Chinese economy has been caused by the introduction of free market supply side policies such as growth in the labour market, the capital goods and the goods market .

  57. kevin December 20, 2007 at 6:57 pm #

    (a) Suppose that a consumer’s demand curve for good X is given by the equation: PX = 120 – √QX, where PX is the unit price and QX is the quantity purchased. Calculate the point price elasticity of demand for this good when PX = $50.

    (b) A consumer spends all their income on three goods. They buy 150 units of good X when PX = $10, 350 units of good Y when PY = $25 and 220 units of good Z when PZ = $45. Suppose the price of X increases by 10% and there is no change in the price of the other goods. In the new situation the consumer is observed to buy 377 units of Y and 205 units of Z. Calculate this consumer’s price elasticity of demand for X.

    (c) A village, which has a river running through it and in which 2,000 people live, has a produce market each week. In that market 2,400 dozen eggs are currently sold per week at a price of $1.25 per dozen. 1,200 people live on the West side of the river and at $1.25 they buy 1,600 dozen eggs. There elasticity of demand is – 1.5 at the current price. The remaining 400 people who live on the East side of the river buy 800 dozen eggs and have a demand elasticity at the current price of – 3. Calculate the elasticity of demand for the market demand curve for this town at the price of $1.25 per dozen.

    question 2

    Suppose that a firm produces good X using just one variable factor of production L (labour). Suppose the short-run production function for this firm is given by:

    QX = – 0.1L3 + 6L2 + 12L

    (QX are the tonnes of X produced per week and L in the number of people employed).

    (a) How many people are employed at the point where the average physical product of labour is maximized? How many people are employed at the point where the marginal physical product of labour is maximized?

    (b) Calculate the quantity of X being produced when average variable cost in being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how much X should the firm produce in order to maximize profit?

    (c) (If the weekly wage is $510 at what price of X will the firm be indifferent between producing and closing down? If the price of X is $10 per tonne and fixed costs are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ 36 workers?

  58. boss December 23, 2007 at 6:13 pm #

    http://i180.photobucket.com/albums/x121/cappu0101/graph.jpg

    how can i explain this diagram ??

  59. Alex December 31, 2007 at 4:14 am #

    I was reading some of your essays about the impact of the devaluation of the dollar. At first glance, this could cause a recession in the European economy (lower inflation, lower growht). But analyzing (with the little economic knowledge i have :-P) i came up with the conclusion that:
    - Depending on the spare capacity the economy has, the falling of the dollar can have a positive long term growth. My argument is that companies will be able to produce more (buying raw materials at a lower price -assuming they are priced in dollar-) without having to pass the cost onto the consumers… Is this possible or am i wrong?
    Appreciate your help :-)

  60. Beppe January 2, 2008 at 11:34 am #

    Question : Types of Government Expenditure

  61. Tom Shaw January 3, 2008 at 1:08 am #

    Hi. I am having some problems with Economics in my first year in uni. What I would like to ask is simple really. I dont understand a question I am given….
    Q. Use economics and political theory to explain why the fire and rescue service should be provided by the state. I dont want the answer….I just dont understand what this means.

  62. JOhn Alabi January 3, 2008 at 5:02 pm #

    Explain why a fall in the exchange rate of the pound sterling is ‘needed for an improved
    balance of payments on current account, as well as for growth and jobs’

  63. grace missengue January 3, 2008 at 6:05 pm #

    A local authority wishes to reduce the use of cars in its area and is considering imposing a congestion charge as a mean of deterring the use of cars, ie every time that a car enters the area it will incur a charge .

    Using the concepts of elasticities of demand , examine what you think will be the effect on how people will travel in this area if such a charge is imposed.

  64. Katherine January 8, 2008 at 8:41 pm #

    When my class and I try to test the Marshall-Lerner condition it doesn’t always work. i.e. we assumed a country with just one export and one import and assumed their price elasticities added up to less than one. We gave each a price and quantity that led to a current account balance =0 for simplicity then assumed a devaluation of the exchange rate – on calculating the new quantities and then new current account balance IT IMPROVED. Why ? I can give the figures we worked with if that helps…or does the Marshall-Lerner condition have additional conditions?

  65. john January 9, 2008 at 3:29 pm #

    the case for and against relying on the market mechanisem to produce clean alternatives sources of energy that can replace fossil fuels such as oil and coal.

  66. grace missengue January 10, 2008 at 5:32 pm #

    (i)using indifference curves and budget lines examine the effect on an individual’s consumption of a change in income.

    (ii)provide a clear explanation of what is meant by consumer surplus Can firms reduce or eliminate consumer surplus?

  67. grace missengue January 10, 2008 at 5:34 pm #

    (i) Economists describe both short run and long run average cost curves as u shaped. Provide a brief explanation outlinig why each of these curves might be considered u shaped.

    (ii) a firm in perfect competition is making losses.Using diagrams illustrate its current and long term situations

  68. Amani January 11, 2008 at 9:51 am #

    (1) What are the monetary policy committee tools which are use to set the inflation target?
    (2) Explain what is meant by a balance of payments disequilibrium?

  69. Sabrina January 12, 2008 at 12:32 am #

    “Maintaing and expanding a nation’s stock of capital requires saving.” Evaluate and explain. Is the assumption of full employment of any relelvance?

  70. gracemissengue January 12, 2008 at 5:34 pm #

    A FIRM IN PERFECT COMPECTION IS MAKING LOSSES. uSING DIAGRAMS ILLUSTRATE ITS CURRENT AND LONG TERM SITUATIONS.

  71. gracemissengue January 12, 2008 at 5:35 pm #

    IS THE PUBLIC INTEREST BETTER SERVED BY A MONPOLY OR BY SIGNIFICANT COMPETITION BETWEEN SUPPLIERS?

  72. Joelyn January 13, 2008 at 2:07 am #

    Bill Gates and Warren Buffet are two of the richest men in the world. Does the concept of scarcity apply to them?

  73. Joelyn January 13, 2008 at 2:08 am #

    When the price of CD increased from $20 to $22, the quantity of CDs demanded decreased from 100 to 87. Waht is the price elasticity of demand for CDs? Is it demand elastic or inelastic?

  74. Joelyn January 13, 2008 at 2:09 am #

    If the industry under perfect competition faces a downward sloping demand curve, why does an individual firm face a horizontal demand curve?

  75. if i had one wish January 16, 2008 at 11:46 am #

    Explain how a change in the rate of income tax is likely to affect the size of the national income multiplier ?…………..

    …..would appreciate if you can give me the main points i should include ..thank you

  76. John January 18, 2008 at 3:28 pm #

    Explain whether Supply side policies and demand side policies have contributed to rapid growth in China.

    Can you also explain the disadvantage of using Supply and demand side policies. Thank You.

  77. James January 20, 2008 at 6:01 pm #

    what are the benefits and costs of a tariff on consumers, producers and the government?

  78. R. Brown January 21, 2008 at 10:40 am #

    It is assumed that a market is perfectly competitive and the
    current price of a product is $42.00 per case. The estimated
    marginal cost function is as follows: MC=.006Q
    (1) How many cases of the product should be produced
    in order to maximize profits?
    (2) What would happen to the product
    market if a company unilaterally raised
    prises of the product?
    (3) What would happen to the profict maximizing level of output
    if the market price of the product suddenly rose to $54.00 per
    case? Why does the level of output change?
    (4) Could a company benefit by advertising in the perfectly
    competitive market?
    (5) If a company were somehow able to monopolize the market, what
    would happen to the price of the product? Would it rise or fall?

  79. Charlee January 22, 2008 at 3:49 pm #

    I NEED HELP
    (a)What are the causes/consequences of unemployment?
    (b)Is the fiscal policy effective/the best policy to deal with unemployment?
    THANK YOU! :)

  80. Tom January 23, 2008 at 11:21 pm #

    Why the fire service is a public domain and how is the fire service a merit good

  81. Jessica January 24, 2008 at 8:43 pm #

    Hello, i’m stuck on this issue:
    With the use of a keynesian model, what are effects of an decrease in foreign incomes on UK exports? Also how does this affect the equilibrium level of income, and the balance of trade?

  82. mansoora January 26, 2008 at 10:36 pm #

    evalute the economics for and against the uk goverment futher increasing the tax on achol in order to reduce its consumption

  83. sheeree January 27, 2008 at 10:46 am #

    what are the effects of the economic decline in america to the country vietnam?

  84. Amr January 27, 2008 at 2:00 pm #

    What the benefits and the negative of reducing all taxes

  85. Amer Salhi January 27, 2008 at 8:48 pm #

    Bush proposal to freeze down rates on subprime, will this have any impact in the future regarding our economy and is it going to have political consequences?

  86. JOhn January 27, 2008 at 10:45 pm #

    What are the effects of the economic decline in America to the country China?

    Thank you

  87. Kin January 28, 2008 at 7:16 pm #

    Hi

    I think that your website is very interesting and inspiring.

    Can you please help me with the following question, I would really appreciate it.

    Explain how interest rates could be used to boost the economy. Why, then do the govenment frequently hesitate to take such steps.

    Thank you.

  88. sheeree January 30, 2008 at 7:53 am #

    does agricultural sector of vietnam affected to the happenings in the economy of vietnam?

  89. sheeree January 30, 2008 at 7:55 am #

    what will happened to the income of business sector if their is an economic decline in america?

  90. Mani January 30, 2008 at 1:38 pm #

    Does mortage equity withdrawal enhance economic growth?

  91. Zac January 30, 2008 at 8:19 pm #

    what does AD stand for in ecnomic terms??

  92. Sophie January 31, 2008 at 12:00 am #

    What are the effects of a decrease in foreign incomes on UK exports, how will this effect the equilibrium level of income and the balance of trade?

  93. Mary January 31, 2008 at 2:21 am #

    With the use of a keynesian model, what are effects of an decrease in foreign incomes on UK exports? Also how does this affect the equilibrium level of income, and the balance of trade?

  94. Sarj January 31, 2008 at 3:54 pm #

    How does the size of a country effect the economic growth rate?

  95. Amr February 1, 2008 at 5:26 pm #

    What is the benefits of reducing the curreny of some country?

  96. charles February 2, 2008 at 3:04 am #

    Essay Question:
    preambe: It was reported that in the last ten years there has been an improvement in the standard of living of the average person in Namibia.

    (a) If you were asked as an economist to show the average person in Namibia is better off than ten years ago, explain what information you would need. (12m)

    (b) Comment on the difficulties of comparing living standards between countries. (13m)

  97. laura February 2, 2008 at 6:19 pm #

    What is the relationship between average total cost and marginal cost?

  98. Jack February 3, 2008 at 8:48 am #

    Hi. Thanks a lot for your site, it’s very helpful. Here is my question.

    To what extent can the subprime crisis affect the global financial market?

  99. USama February 4, 2008 at 11:57 am #

    if there is a increase in GDP why development is unseen

  100. SN February 5, 2008 at 4:10 pm #

    Hi. we have been asked to write an essay on the effects of decrease in the foreign income in UK exports. What exactly is meant by the term ‘foreign income’. Thanks

  101. SN February 5, 2008 at 4:18 pm #

    Explain briefly the effects of a decrease in foreign income on UK exports. Then, using diagrams based on the Keynesian model, explain carefully how this affects: (i) the equililbirum level of income, and
    (ii) the balance of trase.
    Discuss what policy measures could be used to return the equilibrium level of output to its original level, and the possible limitations of these policies.

    would appreciate if u could plz help.
    Thanks

  102. bob February 7, 2008 at 5:15 pm #

    Explain briefly the effects of a decrease in foreign income on UK exports. Then, using diagrams based on the Keynesian model, explain carefully how this affects: (i) the equililbirum level of income, and
    (ii) the balance of trase.
    Discuss what policy measures could be used to return the equilibrium level of output to its original level, and the possible limitations of these policies.

    would appreciate if u could plz help.
    Thanks

  103. hermine February 9, 2008 at 3:27 am #

    is uk heading a new recession?what are the mains reasons and if so how does it defer from last one

  104. memori3s February 10, 2008 at 4:42 pm #

    Discuss the effect of a rise in investment on the economy..

  105. Diasha Pankhania February 13, 2008 at 3:36 pm #

    Which businesses are likely to benefit from a recovery in the housing market?

  106. dhavl February 18, 2008 at 9:57 am #

    why trade is good for you. : A short tour of economic theory (the economist october 3, 1998)

  107. JOHN February 21, 2008 at 5:33 pm #

    Can use please tell me where I can get a graph or chart about the recent inflation rate in china.

    it will be helpful for my coursework because I am discussing about economic growth in the chinese economy.

  108. Gemma February 24, 2008 at 3:14 pm #

    Which Financial Institutions are most exposed to a recession in the UK?

  109. Cristina February 26, 2008 at 6:48 am #

    I need help with elasticity I don’t quite understand it thanks

  110. anita March 1, 2008 at 2:25 am #

    the way in which fiscal spending inflates prices and crowds out private spending.

  111. Shanay March 1, 2008 at 11:31 am #

    what are the advantages and disadvantages of inflation???

  112. rick March 1, 2008 at 10:39 pm #

    What will the Federal Open Market Committee do with the Federal funds rate at their March 18, 2008 meeting?
    1. The FOMC will reduce the Federal funds rate by one-half point or more.

    2. The FOMC will reduce the Federal funds rate by one-quarter point.

    3. The FOMC will leave the Federal funds rate unchanged.

    4. The FOMC will increase the Federal funds rate by one-quarter point.

    5. The FOMC will increase the Federal funds rate by one-half point or more.

    I think it is #3. Inflation concerns will keep them from lowering rates further, growth concerns will keep them from raising rates.
    I am not too sure my answer, so i’m looking for some input, thanks

  113. karan March 1, 2008 at 10:57 pm #

    hi,

    how the unemployment and inflation is related to country’s economy

    plzz describe me in detail with some lively examples of the world
    thanks a lot

  114. Alice March 2, 2008 at 1:28 pm #

    Hi
    I’m studying A2 economics (edexcel).
    Here is the essay title : EVALUATE THE LIKELY ECONOMIC EFFECTS OF A FALL IN THE UK’S COMPETITIVENESS.
    I know some points, such as deficit on current account, slower economics growth etc. However, i don’t know how to evaluate and write a conclusion on this one. Can you please help me?
    Thank you, your blog is really helpful

  115. Roger March 2, 2008 at 4:24 pm #

    What is the benefits of monopoly.Identify and explain these benefits that brings to the market.

    I need examples related to the benefits too.
    Plz help thx….

  116. Sharon March 3, 2008 at 11:52 am #

    how do countries solve their economic problem?

  117. adam athif March 9, 2008 at 10:31 am #

    what would be tha price elasticity of supply of new housing?

  118. Ariel March 12, 2008 at 2:22 pm #

    what are the consequences of competition between supermarket affliated petrol stations and independent petrol retailers ?

    -thanks-

  119. tom March 13, 2008 at 8:09 pm #

    Hey there,

    I read in a text book that under a floating exchange rate a “devaluation” is not possible as a means of improving international competitiveness but a “depreciation” is. Could you please explain to me what a depreciation is as opposed to a devaluation.

    Thanks so much

  120. MAndy March 17, 2008 at 3:25 pm #

    Evaluate the possible consequences of a falling rate of inflation for the performance of
    the UK economy.

  121. Dona March 18, 2008 at 11:47 am #

    What do you think would happen if all depositors of a bank requested their deposits?

  122. ally March 18, 2008 at 1:33 pm #

    should the government build houses itself, encourage the private sector to build more houses, or play no part in the housing mkt at all? (justify your answer)

    help please :)

  123. Jason March 20, 2008 at 12:07 am #

    Explain how monetary policy works under an inflation targeting Regime.

  124. Kim March 20, 2008 at 12:15 am #

    When would you want to own a business that sells price-elastic products? Why?

  125. Ali Shah March 23, 2008 at 5:35 pm #

    Explain with the help of diagrams the equilibrium of a firm having monopoly power in the market in the short-run and long-run?

  126. JOhnny boy March 25, 2008 at 3:01 pm #

    (A) Explain the Meaning of price discrimination and the conditions necessary for price discrimination to take place.

    (B) Evaluate the view that, Because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination.

  127. Mike Henderson March 26, 2008 at 12:30 am #

    To pay you to teach me Economics through Cherwell Tutors will cost me about £45. If I instead advertise in the tutorial section at Daily Information I can probably get you (or equivalent) at £18.

    Is this an example of market failure?

  128. Amani March 26, 2008 at 12:10 pm #

    i want to know what topics to study for unit 5 edexcel economis?which are the important ones?

  129. Jonathan March 26, 2008 at 6:15 pm #

    Will an extra $20 billion per year spent on housing have the same impact on the economy as an extra $20 billion spent on interstate highways?

  130. Amy March 28, 2008 at 1:03 pm #

    Outline the technique of cost benefit analysis. How can it be applied to the assessment of investment in education projects and what are its strengths and weaknesses?

  131. kentishEconomist March 29, 2008 at 2:26 am #

    What credit can the adoption of central bank independence take for the relative stability of the UK business cycle since 1997?

  132. Hiten March 29, 2008 at 8:58 pm #

    What are the consequences for Ghana if it is dependent on primary products?

  133. kelly adviser March 30, 2008 at 3:12 pm #

    with econonmic scare, do you advise to invest? how do you predict inflation and interest rates will affect business?

  134. Kristeen March 30, 2008 at 3:49 pm #

    Am I correct in assuming that electricity is an inelastic supply? Oil is in short demand, there are not many green/low emission replenishable supplies and in the short run this would explain the continued increase in prices for the consumer.

  135. LaToya Calvo March 30, 2008 at 10:33 pm #

    How does the Wheel of Income and the National Income Accounting relate to each other and to the Government and Foreign Sector components? How does all this fit on a Wheel of Income?

  136. LaToya Calvo March 30, 2008 at 10:42 pm #

    How do business cycles impact the economy? What are the causes of business cycles of expansion and contraction? How can the Demand pull inflation and Cost push inflation occur? Explain the effects of inflation and how inflation and unemployment are interrelated. What is the NRU? What is the Structural Unemployment? If you are structurally unemployed, do you expect your jobs will come back? No! If you lose jobs to robotics at the automobile plant, are you then structurally unemployed or frictionally unemployed?

  137. LaToya Calvo March 31, 2008 at 3:13 am #

    Why do we need to save more? What influences our consumption? How much can our spending create the multiplier effects on the economy? Why have businesses left it to the consumer to carry the nation recently? What are Aggregate Demand (AD) and Aggregate Supply (AS)? Why does the economy operate below full-employment GDP in the short run. What is the long Run AS ?

  138. LaToya Calvo March 31, 2008 at 3:16 am #

    How we get to examine government spending (G) and taxes (T) and Foreign Sector spending? What influences these? What impact do they have on the economy? How is the tax multiplier working? What are the Automatic Stabilizers? Expansionary Fiscal policy–what is that? How does it work?

  139. Mike Henderson March 31, 2008 at 5:28 pm #

    If inflation is too much money, too few goods then ho come…..Zimbabwe has the world’s highest inflation rate, at more than 100,000%, and just one adult in five is believed to have a regular job?

    With no job, no money so no demand so…why inflation?

  140. Jenni T. April 1, 2008 at 3:03 pm #

    In early American banking history, banks would issue banknotes to patrons that were supposed to be backed by gold and silver. My questions is, what did the patrons give the banks to get the bank notes, and why were many banks unable to make payment on demand when the patrons tried to exchange their notes?

  141. Mapepe April 2, 2008 at 5:16 am #

    Hello Economists,

    I am really having troubles with this question. I need help, and as soon as possible, i mean like i need it for tomorrow morning.

    suppose you are the governor of the bank of canada .. and that inflation has been high and roughly constant for a number of years. you have two policy choices : you can attempt to eliminate the sustained inflation . Outline the issues involved when making this choice. list and explain the costs of ongoing inflation, and also the costs of a potential disinflation. explain how you make your policy decision.

    Thank you my dearest friend. If I got an answer, I’m sending you a gift by FedEX!

  142. Ruth April 2, 2008 at 11:57 am #

    why should nominal GDP be corrected for the effects of inflation?

    aaaaa

  143. Phillip April 3, 2008 at 4:11 pm #

    Asses the impact of a decline in state pensions on income distribution, wages and income inequality for people aged 60 or above?

  144. Todi April 4, 2008 at 3:01 pm #

    evaluate the view that the most effective way to reduce poverty is to increase significantly the state pension.

  145. Scerif April 4, 2008 at 11:31 pm #

    My Question is:
    Outline and explain the demand and supply factors in the economic environment that a business specializing in retailing designer baby clothes would need to monitor?
    Please. Thank you

  146. James Sherlock April 6, 2008 at 2:46 pm #

    Does low inflation always mean low interest rates?

  147. omair April 6, 2008 at 6:59 pm #

    A huge current account deficit can seriously affect the economic well being of any country, big or small. Discuss this statement and offer some policy advises to the governemnts in countries which suffer from this.

  148. David Brewster April 7, 2008 at 2:26 am #

    Is there an economic term for the phenomenon of ignoring (or turning a blind eye to) future risk, assuming that the current situation will prevail?

    I refer to the situation we currently see of both borrowers and lenders who are being caught by interest rate rises, having seemingly assumed that interest rates would stay low.

  149. Todi April 7, 2008 at 2:31 pm #

    Evaluate the view that trade union raise wages for their member only at the expense of jobs.

  150. Isabella April 7, 2008 at 6:54 pm #

    Im trying to find out how to estimate the regression of y on x using the linear probability model for within-group regression and random effects regression? Thanks

  151. Brian April 7, 2008 at 10:50 pm #

    Why do foreigners often hold U.S. dollars? How does the holding of dollars by foreigners affect the welfare of American?

  152. constantinos April 8, 2008 at 8:00 am #

    assess advantages and disadvantages for vertical integration

  153. Robert April 8, 2008 at 6:30 pm #

    Consider the view that leaving the economy to private enterprise and the market system is more likely to lead to recessions and instability than to sustained economic growth.

  154. baby April 8, 2008 at 10:46 pm #

    what is the difference between disguised unemployment and involuntary unemployment

  155. baby April 8, 2008 at 11:00 pm #

    what is gross domestic income

  156. Hussain Mehdi April 11, 2008 at 11:58 am #

    discuss in detail with reference to pakistani economy the micro and macro economic in relation to economic planning,policies,unemploment,inflation and the globle economic growth and development explain with all related concern with suitable examples?

  157. Raman April 13, 2008 at 6:39 am #

    1)what is inflation,How it is calculated and impact on economy if it bit increases or decreases.2)what is repo and reverse repo rate and its effect on inflatoin

  158. Thomas April 17, 2008 at 5:59 pm #

    When Growth Slowdown, what negative thing can happen?

  159. Tracy April 17, 2008 at 6:01 pm #

    When exchange rate goes down, what psotive thing can happen?

  160. david April 17, 2008 at 6:28 pm #

    What is the difference between reducing the rate of unemployment below the natural rate and reducing the natural rate of unemployment? Are the government fiscal policies the same?

  161. kevino April 20, 2008 at 9:12 am #

    (a) Suppose that a monopolist faces the demand curve QD = 12 – P. For this monopolist (i) work out TR at each price from $12 to $0; (ii) work out MR; (iii) plot the demand and MR curves on the same graph; and (iv) calculate MR when P = $10, $6, $2.

    b) Suppose the monopolist described in part (a), faces a Total Cost situation given by the data in the following table:

    _____________
    Q TC
    _____________

    0 10
    1 17
    2 18
    3 21
    4 30
    5 48
    _____________

    Plot the Total Revenue and Total cost Curve for this monopolist. From this graph work out firms profit maximizing output level. What is the total profit at this output level?

    (10 Marks) (c) Suppose the demand curve faced by the monopolist described in parts (a) and (b) above becomes QD = 5 – ½P. If nothing happens to its costs, will this firm continue to operate in the short-run? Explain your answer

  162. Lynn April 23, 2008 at 4:31 pm #

    Hi there, hope that you can help me please…

    My first question is:-

    1> explain why two sectors of the UK economy are growing faster than other sectors ?

    and

    2> explain how economists define ‘full employment’?

    and last one

    3> explain 3 different ways in which full employment can occur and identify any dissadvantages of each?

    Thank you very much in advance

  163. Todi April 24, 2008 at 10:55 am #

    Assess the case for and against the government intervening to raise the disposable income of
    workers on low pay.

  164. Kevin April 24, 2008 at 8:02 pm #

    What economic variables that can be affected positively by the economic slowdown. What are the effect of the economic variables that may be affected positively due to the economic slowdown???

  165. FH April 25, 2008 at 4:09 am #

    help me please
    1. neo colonialism and commodity trade is one of the factors contributing to the changing patterns of world trade. What does this mean.

    2. Explain the effects of trading bloc on member and non member countries.

  166. Tulo April 25, 2008 at 10:00 am #

    Can you please differentiate between the causes of once-off inflation and sustained inflation?.

  167. Mable April 25, 2008 at 11:05 pm #

    Due to economic slowdown, when Inflation Happen, what good things can happen?

  168. Mark April 26, 2008 at 5:36 pm #

    Help please
    Explain the main factors which affect population size.

  169. Mark April 26, 2008 at 5:38 pm #

    Plz help
    Explain the main factors affecting population size.

  170. Tori April 26, 2008 at 10:53 pm #

    What effect has the Euro had on consumer spending in the UK?

  171. mohammed April 28, 2008 at 3:52 am #

    i am thinking of doing economics,
    but i am not sure what subjects i need to do well at school and what kind of posibilities and challenges are there to face. also what kind of of econpomics are there to choose from and which one is ok for a young man who is in year 10 and is preparing for the path ahead of him. plz help me achieve my goals.

  172. John April 28, 2008 at 3:06 pm #

    Before investing in the development of Concorde, the United Kingdom government decided
    against undertaking a cost benefit analysis of the project.
    Using your economic knowledge, evaluate the case for and against a government
    undertaking cost benefit analysis of projects such as Concorde

  173. Eve April 28, 2008 at 3:34 pm #

    Hi there,

    Thank you for your website, it has certainly helped me in understanding various aspects of ecnomics alot better.

    Please can you help me with these questions.

    a)An explanation of supply-side economics.

    b)The remedies supply-side economists 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

    Thank you for your time, greatly appreciated… :-)

  174. Kim April 28, 2008 at 7:25 pm #

    Regarding fuel duties which one is correct:

    1) The UK, France, Italy and Germany are all members of the EU and therefore charge a uniform EU rate of duty equal to 67% of the purchase price of each litre of unleaded petrol

    2) The rate of fuel duty levied in Japan is almost twice that charged in either Germany or France thus giving Japanese motor manufacturers a great incentive to produce small, efficient vehicles

    3) From the following list of countries: Italy, France, Germany and Canada, France has the highest fuel duty.

    Thanks for all your help!

  175. Mir Mohsin May 1, 2008 at 1:54 pm #

    How much US economic policies are responsible for its current account deficit?

  176. krsytia May 3, 2008 at 11:26 pm #

    Which of the following, other things the same, would make the price level decrease and real GDP increase?

    A. long-run aggregate supply shifts right
    B. long-run aggregate supply shifts left
    C. aggregate demand shifts right
    D. aggregate demand shifts left

    thanks for the help

  177. James May 4, 2008 at 4:12 pm #

    “To what extent can government use demand management policies to reduce unemployment without affecting inflation?” (60)

    can you please help me with this essay

  178. Francesca May 5, 2008 at 6:55 pm #

    Explain the applicability of Harod-Domar model to LDCs and its limiting factors during application.

  179. ADEYEMI May 5, 2008 at 9:55 pm #

    Hi please i will like you to help me on how stock exchange can help in increase in GDP of an economy .Thanks for the essay

  180. ADEYEMI May 5, 2008 at 10:03 pm #

    hi if a country face food scarcity what solution should the economist render thanks.

  181. watho May 6, 2008 at 8:57 pm #

    Hi,can you help me examine the applicability of the harod-domar theory to developing countries and its limitations during application

  182. john May 8, 2008 at 3:31 pm #

    2 (a) Explain the possible advantages of privatisation. (20 marks)

  183. Arjun May 16, 2008 at 11:52 am #

    please could you explain to me what is meant by welfare loss and how it is shown on a diagram?

  184. nazianah.. May 16, 2008 at 6:08 pm #

    what is consumer surplus??

  185. Rom May 17, 2008 at 11:57 pm #

    Discuss the economics reasons why there is high unemployment rate in 16-18 year old workers. (10 marks)

  186. Danielle May 21, 2008 at 9:41 am #

    how can the fall in general public spending affect a business?????

  187. Ahmad Al Madlouh May 23, 2008 at 10:24 pm #

    Hello

    I am a business student and I would like to know how does the concept of price elasticity of demand help the government when setting indirect taxes?

  188. Nicole May 24, 2008 at 6:10 am #

    what is the contribution of Information Technology towards economy in country?thanks

  189. Eco student May 24, 2008 at 8:20 pm #

    to what extent would you consider that the european car industry has benefited from the impact of globalization and greater free trade? explain fully the reasons for your evaluation?…..

    thank you …..

  190. Amar May 25, 2008 at 5:33 pm #

    Year GDP $ Billion CPI
    at constant (Year 1=100)
    prices

    1 181.2 100
    2 185.6 105.3
    3 192.3 107.5
    4 199.5 109.2
    5 206.8 110.4
    6 213.2 113.2
    7 218.5 117.2
    8 225.4 120.3
    9 234.5 125.6
    10 245.5 131

    Year Unemployment rate

    1
    2 6.2
    3 5.9
    4 5.4
    5 5.7
    6 6.3
    7 6.7
    8 6.3
    9 6
    10 4.9

    ***FIGRUES FROM: YEAR ONE TO TEN***

    Private Official Industrial
    business interest production
    investment rates (%p.a) (Year 1 = 100)
    $ billion

    30.61 4.5 100
    32.12 4.25 104.2
    31.78 4.25 110.6
    32.56 4.25 116.2
    32.45 4.5 119.3
    33.12 4.25 118.5
    40.25 4.5 120.8
    44.85 4.75 124.3
    49.35 5.25 130.2
    56.84 5.75 136.7

    ****FIGURES FROM YEAR ONE TO TEN****

    Motor vehicle Book value
    sales of inventories
    (’000) (retail)
    $ million)

    341 840
    345 858
    356 866
    365 872
    380 893
    379 957
    382 965
    394 965
    445 967
    513 961

    (a) Draw conclusions as to the state of the economy in Year 10, justifying your analysis by reference to the data provided.

    (b) Recommend appropriate demand management policy measures to the government of australia of the day

  191. M May 25, 2008 at 6:58 pm #

    What are the key economice diagrams for 2882 and 2881 and what does COBA stand for in Economics 2882

  192. Amar May 26, 2008 at 2:33 pm #

    Recommend appropriate demand management policy measures to the government
    Thnk u

  193. raj May 26, 2008 at 6:16 pm #

    Draw a graph showing that what is demand management policy…? and how does it help the government to measure demand management policy.?

    cheers

  194. Todi May 27, 2008 at 4:16 pm #

    Explain the terms monetary policy’ and ‘fiscal policy’ and compare the ways in
    which they influence the UK economy

  195. tomad May 27, 2008 at 6:29 pm #

    Hi there,

    This is quite a difficult question, but could u please suggest ways inwhich i could improve my general analysis of economic theory. How many lines say, should i aim to write when analysing a theory?

  196. Mandy May 28, 2008 at 10:32 am #

    Evaluate the view that the separation of ownership from control in large firms inevitably causes
    diseconomies of scale.

  197. HELPPPP May 28, 2008 at 9:42 pm #

    Why should one be cautious in using per capita GDP as a means of comparing standards of living?

    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).

    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.

    4. Explain why the Canadian Economy can be identified as a mixed market economy.

    5. Explain how both inflation and deflation negatively affect a country’s economy.

    6. List and briefly describe the positive and negative attributes of multinational corporations.

  198. HELPPPPPPP May 28, 2008 at 9:49 pm #

    Why should one be cautious in using per capita GDP as a means of comparing standards of living?

    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).

    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.

    4. Explain why the Canadian Economy can be identified as a mixed market economy.

    5. Explain how both inflation and deflation negatively affect a country’s economy.

    6. List and briefly describe the positive and negative attributes of multinational corporations.

  199. HELPPPPP May 28, 2008 at 9:51 pm #

    Choose two of the following questions. Provide full responses using your economic background from the course. Provide detailed information to justify and clarify your responses. Use complete sentences and cite all sources used.

    1. Explain what the costs of economic development to the Earth and its environment are. In relation to the course material, discuss various Canadian and/or international responses to the issue of sustainable development. Does current Canadian Economic Policy reflect any of Thomas Malthus’ theories of growth?

    2. The Kyoto Accord is an international ‘treaty’ to reduce greenhouse gases globally. In Canada, it has been determined that following this treaty will damage the economy. How is this so? Outline and describe how this would happen. Is there an alternative?

    3. “Money has steadily become more abstract.” Explain this statement with
    reference to the past, present and future of money.

  200. HELPPPPP May 28, 2008 at 9:52 pm #

    1. Why should one be cautious in using per capita GDP as a means of comparing standards of living?
    2. From an economic perspective, provide an explanation of the following quotation: “In an underdeveloped country, don’t drink the water; in a developed country, don’t breathe the air.” (Jonathan Raban, 1976).
    3. Compare Freidman’s view on the best way to stimulate the economy with that of
    Keynes. Whose views do you think are most correct? Explain why.
    4. Explain why the Canadian Economy can be identified as a mixed market economy.
    5. Explain how both inflation and deflation negatively affect a country’s economy.
    6. List and briefly describe the positive and negative attributes of multinational corporations.

  201. Stephanie May 30, 2008 at 11:47 am #

    Discuss the likely economic impact on absolute and relative poverty of China’s rapid economic growth?

  202. Todi May 30, 2008 at 1:27 pm #

    Explain the distinction between “real GDP growth and the “trend rate of growth” (6marks)

  203. TsuChong May 30, 2008 at 2:36 pm #

    Hi there. Found this side on google.

    Here’s my question. What’s the relationship between a company’s economy and it’s stock market?

    Is it always true that the stock market reflects a country’s economic conditions?

    Thanks.

  204. Stephanie June 2, 2008 at 5:46 am #

    To what extent is it necessary for the government in a developing country over-reliant on tourism to consider the expension or agriculture and manufacturing?

  205. Mandy June 2, 2008 at 9:11 am #

    Using your economic knowledge, assess the possible consequences of a decision by
    the UK government not to join the European single currency within the next decade.
    (30 marks)

  206. serene June 2, 2008 at 11:08 am #

    why is political stability needed to attract FDI?

  207. EDDY June 3, 2008 at 5:27 pm #

    How do I send you a coffee ?? What does the postal address mean ? it’s your address or mine ? if yours, so what is your address ?

  208. EDDY June 3, 2008 at 10:53 pm #

    This one is about flexibility in the labour market . I am wondering why globalisation have made a contribution to the increase in flexibility . Is it becoz firms face a fierce competition so they have to hire workers only when they need them ? I dont know whether thats the proper explanation ~ Thanks ^^

  209. Stephanie June 6, 2008 at 9:33 pm #

    for many years american referred to people’s republic of china as communist. Why would that label be misleading today?

  210. Stephanie June 6, 2008 at 9:35 pm #

    how far has china evolved into a market economy? To what degree has this evolution contributed to china’s economic growth?

  211. Mandy June 7, 2008 at 11:09 pm #

    Tax changes in recent years have brought a significant increase in tax burden in the uk expressed as a percentage of GDP. Can you please assess the possible impact of such an increase.

  212. Johnny Boy June 8, 2008 at 11:28 pm #

    Do you agree that there is no need for competition policy? justify your answer.

  213. Mandy June 9, 2008 at 8:54 pm #

    Can you please predict questions on Unit 6.

  214. ElleneLolla June 15, 2008 at 6:41 am #

    How will distance affect global trading?

  215. marz June 16, 2008 at 4:57 am #

    what are the importance of economics? in our life and in our country?

  216. Blur June 16, 2008 at 2:57 pm #

    Expansionary stance of monetary policy will lead to a lower interest rate thus discouraging hot money (portfolio I) leading to less outflow of Y and improve CAD. (based on lecturer’s notes)

    Doesn’t the discouraging of portfolio I lead to spending more than S and Outflow>inflow thus leading to worsening of CAD???

    I’m awfully confuse now. Please clarify and thank you.

  217. Blur June 17, 2008 at 2:22 pm #

    From my previous question on 06.16.08 at 2.57pm, CAD refers to Current Account Deficits. Regardless to say the answer was helpful.

    The monetary policy is the control of interest rate with buying or selling of securities through open market operation (OMO).

    How does the OMO process works when the Government buys securities from public to decrease interest rate (r/i)?

    Based on my opinion from my lecture notes, the Government buys securities from public through RBA (Reserve Bank of Australia).

    The RBA will buy securities from the commercial bank. This will cause the supply of money in the ESA (exchange settlement account) to increase. The supply of money is put into the cash market thus causing the cash rate and r/i to decrease.

    Is the OMO process correct? If it is not please explain and thank you.

  218. victor June 18, 2008 at 8:58 am #

    How has homelessnes increase in past two decades/

  219. Ryan June 18, 2008 at 11:41 am #

    Can you please answer me this question..

    How is the market of raw coffee determined on the world commodity markets?

  220. misho June 21, 2008 at 10:12 pm #

    how do markets and the price system help the economic sectors to solve the problem of scarcity ? cite examples of good and not-so-good solutions to the economic problem (scarcity)

  221. maprang June 28, 2008 at 7:39 pm #

    1.Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support requiring airbags? What normative reasoning is used?
    2. Explain why a new forklift sold for use in a warehouse is a final good even though it is fixed investment (capital) used to produce other goods. Is there a double-counting problem if this sale is added to GDP?
    pls help me

  222. Marcelo June 30, 2008 at 3:03 am #

    A company issues stock and sells it in a primary market at a fixed price. In that case, do fluctuations in the stock market affect specific companies? In other words, when the stock value of company crashes, is that company affected at all?
    As well, how does the stock market affect the economy? I understand the purpose it serves in raising funds for companies but not the role it plays for the investors? Anything to do with saving?
    Sorry if it is confusing… Any sort of help would be greatly appreciated.

  223. Adrian July 1, 2008 at 8:07 am #

    Suggest how the current economic policy of India has reduced unemployment in the present scenario

  224. Joy July 5, 2008 at 12:20 am #

    What economic factors should I consider if I want to know the relationship between innovation and the presence of patents/copyrights? Do copyright/patents (generally Intellectual Property Rights) stifle innovation? Does it slow down economic growth?

  225. Steve July 5, 2008 at 11:47 am #

    Hey,

    I’m currently looking at stagflation in the mid 1970s in the UK, and the policies the then-Government undertook to solve the economic crisis.

    Was the Government right to widen the budget deficit 1974-5 in order to stimulate demand, or should it have run less expansionary policies to temper the effect of rising prices?

    Was there any policies the Government could have enacted to try and reduce both the rate of inflation and unemployment simultaniously?

  226. Shaura July 20, 2008 at 4:54 am #

    1.) Using Supply and Demand curves, illustrate the effects of a price floor that is set above the equilibrium market price. Also, briefly explain what happens. Does a shortage or a surplus result from this government policy? (40% of assignment grade)

    2.) Using Supply and Demand curves, illustrate the effects of this tax on sellers. Assume the demand is very inelastic and the supply is very elastic. Using your graph, explain who will actually pay most of the tax burden (buyers or sellers?). You do not have to calculate slopes, intercepts, or elasticities. Just illustrate the tax burden and explain who will pay most of it. (40% of assignment grade)

    3.) As we discussed in class, the minimum wage is a mixed blessing. On one hand, people who have low wage jobs will undoubtedly benefit. But, the minimum wage makes it more difficult for businesses to hire and retain new workers. It may also lead to greater unemployment, as businesses are forced to lay off some of their workers. In your opinion, is this trade off worth it? Should the government increase the minimum wage? (20% of assignment grade)

  227. Hina July 23, 2008 at 1:36 am #

    Can you suggest economics empirical thesis about patents, copyrights, and innovation? Any possible data sources?

  228. Kapil Gautam July 23, 2008 at 12:02 pm #

    Least developed countries are not benifited by the foreign loan. however, the amount of best stock is increasing in these countries. What would be the measures to control foreign debt? and why such countries are not benified from foreign debt?
    Pls i would be highly appreciated u gives the answer.

  229. mqueen July 26, 2008 at 8:33 am #

    what is the answer for the advantages and disadvantages of price control????

  230. Sebastian Yap July 27, 2008 at 3:56 pm #

    USA’s trade deficit with China was $201.6 billion in 2005, an all-time high for a trade deficit with any country. Explain some possible causes of a balance of trade deficit and consider if USA should be concerned over its trade deficit with China.

  231. fina July 29, 2008 at 10:44 am #

    structural vector autoregression model

  232. Rick July 31, 2008 at 11:26 pm #

    When building an all-electric home, the power company advises that an extra $3,000 spent initially for insulation and other energy-saving devices will reduce your electric bills from $250 per month to $200 per month. Using a discount rate of 8%, and assuming you stay in the house 8 years, is this a good deal?

  233. cece August 3, 2008 at 5:13 pm #

    1. how do different types of economy address the economic problem?
    2. explain what is meant by the short run and long run in economics. how does the concept of diminishing returns affect costs in the short run,and why is it not an issue in the long run?
    3. Discuss, with examples, the most common types of market in the UK today?

  234. Adrian Wright August 4, 2008 at 9:50 am #

    How could you calculate the price elasticity of demand for petrol in the united states when the figure is 0.48.

  235. Adrian Wright August 4, 2008 at 11:02 pm #

    Market research on retail petrol prices in new zealand and the relationship of price elasticity and market power with diagrams.Please explain.

  236. Laura August 5, 2008 at 12:12 pm #

    I am due to sit an exam in a few weeks and have been given the complusory question about the topic of:

    “Business Strategy and the Strategic planning process within your organisation”

    Do you know how i would go about answering this question- i am currently working for a manufacturing Global company called Smurfit Kappa who specialise in the paper and packaging industry.
    Any help would be greatly appreciated.

  237. Rachel August 12, 2008 at 4:16 pm #

    Explain how the abolition of property in land and application of all rents of land to public purposes would affect the US economy and society in general? Marx thought these changes would make society more egalitarian. What do you think? Do you agree? Explain.

  238. Chime August 14, 2008 at 11:30 am #

    The main objectives of government macroeconomic policy are often asserted to be full employment, stable prices, balance of payments equilibrium and a high growth rate. Consider some of the difficulties facing a government in its attempts to attain these objectives simultaneously.
    [25m]

    Thank you.

  239. carol martyn August 15, 2008 at 2:31 pm #

    I would greatly appreciate it if you could answer the following questions

    What are the effects of increased investment on aggregate demand in the short term and the long term

    Account for the estimated 3.8 million increase in the number of new houses needed over the next 15 years in the UK

    Thank you for your time

  240. Lyndsey August 17, 2008 at 12:30 pm #

    Hello im stuck on finding information on the modern state and forces of demand and supply can u help me? thanks

  241. Bashan August 21, 2008 at 5:43 pm #

    Who has read the book Naked Economics: Undressing the Dismal Science by Charles Wheelan or The World that Trade Created by Steven Topik???

  242. Angus August 24, 2008 at 7:07 pm #

    If planned aggregate expenditure (PAE) in an economy equals 2000 + .8Y and potential output (Y*) equals 9000, then this economy has:

    a. an expansionary gap.
    b. a recessionary gap.
    c. no output gap.
    d. no autonomous expenditure.

    Which one is the answer?

    And also this:
    If the natural rate of unemployment equals 6% and the actual rate of unemployment equals 5%, then the unemployment rate due to cyclical unemployment equals:

    a. -1%.
    b. 1%.
    c. 10%.
    d. 12%.

  243. Magesh August 25, 2008 at 6:39 am #

    Please explain the following
    ” what do you understand when a country’s economy shows negative economic growth coupled with strong persistant inflationary pressure.Kindly suggest me the policy options available to eliminate or reduce the adverse effects this situation may have on the economy.
    Kindly analyse Fiscal policy,Monetary policy and Do nothing policy and give your thoughts on which policy is the best one.

  244. Magesh August 25, 2008 at 6:40 am #

    Please explain about Stagflation and its role in unemployment and prices rising.

    Your help is much appreciated!!! Thanks.

  245. Sanyu August 26, 2008 at 1:45 pm #

    examine the different types of unemployement as they occur in developed and less developed countries and their causes.

    And for what reasons do you consider that the scope for domestic demand management on keynesian lines will be limited in less developed countries.

  246. adham August 28, 2008 at 7:58 pm #

    i want to know after i graduate from college in what job i will work

  247. Akina August 29, 2008 at 3:16 am #

    Suppose that a firm produces good X using just one variable factor of production L (labour). Suppose the short-run production function for this firm is given by:

    QX = – 0.1L3 + 6L2 + 12L

    (QX are the tonnes of X produced per week and L in the number of people employed).

    (a) (10 marks) How many people are employed at the point where the average physical product of labour is maximized? How many people are employed at the point where the marginal physical product of labour is maximized?

    (b) (10 marks) Calculate the quantity of X being produced when average variable cost in being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how much X should the firm produce in order to maximize profit?

    (c) (10 marks) If the weekly wage is $510 at what price of X will the firm be indifferent between producing and closing down? If the price of X is $10 per tonne and fixed costs are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ 36 workers?

  248. Jake September 4, 2008 at 7:52 am #

    trade unions are responsible for providing australian workers with some of the best work conditions in the world

  249. Gee September 5, 2008 at 12:52 am #

    Explain why firms experience dimishing returns in the short run.

  250. Taylor September 9, 2008 at 12:25 am #

    According to Emerson: “want is a growing giant whom the coat of Have was never large enough to cover.” According to economist, why does “want” exceed “have”?

  251. Ablo September 14, 2008 at 2:53 am #

    Can you explain what does it mean by excess capacity theorem in a monopolist competitive market? Why long-run equilibrium is attained not at the lowest average cost?Thanks a lot=)

  252. hiiiiiiiiiiiiii........ September 18, 2008 at 9:05 pm #

    1. In a market economy, the market mechanism can achieve all the following except
    A. Signaling changes in consumer tastes.
    B. Causing supply to respond to changes in demand.
    C. Eliminating excess supply and demand.
    D. Ensuring a fair distribution of all types of goods.

    2.All other things being equal, if strawberries and cream are complementary goods, a fall in the price of strawberries will
    A. Shift the demand curve for strawberries to the right.
    B. Causes movements along the demand curve for cream.
    C. Shifts the demand curve for cream to the right.

    3. If the price elasticity of demand for butter is -2, a 1% decrease in the price of butter will
    A. Reduce the quantity demanded by half.
    B. Increases the quantity demanded by 2%.
    C. Increase the quantity demanded by 0.5%.
    D. Double the quantity demanded.

    i want the answers for those multiple choice questions and i will be thankful to you if u tell me y those answers are correct……. bi… Tc…..:-)

  253. hiiiiiiiiiiiiii........ September 19, 2008 at 11:05 am #

    hey y could not find answers for the questions which i asked before… from where i can find the questions answers?????

  254. Liz September 21, 2008 at 4:06 am #

    1. The Washington Post featured an article about aging baby boomers’ changing preferences regarding work and leisure. Youthful ambition for money and power is giving way to a mature desire for “quality of life”.
    “There’s more of an interest in having a balance between work and life,” said Linda Fisher, research director at the AARP. “Part of that is because there are increasing numbers of boomers who have not only children to take care of, but who also have issues with aging parents who need care….Ten years ago, I wanted money, and I wanted the ability to sort of make a name for myself. Personal recognition was incredibly important to me,” she recalls. “Now my goal isn’t money as much, and personal recognition isn’t as important.” (Singhania, Lisa, “Boomers Weigh Work Tradeoffs; Some Focus on Flex Time and Values; Others Seek Security.” The Washington Post December 29, 2002: A23.)
    a. Assume the indifference curve to the right represents the preferences of the worker when he or she was young. Draw a new indifference curve in the diagram to illustrate how the worker’s preferences between work and leisure change once he or she is old.

    b. Consider the following job options: The first is a low-wage job paying $10 per hour. This low-wage job provides flexibility in that the worker can choose the number of hours worked per week. The second is a high wage job, paying $15 per hour. Accepting the high-wage job, however, means a commitment to at least 40 hours of work per week. So it is not possible to accept the high-wage job and then work 20 hours a week (and thereby enjoy 148 hours of leisure). Draw and label these two budget lines on a graph with leisure (hours per week) on the x-axis and income (dollars per week) on the y-axis.
    c. By drawing a set of indifference curve on the figure, show that a person with a sufficiently strong liking for leisure will choose to work at the low-wage job rather than the high-wage job.

  255. Faisal October 5, 2008 at 2:24 am #

    why does a firm prefer to remain small??

  256. lynn October 5, 2008 at 1:25 pm #

    how to solved unemployment by tools of monetary policy

  257. doris October 7, 2008 at 2:52 pm #

    Explain why the following example is not a perfectly competitive industry and be sure to justify your answer: Even though one firm produces a large portion of the industry’s total output, there are many firms in the industry, and their products are indistinguishable. Firms can easily exit and enter the industry.

  258. Amber October 9, 2008 at 7:27 pm #

    Assuming that corporate executives are to blame for the current financial crisis, what would be some of the reasons why they are to blame?

  259. pieter October 13, 2008 at 2:58 pm #

    My professor asked me to write a thesis regarding the accession of Bulgaria into the EMU.

    The thesis has to be based on the interplay/conflicts of Maastricht criteria vs. Optimum Currency Areas (OCA) theory. The thesis also has to incorporate regressions based on secondary data.
    I am lost, even though I looked at the theories again. Please help me formulate a research question!

  260. kakawhite October 14, 2008 at 2:39 am #

    Using the simple Keynesian macromodel to assess the implications for equilibrium GDP and the level of savings of an increase in the saving function

  261. Aamir October 15, 2008 at 11:52 pm #

    What are the advantages and disadvantages of leaving pension provision to the private sector? Could you please explain with the help of economic thoery?

  262. Priyanka Gupta October 20, 2008 at 6:33 pm #

    Suppose the government places a sales tax on firms in a monopolistically competitive industry. Explain what happens to the equilibrium price and the number of firms in the industry.

  263. Josefine October 20, 2008 at 8:20 pm #

    Assume that Product X is produced in a perfectly competitive industry and that product X yields costs to individuals who are neither consumers nor producers of Product X.
    a) Using one correctly labeled graph, show the industry output and price under each other following conditions.
    i) The industry ignores the externality.
    ii) The industry produces the socially optimum level
    of output.
    Assume that the market is producing at the level of output you identified in part (i)
    b) Identify one policy the government might use to achieve the level of output you identified in part (ii)

    HELP!!!!

  264. umekulsoom October 22, 2008 at 7:43 pm #

    Mr JOHN
    i just wanna know how this liquidity crunch can effect economy of any developing country like pakistan as its tight monetary policy here(NOT LIKE ALL OVER THE WORLD) but inflation is also in double digit around 12%.how to deal with that n how can it become advantageous or disadvantageous for pakistan.
    thanx a lot

  265. ruzina October 23, 2008 at 9:03 pm #

    Hi, I hope you can help me with this question.I was just wondering would tea and milk be complements or substitutes? Because it seems to me their not really either but I have to draw demand and supply graphs to demonstrate. Please help and thanks.

  266. Carol October 24, 2008 at 1:07 am #

    So why were so many drug addicts and felons pushing subprime mortgages and why did the Florida justice system refuse to deal with this problem?This was also occurring in my homestate.This is not just about greed this is deliberate.The Miami herald did an expose on the situation.

    The media is just lying about how bad this is.

    I discovered a network of people laundering money through the court system and the media wanted nothing to do with it but the FBI told me to be careful if I continue investigating.They claim not to have jurisdiction or the knowledge of the criteria they use for investigating laundering.Hmmmm they did find it within their scope to investigate nude online pictures circulated of a celebrity. WOW what skewed priorities!

  267. Lori October 25, 2008 at 9:53 pm #

    What statements of positive economics are used to support requiring airbags?
    What normative reasoning is used?

  268. lory November 9, 2008 at 11:39 am #

    how does risk create economic burden

  269. Nikki November 11, 2008 at 6:50 pm #

    How does knowledge of the price elasticity of demand for cars helps the government to predict the change in tax revenue of an increase in car licences?

  270. Kentish Student November 11, 2008 at 7:09 pm #

    discuss the implications of the different definitions of horizontal equity?

    I’m not sure how to answer this question, information on horizontal equity very limited.

  271. Ian November 13, 2008 at 1:22 pm #

    What is meant by the term inflationary noise ?

  272. Noeleen November 13, 2008 at 1:30 pm #

    hi,my recent essay question for homework was “Are monopolies always bad?”

  273. ting November 15, 2008 at 4:46 pm #

    Hi, may I know how emerging country such as Malaysia can help US in recession?

  274. Shu Hui November 19, 2008 at 3:41 am #

    Hi. May I know how emerging country like Malaysia can help recession in UK?

  275. adkhan November 19, 2008 at 3:13 pm #

    Define deflation . discuss its merits and demeritd?

  276. ABDUL WAHEED November 22, 2008 at 10:55 am #

    My Question is, ” Why Firm have economies of scale and what are the reasons, please explain with the help of top 4 world class large-sized companies?

  277. ivy November 23, 2008 at 6:05 pm #

    what is the primary advantage of built in stabilizers over discretionary fiscal policy

  278. Nuri November 24, 2008 at 9:07 pm #

    Could you please explain how simple Q=100-5p demand function is created, with real example? And what its curve says?

  279. Phil November 29, 2008 at 2:16 pm #

    Why is the UK’s public finance position considered worse than other major economies when the UK has the lowest percentage of National Debt to GDP when compared to these other economies? (i.e. UK debt 43%, Germany 64.9%, France 63.9%, US 72.5%, Italy 107%, Japan 194%)

  280. luanne December 1, 2008 at 1:24 am #

    how does inflation and recession affects a company operations?

  281. faddy December 1, 2008 at 8:32 am #

    What kind of money supply manipulation might the Fed perform in the face of a serious economy-wide inflation? Explain what the Fed might do to the money supply?

  282. faddy December 1, 2008 at 8:33 am #

    The U.S. govt. often runs deficits and it must sell govt. securities in order to finance those deficits. Describe the mechanics and components of the so-called “crowding out” effect associated with the use of deficit creating fiscal policies.

  283. Shu Hui December 2, 2008 at 6:19 am #

    Hi,
    May I know what is share maximization and revenue maximization?
    TQ

  284. MUTAI December 2, 2008 at 9:02 am #

    Hi, may i also get to know what is realy meant when it is said that the monopolist is more inneficient than the competitive firm in micro economic analysis.

  285. Roxi December 2, 2008 at 9:52 pm #

    Is it possible 2 calculate elasticity of demand for alcohol consumption at a federal level? Why Or Why not?

  286. Megi December 3, 2008 at 4:57 am #

    What is the relationship between the demand curve, and average total cost curve for a firm selling in a monopolistic competitive market, assuming the firm is earning economic profits?

  287. tom December 3, 2008 at 9:43 pm #

    A monopoly is currently making supernormal profits. what would happen to both the output and profit of the firm as a result of an increase in wages which raises the firms marginal and average cost?

  288. Alex sterg December 7, 2008 at 3:48 pm #

    China’s exports have decreased, and its growth as well, since the big economic crisis, but my question is
    How much does this affect its GDP because i heard they export to countries that are closer, like japan for example instead of the states.

    Please help!

  289. Anthony December 10, 2008 at 1:57 am #

    Can you tell me: Is speculation on a hot real estate market a counter example to the law of demand or indirect evident of it?

    Thanks

  290. Yan December 12, 2008 at 8:25 am #

    Hello,
    i have savings in GBP about 30000, the rates going down very quikly , what do you advise, to sell them?

  291. John December 14, 2008 at 7:44 am #

    hi, I have two questions:

    1) is it necessary to regulate/control google and ebay? Why?
    2) if yes, then how would you do that?

  292. James December 14, 2008 at 9:24 pm #

    Hello. Can you tell me why anybody would buy US treasuries now with little to no yield when you can just park your money in an FDIC money market account or CD and get more? Surely with FDIC insurance coming from the same place as the implied guarantee of US treasuries money markets are a much better place to be, correct? This is a treasury bubble without a doubt yes?

  293. Hc Surtees December 15, 2008 at 7:13 pm #

    In 1800, what was the Stock Exchange General Index now the FTSE All Share Index, opened at 19.91. One hundred and fifty years later in 1950 it opened at 42.19.
    In a hunded and fifty years it doubled in value. The footsie all share reached a high of 3400 in AUG 07; it had gone up eighty times – 8000 %. As stock excnange prices represent the real value of goods and services hasn’t real inflation over the last 58 years been approx 120 % per annum; all driven by leverage? Isn’t the current credit crunch really the explosion of a huge credit bubble going back to 1950 starting with HP?

  294. martins December 21, 2008 at 1:03 pm #

    1: discuss the various sources by which a firm can source for it resources.

    2: market equilibrum and market disequilibrum are not permanent but highly volatile a process,discuss.

  295. Tom Spence January 23, 2009 at 4:03 pm #

    Hi,
    What is meant by ‘first best pricing’?
    Thanks
    Tom

  296. Tom Spence January 23, 2009 at 4:04 pm #

    Sorry, it was meant to be ‘first best distribution’
    Apologies

  297. Dimitrios Dimopoulos January 25, 2009 at 12:43 pm #

    Greece has a current account deficit of almost 14% (!) of gdp and greece is a member of the EU. How can it resolve the problem if it cannot devalue the currency ( the quick way out, which was used in the past when the greek drachma was around) and when productivity is so low and consumer spending is holding up due to EU money/subsidies and “black” money? Are we in for a crisis and if so what does it mean for the EU?

  298. Ashley Tunstall January 27, 2009 at 7:12 pm #

    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?

  299. REAPER January 29, 2009 at 7:48 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. (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.

  300. rachael February 2, 2009 at 9:22 am #

    could you please give me the likely effects of an increase level of interest rate on a commercial bank.

  301. John Canady February 5, 2009 at 5:37 am #

    Suppose that the supply and demand equations for widgets are given by the following:

    Qd = 150-7p

    Qs = -30+2p

    At the market equilibrium price and quantity, what is the elasticity of demand?

    I did -7(20/10) the coefficient before price multiplied by price of quantity

    Suppose that the supply and demand equations for widgets are given by the following:

    Qd = 150-7p

    Qs = -30+2p

    At the market equilibrium price and quantity, what is the producer surplus?

    Suppose that the individual demand curve for football tickets is given by:

    Qd = 6 – P/20

    and the price of football tickets is $40.

    What is the consumer surplus of the individual with this demand curve facing this price per ticket.

    10 points Save
    Suppose that the individual demand curve for football tickets is given by:

    Qd = 6 – P/20

    and the price of football tickets is $40.

    Suppose that if you want to buy ANY game tickets, you are forced to buy all 6 tickets at $40 each. What is the consumer surplus of the individual?

    Thankyou for reading and have a great day

  302. Teena February 6, 2009 at 1:41 am #

    I have two questions I really need help on:

    1. Why might the public ignore future tax liabilities when making spending decisions?

    2. How can a smaller government fiscal deficit cause a larger international trade surplus?

    I need structural guidance on these two questions. Your help will be greatly appreciated. Thanks.

  303. Chris Baldwin February 6, 2009 at 5:48 pm #

    1) What determines the world price of grain?

    2) How does the EU agricultural policy influence the world market price on grain?

    3) What will happen to the price of grain if the EU removes all subsidies on the grain area?

    4) If all support in the world was removed from the grain market would there then be perfect competition on this market?

  304. karish February 9, 2009 at 10:54 pm #

    EFFECT OF UNEXPECTED INCREASE IN CONSUMER EXPENDITURE ON GNP with a goverment sector using both keynesian cross and 45 degree diagrams

  305. Kyle February 10, 2009 at 7:16 pm #

    This question is about terms of trade between two countries in two goods, China and France, Cola and Chocolate. The following are opportunity costs for both goods.

    Chocolate – China 2 cola; France 3 cola
    Cola – China 1/2 chocolate; France 1/3 chocolate

    Who benefits more at each of the following terms of trade?

    2.25 cola per chocolate
    2.5 cola per chocolate
    2.75 cola per chocolate

    I am curious, is it safe to assume that the terms of trade where each country benefits equally lies directly inbetween their respective opportunity costs? How do you calculate the net benefit for an individual country?

  306. ross February 11, 2009 at 10:26 pm #

    Explain the effects of an unexpected increase in consumer’s 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

  307. REAPER February 16, 2009 at 3:18 am #

    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?

    could you please help me in this essaqy question thanks

  308. cathy February 16, 2009 at 1:15 pm #

    if a developing country has a comparative advantage in primary products,should the government allow market forces to dictate the pattern of trade?

  309. hani February 17, 2009 at 4:10 am #

    1. The following table gives how many identical resource units (ru) it takes to produce 100 cars and 5,000 computers in the United States and China.

    United States China

    100 cars 16 ru X

    5,000 computers X 15 RU

    Fill in the two blanks with a number for the ru that it takes for China to produce 100 cars and a number for the ru it takes the United States to produce 5,000 computers. United States having an absolute advantage in the production of both cars and computers but also shows that it does not pay for either country to trade with the other—neither country has a comparative advantage in the production of either good.

  310. Amir February 17, 2009 at 4:20 pm #

    Explain the effects of an unexpected increase in consumer’s 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

    could you please help me on this question plzz. thanx

  311. Garp March 1, 2009 at 9:45 am #

    Using an appropriate diagram, explain the predicted macroeconomic effects of an insufficient level of investment and discuss the factors that may cause and increase in business investment in the Australian economy.
    This is a take-home essay due on Tuesday 3rd March. Please help me!

  312. Navigateur March 7, 2009 at 5:47 am #

    Why are there more pounds stirling in the UK than 30 years ago? Did the Bank of England simply print more money over the years?

  313. Erika March 14, 2009 at 4:41 am #

    is apple a oligopoly or monopolistic competition?

  314. Colleen March 16, 2009 at 2:02 pm #

    How do you calculate the annualized % change of the implicit price deflator on a quarterly basis? Using the data from economy.com 08Q4 =.51, How did they get that number?

  315. dina March 17, 2009 at 12:33 pm #

    how to illustrate the world financial crisis by using the graphs of aggregate demand and aggregate supply?
    Can you help me if you plz before Thursday 17/3/2009?

  316. lisa March 20, 2009 at 2:58 am #

    how and why would a sudden decrease in gross investment influence aggregate demand in the USA?

  317. JJ March 23, 2009 at 7:53 am #

    discuss the worldwide movement towards the market economy and away from the planned economy

  318. karlon March 24, 2009 at 2:58 am #

    How can a government increase the rate of economic growth in an economy?

  319. ratna March 27, 2009 at 3:45 pm #

    define syhological pricing and exsplain what it means

  320. ratna March 27, 2009 at 3:48 pm #

    identify 5 main characteristic of common stock

  321. ckchen March 28, 2009 at 7:31 am #

    Evaluate the effectiveness of monopolistic competition & oligopoly competition in meeting the needs of consumers & producers(20 marks)

  322. Mq April 1, 2009 at 2:54 pm #

    What do economists mean when they say that monetary policy can exhibit cyclical asymmetry? Why is the possibility significant to policymakers?

  323. Moe April 23, 2009 at 1:52 pm #

    im having trouble with these questions

    (a) Suppose that a consumer’s demand curve for good X is given by the equation: PX = 120 – √QX, where PX is the unit price and QX is the quantity purchased. Calculate the point price elasticity of demand for this good when PX = $50.

    (b) A consumer spends all their income on three goods. They buy 150 units of good X when PX = $10, 350 units of good Y when PY = $25 and 220 units of good Z when PZ = $45. Suppose the price of X increases by 10% and there is no change in the price of the other goods. In the new situation the consumer is observed to buy 377 units of Y and 205 units of Z. Calculate this consumer’s price elasticity of demand for X.

    (c) A village, which has a river running through it and in which 2,000 people live, has a produce market each week. In that market 2,400 dozen eggs are currently sold per week at a price of $1.25 per dozen. 1,200 people live on the West side of the river and at $1.25 they buy 1,600 dozen eggs. There elasticity of demand is – 1.5 at the current price. The remaining 400 people who live on the East side of the river buy 800 dozen eggs and have a demand elasticity at the current price of – 3. Calculate the elasticity of demand for the market demand curve for this town at the price of $1.25 per dozen.

    question 2

    Suppose that a firm produces good X using just one variable factor of production L (labour). Suppose the short-run production function for this firm is given by:

    QX = – 0.1L3 + 6L2 + 12L

    (QX are the tonnes of X produced per week and L in the number of people employed).

    (a) How many people are employed at the point where the average physical product of labour is maximized? How many people are employed at the point where the marginal physical product of labour is maximized?

    (b) Calculate the quantity of X being produced when average variable cost in being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how much X should the firm produce in order to maximize profit?

    (c) (If the weekly wage is $510 at what price of X will the firm be indifferent between producing and closing down? If the price of X is $10 per tonne and fixed costs are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ 36 workers?

  324. Moe April 23, 2009 at 1:53 pm #

    And also these… please help if u can :) thanks so much

    Suppose that a firm produces good X using just one variable factor of production L
    (labour). Suppose the short-run production function for this firm is given by:
    QX = – 0.1L3 + 6L2 + 12L
    (QX are the tonnes of X produced per week and L in the number of people employed).
    (a) (10 marks) How many people are employed at the point where the average physical
    product of labour is maximized? How many people are employed at the point where the
    marginal physical product of labour is maximized?
    (b) (10 marks) Calculate the quantity of X being produced when average variable cost in
    being minimized. If the weekly wage is $360 and the price of X is $30 per tonne, how
    much X should the firm produce in order to maximize profit?
    (c) (10 marks) If the weekly wage is $510 at what price of X will the firm be indifferent
    between producing and closing down? If the price of X is $10 per tonne and fixed costs
    are $15,000 how much will the weekly profit be if the firm finds it worthwhile to employ
    36 workers?

  325. Moe April 23, 2009 at 1:54 pm #

    Thanks :)

  326. Sucess Camel April 23, 2009 at 7:53 pm #

    Hi!
    1.What are the factor that causes petrol ( paraffin, gas, oil and etc.) prices to rise, all of the sudden goes down?
    2.Can we say a rise in petrol price causes inflation?

  327. coco April 30, 2009 at 3:36 am #

    2. (3) Illustrate a monopolistically competitive firm in a short run equilibrium where profits are greater than zero. Explain the transition to a long run equilibrium.
    3. (3) Explain whether the government should create an outcome in the monopolistically competitive market where average total cost in minimized (we discussed this as whether the government should “regulate” monopolistically competitive firms).
    4. (4) Explain why the competitive market fails to maximize net benefit for society when there is pollution in a production process. Provide a description of two methods the government could use to achieve a better result for society.
    5. (4) Explain why a typical private provision of public goods fails and how we can overcome these problems. Explain the general problem with a common resource and how we can overcome this problem.

  328. coco April 30, 2009 at 8:55 pm #

    Explain why a typical private provision of public goods fails and how we can overcome these problems. Explain the general problem with a common resource and how we can overcome this problem.

  329. aaron May 3, 2009 at 7:15 pm #

    how whatever affects demand and supply equilibrium and disequilibrium for a sport or leisure product can be expected to influence what price an individual manager decides to charge consumers for that product and the quantities of it to supply

  330. Elly Ajwala Onuko May 5, 2009 at 5:40 am #

    how large should government spending be allowed to get, in the best interests of the economy.i.e could you suggest a way of evaluating the best level of spending and taxation

  331. Elly Ajwala Onuko May 5, 2009 at 5:48 am #

    explain how output, prices and interest rates are affected in the classical model of the economy when there is a rise in investment spending

  332. Elly Ajwala Onuko May 5, 2009 at 5:50 am #

    explain the keynesian model of the economy and how the aggregate demand and suply curves are determ

  333. Asif Farooq May 9, 2009 at 11:11 pm #

    hello,
    i would like to ask that what is meant by safty demand for US dollar,, as we sometimes listen in news that dollar weekend due to reduced in safty demand,, so i dont understand this economic term
    can u please answer this question
    Regards
    Asif

  334. MJF May 10, 2009 at 9:01 am #

    Plse ans the following question, mail me.

    Fluctuations in the level of GDP around the trend rate of growth are caused by demand and supply side shocks, but doest it really explain the increase in productive potential of the economy?

    Regards

  335. Jag Bhabra May 20, 2009 at 5:06 pm #

    I’m looking for some advice on the ‘best’ (well, quickest) way to calculate the real growth rate in consumer credit.
    I’ve been given the following information

    Gross unsecured credit balances have risen from £125 billion in 2000 to £233 billion as at end 2008. However, these figures have to be adjusted for:

    • inflation
    • real increases in wages and
    • credit card balances paid off in full at the end of the month (these are not credit)

    Would appreciate your advice on this

  336. DOCTOR MOHAA May 23, 2009 at 9:51 am #

    WHAT IS THE BEST COURSE TO LEARN IN ECONOMICS ? SECONDLY WHAT CAURSE INFLATION

  337. mickey katt May 23, 2009 at 11:05 pm #

    Why does the federal reserve buy treasuries? Isn’t that just taking money from one pocket and putting it in another?

  338. Joel June 4, 2009 at 3:13 am #

    If the opportunity cost of producing a ton of yarn is 21,329 buttons in Louisiana and 16,307 buttons in Texas, then

  339. pat June 11, 2009 at 2:53 pm #

    I have a question on “what principal elements of capitalism production systems are typically subject to the ‘state regulations’ and why?”

    I don’t understand this question so clearly.
    Moreover, the answer i got tends to be wrong.

  340. yusuf ozay June 16, 2009 at 10:59 am #

    multinational corporations are a source for international corruption.To ensure social justice,it would be advisable to sacrife global growth to preserve international integrty.critically analyse the statement considering issues of financial strenght and size of corporations in today`s burgeoning global scenairo

  341. yusuf ozay June 16, 2009 at 11:02 am #

    UK based retail company offering FMCG products would have to consider when entering a develop market

  342. Bibhudatta Sahu June 18, 2009 at 7:40 pm #

    What is the pros and cons of decrese in value of inflation

  343. ave June 30, 2009 at 10:44 pm #

    Both illicit and legal drugs are often cited as the classic example of goods which are very price inelastic. Explain why

  344. monica lopez July 11, 2009 at 3:13 pm #

    THANK YOU FOR YOUR INSIGHT ON THIS QUESTION
    HOW DOES THE MONEY MULIPLIER DIFFER WHEN CURRENCY HOLDINGS ARE ZERO. COMPARED TO WHEN CURRENCY HOLDINGS ARE GREATER THAN ZERO?

  345. mel July 17, 2009 at 6:09 am #

    explain the concept that increase in money demand leads to an increase in interest rate?

  346. anna July 31, 2009 at 4:08 am #

    How would I the price elasticity of demand if the mean price is $7.50 and the mean quantity is 20,000? I don’t even know where to begin. My text book does not offer a proper equation for a problem with missing numbers.

  347. imran August 23, 2009 at 2:59 am #

    How the ”Real State” is showed while showing the GDP growth?

  348. PrincessNij August 31, 2009 at 3:51 pm #

    I can’t understand what this question is asking me =/
    I’m very confused, so if someone could help me out, I’d be greatful.

    Evaluate the extent to which environmental protection should be sacrifieced in order to have sustainable development.

  349. Diana September 17, 2009 at 12:52 am #

    What is the economic answer to why do fast food stores offer free refills on sodas?

  350. Timothy September 29, 2009 at 9:15 pm #

    Please would you give me some help… How would a stock market crash effect the output and price level in the short run as well as the unemployment rate??

  351. Elie October 9, 2009 at 1:29 pm #

    Can you please show me how to derive the aggregate demand curve, assuming an endogenours money supply?

    Muchly appreciated!

  352. douglas October 14, 2009 at 3:56 pm #

    reasons why you would recommend the study of economics to a business

  353. mina October 18, 2009 at 2:33 am #

    A firm has total cost TC =25+Q2.
    a). Calculate output and economic profit if price is $15, 10.
    b). This industry presently has 10 identical firms. Approximate the industry’s short run supply curve with a linear equation (P = mQ+b, find m and b).
    c). If total demand is given by 2P= 100-Q, after entry and exit, how many firms will be left, what is the output of each firm remaining in the industry? What is the price?

  354. albert October 19, 2009 at 3:12 am #

    Suppose Bob and Tom consume books and money left over (i.e. purchasing power on
    other goods). Bob’s utility function is Ubob = √xbooks + xm while Tom’s utility function is Utom =
    5√xbooks + xm. Bob is wealthy with an income of $50 while Tom is less wealthy with an income of $25.
    (a) Derive a demand function for books for both Bob and Tom.
    (b) Suppose Bob and Tom can either own zero books or one book. Derive the willingness to pay for
    a book for both Bob and Tom. Construct the “industry” demand curve for books.
    (c) If only one unit was for sale, which would get the unit and what can we say about prices and
    consumer surplus?
    (d) Who prefers books more strongly Bob or Tom? Who has higher consumer surplus? Does higher
    willingness to pay imply stronger preferences in this example?

  355. faheem October 20, 2009 at 8:57 am #

    what is celling price and floor price

  356. Jasmine October 28, 2009 at 7:24 am #

    1-Explain the meaning of [a]Entrepreneurial spirit [3 mark] [b]Gazelle companies [2 mark]

  357. Jasmine October 28, 2009 at 7:31 am #

    1-Why may countries with significant immigrant populations have more entrepreneurial spirit. [4 marks] 2-discuss the risks and rewards of running a business.[7 marks]

  358. RICHA October 29, 2009 at 8:45 am #

    efficient allocation of resources is achieved to greatest extent under-:
    A) Monopoly
    B) Perfect competition
    C) Monopolistic copetition
    D) Oligopoly

  359. Dimitris October 29, 2009 at 12:26 pm #

    Is it possible the phenomenon to have
    a relationship between GDP and house prices where
    an increase of the mean GDP to lead to decreased house prices?

  360. ELTON November 9, 2009 at 12:00 pm #

    expectations for health economics subject? (ASAP)

  361. karen rivera November 18, 2009 at 7:47 am #

    what is the importance of economics to you as individual, and as in relation in to your course (accountancy).

  362. Sophie November 21, 2009 at 6:04 pm #

    Are books inferior goods or normal goods?

  363. Muhammad Burhan Ali November 24, 2009 at 4:47 pm #

    if you operate a business in a perfectly competitve market and the current market equilibrium price is $12 per unit: show on the diagram demand curve you face?

  364. dinesh November 24, 2009 at 11:44 pm #

    Using diagrams to illustrate answer explain how a reduction in taxation can affect the equilibrium in the IS – LM model.

  365. dinesh November 24, 2009 at 11:45 pm #

    sophie…

    well, books are normal goods as they are universal and vast usage by people of all ages.

  366. Charlotte December 6, 2009 at 10:00 pm #

    hi,

    ”prices are competitive and determined by the maket.”

    How can i use a diagram to explain this?

    also, for example,

    it has been estimated that the income elasticity of demand for take-away food is +1.5,
    what does this estimate mean?
    What significance would this be to the take-away food shop owners?

    Finially, What does ‘economies of scale mean’?

    Can you think of an example of this which would benefit the take away business?

    Thanks

  367. victor December 9, 2009 at 1:23 am #

    Macroeconomics homework help?
    1. Your study partner is confused by the upward-sloping shortrun aggregate supply curve and the vertical long-run aggregate supply curve. How would you explain why these slopes differ?

    4. A fall in the value of the dollar against other currencies makes U.S. final goods and services cheaper to foreigners even though the U.S. aggregate price level stays the same. As a result,
    foreigners demand more American aggregate output. Your study partner says that this represents a movement down the aggregate demand curve because foreigners are demanding more in response to a lower price. You, however, insist that this represents a rightward shift of the aggregate demand curve. Who is right? Explain.

    10. Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank, if possible, your
    most preferred to least preferred type of shock: positive demand shock, negative demand shock, positive supply shock, negative supply shock. How would you rank them and why?

    13. Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. Illustrate with diagrams. In each case, what are the short-run and long-run effects on the aggregate price level and aggregate output?
    a. There is a decrease in households’ wealth due to a decline in the stock market.
    b. The government lowers taxes, leaving households with more disposable income, with no corresponding reduction in government purchases.

  368. Meagan December 10, 2009 at 8:50 pm #

    I am having trouble with Elasticity of demand and the question I have is Explain why it is or is not possible to calculate the elasticity of demand for alcohol consumption for the state situation? If you can help me find somewhere that will help me understand this better I would appreciate it.

  369. leonie December 18, 2009 at 3:46 pm #

    how company A’s investment might be likely to affect its profits in the short and long run.

  370. james December 24, 2009 at 11:03 pm #

    Suppose that we had a situation where the interest elasticities of both money demand and investment were quite low. Using the IS-LM model, compare the effectiveness of monetary and fiscal policy in terms of raising and lowering real income. How do you interpret this situation?

  371. SIENG sokrith December 30, 2009 at 4:25 am #

    why the balance of paiement of China is excedant?

  372. Robert January 9, 2010 at 2:36 pm #

    What is the relationship between debt, development and economic growth?

  373. Ayush January 15, 2010 at 2:27 pm #

    With use of appropriate diagrams, analyse the likely impact of government policies (such as price
    regulations or taxation) in the petrol retail industry for Australia

  374. Sonia January 17, 2010 at 2:53 pm #

    Using aggregate demand and supply analysis and making reference to the role of the multiplier evaluate the effectiveness of fiscal policy to achieve a higher rate of economic growth.

  375. Susan January 23, 2010 at 7:29 pm #

    if in 2008, the price of raw materials is $10 but inreases to $12 in 2009, and producer price is 120 in 2008, but increases to 125 in 2009, what does it mean?

  376. GRACE TEO January 25, 2010 at 2:38 am #

    i need HELP HELP…pls help me answers the question…
    1.using a graph of net exports (X-M) against disposable income, show the effect of the following: a)An increase in foreign disposable income b)An increase in US disposable income c) An increase in the US interest rate d)An increase in the value of the dollar againts foreign currencies. explain each of your answers.

  377. dula February 2, 2010 at 6:37 pm #

    what are the factors that leadin to an economic scale??

  378. felicity February 6, 2010 at 3:51 pm #

    What AS and A levels do I have to have to study Economics at uni? I have to make AS choices this week !

  379. Henry Avery February 8, 2010 at 6:12 pm #

    Discuss what you think will happen to the supply, demand and price of the product in the short-term if the demand of the product increases and supply decrease or remain the same?

  380. Henry Avery February 8, 2010 at 6:22 pm #

    I like this site

  381. Genny February 15, 2010 at 9:07 pm #

    13.) Using aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. Illustrate with diagrams. In each case, what are the short-run and long-run effects on the aggregate price level and aggregate output?

    a.) There is a decrease in households’ wealth due to a decline in the stock market.

    b.) The government lowers taxes, leaving households with more disposable income, with no corresponding reduction in government purchases.

  382. Curiosity caterpillar February 21, 2010 at 11:27 pm #

    Is the recession an urgent wake up call? Has it had any positive effect for the future and stopped any further catastrophe or was it the catastrophe itself?

  383. Curiosity caterpillar February 21, 2010 at 11:29 pm #

    Is the recession an urgent wake up call? Does it have any possible positive effects for the future? Has it stopped a future catastrophe or is it the worst case scenario?

  384. naseem khan afridi February 27, 2010 at 7:06 am #

    debate about negative supply and negative demand if suppose occurred in an economy

  385. jessica February 27, 2010 at 9:28 pm #

    Consider the market for pizza in a large city. Identify what happens to the equilibrium price, quantity, and total consumer expenditures after each of the following events listed below, assuming that pizza is a normal good and the price elasticity of demand for pizza is -1.20. Treat each event as independent of the others.

    Event 1: The price of labor goes up.

    Event 2: The number of pizza restaurants increases.

    Event 3: Consumer income rises.

    4.1. For Event 1, the equilibrium price is expected to _______, the equilibrium quantity is expected to ______, and total consumer expenditures on pizza are expected to ________.

    A. Decrease; increase; increase

    B. Increase; decrease; decrease

    C. Increase; decrease; increase

    D. Decrease; decrease; decrease

  386. Fiona Hughes March 1, 2010 at 11:00 pm #

    What happens to the efficient allocation between public and private goods as an economy becomes wealthier?

  387. carolyn March 2, 2010 at 6:41 pm #

    I have a few questions,
    If u were using fiscal policy and were the gov. What actions and why-would u take in the event of inflation?

  388. CHARLES OK March 2, 2010 at 7:02 pm #

    a man set up a school. The elasticity of demand is 0.5. you have decided at the board meeting that the school fees should be increased by 20%. What is the effect on total revenue? How does your answer change if the price elasticity is 2.75 or 1?

  389. carolyn March 2, 2010 at 6:43 pm #

    I am takin economics 110 at clark state in ohio! I donot understand what is being taught to me. can or will someone help me?

  390. Chris March 3, 2010 at 2:30 am #

    What is the average annual salary of a Greek civil servant versus that of a British, German, US civil servant? Also, how do their vacations days, pension, retirement age, and health care coverage packages compare?

  391. Mustafa March 6, 2010 at 12:36 am #

    What is real money gap ? please explain with example

  392. help please March 15, 2010 at 4:10 am #

    If a profit-maximizing firm in a competitive market discovers that at its current level of production price is greater than marginal cost it should

    a. shut down
    b. reduce its output, but continue operating
    c. keep output the same.
    d. increase its output
    is production price the same as marginal revenue?

  393. Nathan March 16, 2010 at 12:37 am #

    What’s the difference according to economics between a pastor and farmer with equal incomes?

  394. HELP ME please March 17, 2010 at 2:28 am #

    why may a credit crunch affect the macro economy ? explain the impact of the credit crunch on the macro economy using the income expenditure model. what kinds of policy repsonses to a downturn does the model suggest?

  395. Jessica March 18, 2010 at 4:28 am #

    When employees have opportunities for theft (pens, Xeroxing), we would expect their wages to be lowered accordingly. Isn’t it as if they actually pay for what they take? Why is it a problem? Explain

    Some resorts charge skiers by the run, and some by the day. What may explain the difference?
    b. Some ski resorts give discount to seniors. What may explain the practice?
    c. How would you test at least one of your explanations?

    The greater the opportunity to adjust product quality when the product is subject to price control, the larger the equilibrium market quantity would be. Do you agree? Explain. Also explain why the notion of equilibrium is relevant under price control.

    Im in Economics of Property Rights class in college! Help!

  396. Oriena March 18, 2010 at 5:40 pm #

    5. The full-employment level of output is defined as
    a. Actual output minus the output gap
    b. Potential output plus the output gap
    c. Potential output minus the output gap
    d. The level of output at a zero unemployment rate
    e. Both A and D

  397. Oriena March 18, 2010 at 5:42 pm #

    6. Which of the following countries had the highest average annual per-capita real income growth rate from 1965 to 2004?
    a. Brazil
    b. China
    c. Japan
    d. United Kingdom
    e. United States

  398. yesh March 21, 2010 at 9:56 am #

    (a) Explain what determines the demand for money.(10)

    (b) In some countries it is said that the use of credit cards by many people resulted in huge debts as people spend far more than they earn. Discuss what might be the consequences of a large increase in consumer spending. (15)

  399. B March 24, 2010 at 12:08 am #

    Define briefly the terms ‘inequality’ and ‘poverty’. How do we measure them and what are the main issues in their measurement?

  400. Rebecca March 26, 2010 at 11:23 am #

    Do The Central Bank expected to perform certain useful functions in the economy?

    Assess the various activities of a Merchant Bank in modern economies

  401. ahmed April 5, 2010 at 6:50 pm #

    compare how does perfect competition and monopoly respond over the long run if abnormal profits ae made in the short run

  402. suman April 5, 2010 at 11:06 pm #

    Can you explain what does it mean by excess capacity theorem in a monopolist competitive market? Why long-run equilibrium is attained not at the lowest average cost?

  403. ghadeer April 6, 2010 at 2:51 pm #

    assume that the united states contributes disproportionately more resources to the defense of western europe then do other NATO allies m and as a consequence these other countries can invest a larger share of their resources in capital and other goods and services. usa production possibilities curves to show both short- and long consequences regarding the economies of the united states and western europe

  404. En April 7, 2010 at 8:16 pm #

    How do loans increase the money supply?
    How exactly do loans from banks result in “new money”?

  405. Lysis April 11, 2010 at 3:26 pm #

    Are GDP growth forecasts accurate or not? Is there a bias?

  406. Chaka April 12, 2010 at 10:44 am #

    Use appropriate diagram(s) or examples to illustrate to explain why the Classical view assumes that aggregate demand is not effective on output and employment?

  407. Sania April 20, 2010 at 6:42 pm #

    What is meant by equilibrium at the market?

  408. mulay hafid April 22, 2010 at 10:10 am #

    using demand and supply diagrams explain the deffrence between a subsidy and a price support scheme ?

  409. Bana April 22, 2010 at 12:50 pm #

    Assuming that a firm faces an inelastic demand and wants to increase its total revenue, in what direction should it change its price? Is there any limit to how far it should go in changing its price in this direction?

  410. Bana April 22, 2010 at 1:13 pm #

    Suppose a perfectly competitive industry is characterized by negative economic profits in the short-run .Explain with the aid of graphs,the sequence of events that will occur in the long-run within this competitive industry.

  411. tinashe April 27, 2010 at 4:38 pm #

    using clearly labelled diagrams demonstrate the impacts oa an introduction of a minimum wage policy in Zimbabwe

  412. Ask a Question April 28, 2010 at 7:53 am #

    How much income is considered low income? Please help me to find out this answer. Thanks

  413. matty p April 28, 2010 at 1:27 pm #

    What Is The Whole AD mean cuz i aint got a clue what your on about.

    im doing the business a2 exam this year and its about the recession and economy so is it a need to know?

  414. shreeya April 29, 2010 at 5:45 pm #

    consider a perfectly competitive industry with 160 identical firms.the short run and log run cost functions of a typical firm are:
    C (SR) = 4q+2q square so that MC= 4 +4q

    C (LR) 10+4q+2q square so that MC=4+4q

    where q is the output for an individual firm.
    Market Demand for the industry product is
    Qd=660-P
    where P is the price of the product and Q is the output for industry.
    a.what is the long run supply curve of an individual firm?please explain how you proceed.

    b. In the long run, there are a potentially infinite number of identical firms that can enter the industry.
    What is the long run market supply curve for the industry?
    compute the long run equilibrim price?
    how much does each firm produce in this long run equilibrium and how many active firms are there in the market?please explain how you proceed.

  415. princessnjira May 1, 2010 at 2:07 pm #

    what is the role of macro economic in the modern economy

  416. Aston May 17, 2010 at 7:05 am #

    For both developed and less developed countries, Heckscher-Ohlin Theory provides the most realistic and socially responsible model on which to base government policy with respect to trade?

  417. Jevon June 4, 2010 at 10:40 am #

    A Country’s economy was influenced by the American sub prime mortgage crisis in the end of 2008. why was that country affected significantly? In order to save the Economy from recession the government issue Consumption coupons, they also increased spending on public infrastructure constructions. Why did the government do these things and how would you analyze the impacts of the two stated policies

  418. UAE1980 June 10, 2010 at 6:42 am #

    Question: a perfectly competitive firm is producing 10 units of output. The marginal cost of the tenth unit is $60; the price is $50. in case the firm wishes to maximize profits, should it increase production, decrease production, or leave production unchanged? Why?

    how to highlight this graphically?

  419. king June 10, 2010 at 1:52 pm #

    the earnings of engineers, doctors and lawyers are high because lots of education is necessary to practice in these fields. evaluate this statement in the likes of supply and demand of a service.

  420. king June 10, 2010 at 2:01 pm #

    suppose that in an attempt by a university to raise revenue by increasing its tuition fees, will it necessarily result in more revenue and under what conditions will revenue
    a)rise
    b)fall
    c)remain the same
    explain this focusing on the relationship between the increased revenue from students who enroll in the university despite the higher tuition and the loss of revenue from lower enrollments.

  421. king June 10, 2010 at 2:04 pm #

    discuss and present supportive arguments for or against the below statement ;
    automation is the cause of unemployment. if we keep allowing machines to replace people we are going to run out of jobs.

  422. shufflesworth June 11, 2010 at 8:00 pm #

    Assume the cost of operating a restaurant has decreased. Using two properly labeled supply and demand diagrams, illustrate what will happen to the equilibrium prices and quantities of restaurant meals and cookbooks (a substitute for restaurant meals).

  423. Raz June 16, 2010 at 6:14 am #

    Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.

  424. amaka June 22, 2010 at 12:03 pm #

    what is the income elasticity of demand in health care?

  425. paul June 25, 2010 at 2:20 am #

    what is likely to happen to price elasticity over time?

  426. Jeeta July 9, 2010 at 3:55 am #

    Explain why a firm in a perfectly competitive market would choose to remain in business, if its profit is zero at equilibrium. Illustrate any theories or concepts you decide to use to answer this question with numerical examples. (10 marks)

  427. Raz July 27, 2010 at 1:09 am #

    What is one of the major welfare challenges in Canada and how is it being tackled

  428. Derrick W Smith July 29, 2010 at 3:33 pm #

    Which is a example of a normative question?

    1. How will an increase in minumum wage affect teen age workers

    2. Should the goverment provide free prescriptions to seniors

    3. what fraction of an income tax cut will be spent on consumer goods

    4. How will an increase in the price of gasoline affect taxi drivers

  429. ALI August 11, 2010 at 9:23 am #

    Q.7 In writing causes and effects, we use words such as therefore, so, as a result, that’s why, thus etc. Use these words and write down five sentences that show cause and effect. (10)
    Example: Health information does not reach the poor (cause), that’s why diseases are spreading, fast (effect).

  430. anisha August 30, 2010 at 1:25 am #

    In a paragraph of maximizing profits ,says that selling goods and services earns a revenue firm.Profit is what is left from revenue after all costs have been deducted
    Why have the cost been deducted ,after earning your revenue?

  431. Tania August 30, 2010 at 7:43 pm #

    Why does the real wage increase after an increase in government spending in a Keynesian module?
    Many thanks.

  432. Rody September 3, 2010 at 1:05 pm #

    assume the economy currently has a recessionary output gap and that the marginal propensity to consume is 0.8.

    Consider a three-sector Keynesian model in which the only form of taxation is exogenous taxes (that is, the tax rate, t, is zero). Note that a three sector model
    comprises households, firms and the government (there are no exports or imports). Suppose the government increases its expenditure by $1 billion,
    financed through an increase in exogenous taxes of $1billion. Derive the formula for the multiplier needed to analyse the effect of this fiscal policy on
    equilibrium GDP. Calculate the value of the change in equilibrium GDP.

    I derived the complete Keynesian three sector formula as follows Y (GDP) = 1/(1-c) (c bar – cT + I + G) and the multipler equation is 1/(1-x), but I have no idea how to derive the formula for the question or go about approaching it. Any hints to understanding it will be much appreciated. thanks Mate

  433. Richard September 13, 2010 at 11:01 pm #

    Is the economic demand for a particular product determined solely by its usefulness?

  434. john macadam September 16, 2010 at 12:27 am #

    I can’t work out how outsourcing, regardless of whether you outsource to bradford or bangalore improves the economy. Don’t the benefits in terms more money for shareholders or in lower assume demand remains constant. Shouldn’t aggregrate demand fall as the previous employed workers stop spending?

    Or at the very least isn’t it just a transfer from the workers who used to be employed to the new workers alongside the increased profits ( from the reduction in wages) for shareholders without any actual increase in Agg demand.

    I know these arguments are wrong but I can’t work out why

  435. Wini Wilson September 18, 2010 at 3:43 am #

    Sales of fish are down but consumers opting to buy meet could be causing prices for fish to go up , why is this statement wrong and what impact would this have on the fish market? thank u

  436. Clinton Hunte September 28, 2010 at 3:30 pm #

    If you lose jobs to robotics at the automobile plant, are you then structurally unemployed or frictionally unemployed?

  437. freezium October 16, 2010 at 4:28 pm #

    how can we derive cost curves ..i,e
    ATC from TC
    long run TC from Short Run TC
    LRAVC & MC from SRAVC &MC??

  438. Match October 24, 2010 at 5:38 pm #

    What type of return on investment is typically expected from low risk investments? If the ROI on a low risk investment goes up, how will this effect the interest in this investment? What area of economics deals with this type of problem?

  439. tayfun October 25, 2010 at 7:15 am #

    3.) For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each case the impact on equilibrium price and equilibrium quantity.
    1. A surgeon warns that high-cholesterol foods cause heart attacks.
    2. The price of bacon, a complementary product, decreases.
    3. An increase in the price of chicken feed occurs.
    4. Caesar salads become trendy at dinner parties. (The dressing is made with raw eggs.)
    5. A technological innovation reduces egg breakage during packing.

  440. tayfun October 25, 2010 at 7:16 am #

    4.) Do you agree or disagree with each of the following statements? Briefly explain your answers.
    1. The price of a good rises, causing the demand for another good to rise. Therefore, the two goods are complements.
    2. A shift in demand causes the price of a good to fall. The shift must have been a decrease in demand.
    3. When the price of a good changes, the quantity of that good demanded or supplied changes—that is, the curve shifts, or changes position.
    4. Two inferior goods cannot be substitutes for each other.
    5. If demand increases and supply increases at the same time, prices will clearly rise.
    6. The price of Good A falls. This causes a decrease in the price of Good B. Therefore, Goods A and B are substitutes.

  441. NAGAMANI MERUGU November 11, 2010 at 3:13 pm #

    A Producer of a Veblen Good wishes to expand the supply and lower the price with a view to attract more buyers. what can be the outcome?

  442. Yiannos November 16, 2010 at 3:09 pm #

    Using demand and supply diagrams and the concept of elasticity, how can we best explain or demonstrate a business increase in their sales revenue and market share.

  443. Naren November 18, 2010 at 2:22 am #

    A producer of Veblen good wishes to expand the supply and lower the price with a view to attract more buyers. What can be the outcome?

  444. Naren November 18, 2010 at 2:24 am #

    If price of milk increases, what do you think will happen to demand for cornflakes?

  445. Naren November 18, 2010 at 2:24 am #

    The price of gold increases, will it affect the demand for gold. How?

  446. Naren November 18, 2010 at 2:26 am #

    Perfect competition, monopoly, monopolistic competition, oligopoly are types of market structures considered in economic analysis which of those types would you relate to following market:
    I. Food grains: rice and wheat
    II. Stock market
    III. Market for bus transport in New Delhi
    IV. Petrol
    V. Confectionery
    VI. Market for liquor in Goa
    VII. Fireworks
    VIII. Branded fast food in Mumbai

  447. Naren November 18, 2010 at 2:26 am #

    Discuss Global Economic Crisis-2009 and its aftermath.

  448. Naren November 18, 2010 at 2:27 am #

    How does economic slowdown affect market demand?

  449. naman December 1, 2010 at 6:42 pm #

    q1=1000-200p ,q2=800p-2000 at equlibrium elasticity of demand will be

  450. emmanuel December 28, 2010 at 2:57 pm #

    whay part of Robbins definition drings the concept of opportunity cost?
    state in many word the central problem or fact of economy?

  451. MMU January 9, 2011 at 7:44 am #

    1) A major flood in the north part of Malaysia has caused the price of rice increased substantially. The government wants to protect consumers from rising rice prices. Suppose you are an economist, what is your suggestion to the government in setting the price and give two effects of it?
    2)Competitive firms do not want to produce its goods even after an increasing marginal product has set in and the marginal cost is decreasing”. Do you agree? Discuss.
    3)Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount of water they use. This is in contrast to the former procedure of having a central meter for the entire complex and dividing up the water expense as part of the rent. Where individual meters have been installed, water usage has declined 10 to 40 percent. Explain that drop, referring to price and marginal utility.

  452. Armond January 10, 2011 at 4:01 am #

    why do the Fed choose to prefer the CPE that leads to a lower inflation rate than the CPI?

  453. octavia January 18, 2011 at 6:34 pm #

    can scarcity be solved justify this

  454. Arthur January 30, 2011 at 3:58 am #

    Please identify the follwing statement if it is true, false or uncertain.
    “In a university they show all the movies for free including the latest releases. Rachel, one of the student in that university is irrational because his demand for these free movies is only 8 per month.”

  455. Arthur January 30, 2011 at 4:00 am #

    Identify the following statemen if it is true, false or uncertain.

    “A firm can choose to enter an industry with lots of substitutes and no complements, or an industry with lots of complements and no substitutes. Assuming equal production costs and the same demand in both industries, the firm should choose the industry with lots of substitutes and no complements.”

  456. Sajni February 5, 2011 at 4:58 pm #

    3. Discuss the potential problem for a country which becomes heavily reliant on tourism for its foreign exchange earnings.

  457. Ken Kun February 6, 2011 at 8:17 am #

    The result when the marginal productivity of capital per peso is greater than the marginal productivity of labor per peso is the same as the result when Pl/Pk < MPl/MPk. Is this true? Why?

  458. Embubbles February 9, 2011 at 1:47 am #

    What are 5 good questions to ask a leader of a developing country about economic conditions in that country?

  459. Sanjay February 18, 2011 at 8:02 am #

    Outline and explain the economic policy options available to a government whose country is suffering from high levels of unemployment.

  460. Stephani February 22, 2011 at 5:57 am #

    whats the country which was not effected by economic crisis the lowest

  461. cherry February 23, 2011 at 5:22 pm #

    Hi, Can you tell me the possible justification for the existence of monopoly on alcoholic beverages?
    thank you very much

  462. Bia March 3, 2011 at 9:41 am #

    What is the importance of Business Management?

    Thank you

  463. Bia March 3, 2011 at 9:42 am #

    What is the importance of Economic Principal?

  464. Bia March 3, 2011 at 9:44 am #

    Name the functional areas of business management for example, Purchasing, operations, marketing and financial management.

  465. Eco girl March 10, 2011 at 11:14 am #

    consider a closed economy where the government maintains a policy of a balanced budget by adjusting its spending to tax revenues. there are no transfers in the economy and a proportional tax ‘t’ is levied on household income. profits constitute 20% of national income and half of it is distributed to shareholders. the rest is used for investment. what will be the economy’s multiplier?

  466. saynogirl March 12, 2011 at 2:22 pm #

    Economic contribution of the elderly in the development of a country?
    Thank you beforehand!

  467. Paul March 22, 2011 at 2:00 am #

    demand function is Q = 8,000 – 20P and the MC = 25 + 2.5Q.
    Given that TFC = $15,000;

    a) derive an equation for the VC

    b) calculate the profit at the profit maximizing level

  468. nyasha March 23, 2011 at 8:10 pm #

    features of command economies

  469. Paul March 29, 2011 at 3:54 am #

    Q =8000 – 20p and mc = 25 + 2.5q, calculate the profit at the profit maximizing level

  470. Rizky April 2, 2011 at 7:40 am #

    i have 1 question
    Briefly describe what economists do and their typical working conditions.thx be4 :D

  471. sumit April 3, 2011 at 12:05 pm #

    a monopolist faces the demand curve Q=60-P/2.The cost function is C=Q2.find the output that maximises this monopolist’s profits. what are the prices at profits and that output? find the elasticityof demand at the profit maximising output .

  472. ASELA April 5, 2011 at 5:52 pm #

    When there is disequilibrium – it causes ‘DEADWEIGHT LOSS’ to the economy. In a Market Economy, what are the three main situations which could lead to disequilibrium? Explain briefly giving any one example in each

  473. Devin April 19, 2011 at 4:44 am #

    Suppose France is an open economy and cannot influence the world price. If the world price is below the domestic equilibrium price, how would an increase in domestic supply affect the price and quantity demanded?
    A. It would increase the price and the quantity demanded.
    B. It would decrease the price and the quantity demanded.
    C. It would decrease the volume of exports.
    D. It would decrease the volume of imports

    HELP!!!

  474. Devin April 19, 2011 at 4:45 am #

    Which of the following statements about international trade is true?
    A. International trade generally involves a gain for one country and a loss for the other.
    B. The main reason countries trade is because all countries are not able to produce all of the goods they want or need.
    C. Engaging in international trade allows a country to push its production possibilities frontier outward, increasing the quantity of all goods it can consume.
    D. International trade necessarily leads to complete specialization in the production of a distinct set of goods.

    I think it’s B?

  475. Devin April 19, 2011 at 4:47 am #

    The appreciation of the Deutsche mark
    A. is good for German exporters and bad for foreign importers of German goods.
    B. is bad for German exporters and good for foreign importers of German goods.
    C. benefits both German exporters and foreign importers of German goods.
    D. hurts both German exporters and foreign importers of German goods.

    I believe this one is D?

  476. alex April 28, 2011 at 6:47 pm #

    using the data and your economic knowledge assess the impact on the UK economy of a recovery in the EU as a whole

  477. jia May 12, 2011 at 7:35 am #

    what is identity economics?

  478. Jonnyy May 15, 2011 at 10:32 pm #

    This is about price-searching firms and two-part pricing to advise the company below.? this is about price-searching firms and two-part pricing to advise the company below. Please if you can use calculus or any other method, Thank you very much, this is a 10 points c question, Thank you please Draw diagram if is appropriate This is about price-searching firms and two-part pricing to advise the company below. A company has a bar and is trying to decide on the cover charge (if any) and price for each drink. It has done a modest regression study in which it asked customers to classify themselves as light drinkers or heavy drinkers and to indicate the number of drinks they would typically consume during the evening. The estimate from the regression study is that a change in the price equal to $1 per drink causes light drinkers to change their consumption on average by 0.5 drinks per night. However, a change in price of $1 causes heavy drinkers to change their consumption on average by 1.0 drink per night. For both groups a typical consumer will not consume anything once the price reaches $7 per drink. (They may instead go to another bar or not go to a bar at all.) Draw a demand curve for a typical light drinker and for a typical heavy drinker on the same diagram. Explain your diagram. If 300 people visit the bar on a typical evening, with 200 people being light drinkers and 100 people being heavy drinkers, draw an overall demand curve for all of the consumers combined. What is the slope and what is the intercept for this demand curve? Recall that, in the case of a straight line demand curve, the slope of the marginal revenue line for a company that does not practice price discrimination is double the slope of the market demand curve. If the marginal cost of making drinks is constant at $3 per drink, and if no cover charge is assessed, what is the best price to charge for drinks? How many drinks would be sold on a typical evening? What would your profits be? If you cut your price by $1 per drink AND assess the maximum possible cover charge without causing a typical light drinker to refuse to enter the bar, would your profits improve? How high would the cover charge be? Calculate both the cover charge and your total profits.

  479. Ankit May 15, 2011 at 11:19 pm #

    What is identity economics? How does identity economics help to explain economic questions that standard economics fails to address?

  480. svat June 1, 2011 at 3:57 pm #

    Imports from China to the US are experiencing a positive sustained inflation rate, sending the US total inflation on imported intermediates at 9.8% (yearly rate recorded in April 2011). What would happen to the US Treasury yields if over the next months inflation in intermediates passes through to the US CPI inflation rate, under the following two scenarios:
    a: the Federal Reserve decides to fight the inflation spike
    b: the Federal Reserve accepts a permanently higher level of inflation

    Please asnwer accurately as this is an MBA assignement. If possible also send links from internet to enlarge the answer!

  481. [email protected] June 8, 2011 at 4:46 pm #

    Independent Scotland liabilities. The banking bailout cost was 10 billion actually spent with 453 billion guarantee but not actually spent. Independent scotland 8.6% by population of UK debt £910 billion scotland share 8.6% by population minus assets 8.6% 29 billion roughly 66 billion
    47% of gdp

    so if they didnt spend £453 billion what part is Scotland liable for? the amount of interest?

  482. Larry June 9, 2011 at 10:17 am #

    Since congress is responsible for over a $ million of other people’s money, why are there no

    requirements to have any financial knowledge to be in congress?
    Why are there no fiduciary responsibility requirements?

  483. Larry June 9, 2011 at 10:23 am #

    Is it legal (or moral) to borrow money for 30 years at 4.5% interest, give it away, and spend it on other than long term assets, then force the children to pay back the entire amount borrowed?

  484. Chance Korse June 12, 2011 at 2:49 pm #

    The Federal Reserve has, as does anything else, has a set of regulations to comply with. The Fed has certain powers to ‘regulate’ the U.S. economy, but it has no power over the frequency of natural disasters, frost damaged citrus crops, and on and on. It may have, in a roundabout way, certain powers albeit extremely limited over the price of oil, political upheavals around the world and the like. At the professorial level, there is a tendency to think things through and this is helpful. This is in stark contrast to the Twitter comments on the economy. Water seeks is own level, and soon all of us realize that the twitter opinions are what they are. By the way, twitter has a set of regulations to comply with. Regulations are like a vaccine, if removed the disease come back.

  485. khalid June 14, 2011 at 9:21 pm #

    with the aid of a diagram,explain how price performs the function of eliminating surpluses and shortages

  486. Algernon Chua June 16, 2011 at 7:34 am #

    Hi Sir i have several economic questions please help! these are the following:

    1. what are the function of a production possibility frontier?
    2. why is the demand curve negatively sloped?
    3. why is the supply curve positively sloped?

    thank you!

  487. Gilang June 21, 2011 at 11:31 am #

    halo, I got something hard with my study, can you help me to send a solution of this task?

    5. A large share of the brick supply in Natuna island comes from two producers: Bricko and Batako. Suppose the marginal cost of producing bricks is constant at Rp 1000 per brick, and the demand for bricks is described by the following schedule:

    Price (Rp) Quantity
    8,000 5,000
    7,000 6,000
    6,000 7,000
    5,000 8,000
    4,000 9,000
    3,000 10,000
    2,000 11,000
    1,000 12,000

    a. If there were many suppliers of bricks, what would be the price and quantity?
    b. If there were only one supplier of bricks, what would be the price and quantity?
    c. If Bricko and Batako form a cartel, what would be the price and quantity? If both split the market evenly, what would be Bricko’s production and profit? What would be Bricko’s profit if it increased its production by 1,000 while Batako stuck to the cartel agreement?
    d. Use your answer to part (c) to explain why cartel agreements are often not successful.

  488. Tore Berg June 23, 2011 at 7:02 am #

    What is “the default”, which BBC likes to talk about, but never explains?

    Best regards
    Tore

  489. Fil June 24, 2011 at 1:18 pm #

    What is your view on the idea that the Chinese economy will overtake the US economy? Not only in PPP but in $ too?

  490. irfaankhan June 26, 2011 at 8:33 am #

    hello sir ijust want clear answer for economics is science or art . ya both ?

  491. irfaankhan June 26, 2011 at 8:37 am #

    sir any economic website from where i can get several answer for 11 & 12 standard only

    thank you sir.

  492. Justin June 27, 2011 at 7:13 am #

    sir, find this hard can you help.

    Using the demand/supply model explain the effects of the following on the market for pizza
    a. the price of mozzarella cheese increases.
    b. consumers’ incomes increase
    c. more pizza producers enter the market
    d. a new report states that pizzas consumption contributes to heart disease
    e. new pizza ovens reduce the cooking time of pizza
    f. McDonalds lowers the price of its burgers.

  493. vincent June 27, 2011 at 7:29 am #

    WHY ECONOMIC MARKET COMPETITIVE IS REALISTIC AND EARN MORE PROFIT IN LONG RUN BUSINESS?

  494. Sarah Jane Raffin June 29, 2011 at 2:40 am #

    how consumers allocate their expenditure between products as price changes according to utility theory

  495. sampathgunukula July 11, 2011 at 6:28 am #

    . In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to

    Export or Consumption

    My analysis is If you consider national accounts it will come under invisible export, but in terms of economy it will come under consumption, plz answer my question

  496. mpilo August 5, 2011 at 11:23 am #

    whta is the effect U.S debt crisis to the world economy: and what would be the regional economic effects if Swaziland did not receiave a loan from South Africa and the IMF.

  497. mpilo August 5, 2011 at 11:25 am #

    what is the effect U.S debt crisis to the world economy: and what would be the regional economic effects if Swaziland did not receiave a loan from South Africa and the IMF.

  498. RyanTee September 9, 2011 at 5:05 am #

    Supernormal profits only exist in the shortrun period…discuss this assertion (25marks)

  499. Iqra Kirmani September 11, 2011 at 8:40 am #

    Q3. What do you think about the performance of Public Private Partnership model in India? Support your answer with suitable real world example.

  500. Iqra Kirmani September 11, 2011 at 8:43 am #

    Q1. Considering Indian government, give three facts stating the changing perspective of government activity over the period of time.
    Q2. “Modern State is a Welfare State” Do you agree with the statement? Support your argument with relevant facts.
    Q3. What do you think about the performance of Public Private Partnership model in India? Support your answer with suitable real world example.
    Q4. Briefly list down main focus area of 12th five year plan.
    Q5. Why do you think, in a market driven economy there is a need of Public Finance?
    Q6. Categories various heads of public revenue as per their percentage share into government of India’s tax revenue.
    Q7. Categories various heads of public expenditure as per their percentage share into government of India’s budgetary expenses.
    Q8. Select any Indian state and find out the amount of collection from various non tax revenue heads.
    Q9. Give five reasons as to why decision maker in India cannot adopt Benefit – Received approach to impose taxes.
    Q10. Look at Indian financial budget for the year 2011-12, what do you observe about the growth of non-developmental expenditure in this budget.
    Q11. Look at your state’s financial budget for the year 2011-12, what do you observe about the growth of social sector expenditure in this budget?
    Q12. Do you think taxes have a greater role to play than by just financing the state activities? Support your answer with real world example.
    Q13. Given the fact that we have five year plans for our economy (Indian), do you think annual financial budgeting is of any use in India?
    Q14. Compare any three heads of direct taxes between India and any developed country of the world. Summarize it.
    Q15. Compare any three heads of expenditure between India and any developed country of the world. Summarize it.

  501. Iqra Kirmani September 11, 2011 at 8:46 am #

    HOMEWORK-I
    1 You are working for coca-cola as marketing head. The company is planning to float a new drink which is white in colour. How you will draw the demand curve for the product which is not in the market? What lessons from the concept of elasticity can you draw while fixing the price for this new drink?

    2 You are working in the mobile division of a mobile company. How would you use your knowledge of demand and supply in determining an appropriate marketing strategy for your company?

    3 Which of the following events would cause a movement along the demand curve or supply for Indian-Produced clothing, and which would cause a shift in the demand curve and supply?
    i. The removal of Quotas on the importation of foreign clothes.
    ii. A cut in the industry’s costs of producing domestic clothes that is passed on the market in the form of lower prices.
    4 Suppose a domestic servant spends her total income on only two goods, food and clothing. What will be the effect of increase in her income on her consumption of food and clothing? Illustrate the derivation of her income consumption curve
    5 If Alan is indifferent between Coke and Pepsi, what would Alan’s indifference curves look like? Support your answer with logic.

  502. Stanley Bett September 17, 2011 at 9:33 pm #

    Help me answer this question….
    Q. Under what circumstances can a country realize economic growth but no economic development?

  503. George September 18, 2011 at 1:10 pm #

    If a progressive taxation is going to supposedly “reduce the gap between the rich and poor”, how and why does this happen?

  504. kasper September 21, 2011 at 10:11 pm #

    is the federal reserve charged with promoting jobs growth?

  505. annor kingsley September 26, 2011 at 11:52 am #

    Is the economic demand for a particular product determined solely by its usefulness?

  506. PNO September 26, 2011 at 6:02 pm #

    What will stop the Fed from printing money? Essentially, even if it suffers losses on its balance sheet, it can write off debt, and start a new with essentially no cost to it.

    Essentially, inflation will not be a problem because the losses are just being replaced by its new money.

  507. Tanya September 30, 2011 at 4:27 pm #

    I have to write a paper on the topic: Can Germany afford renewable energies?
    this paper is for Financial management in the public sector. How can I analyse whether germany can afford it or not. Should I think of the cost and benefit analysis in this case. I have a hard time with the plan of the paper? I would appreciate any help

  508. jittu October 6, 2011 at 12:52 pm #

    As a country with a persistent large account deficit, should it do devaluation and liberalization to cure the persistent large account deficit? I would like to know about a persistent large account deficit too. Please, answer my question with a case study as an example.

  509. Nicolas October 7, 2011 at 12:02 am #

    Hello,
    I am wondering why the 75 billion of quantitative easing that the Bank of England anounced today to be “injected into the economy” isn’t spent on infrastructural projects? Why spend those funds on government bonds? This doesn’t seem to be the best way of using these funds. Many thanks.

  510. PNO October 7, 2011 at 4:52 am #

    If the Federal Reserves buys shares, gold and property, instead of bonds, is debt created?
    In this situation does this cause inflation or deflation?

    Can they do this?

  511. PNO October 7, 2011 at 4:53 am #

    What causes the Federal Reserve to fail? Is this possible? Why were the previous central banks abolished?

  512. Eugene October 9, 2011 at 7:56 pm #

    How is the philips curve affected by having indexed labor contracts?

  513. ricardo October 10, 2011 at 2:42 pm #

    Jen is currently maximizing utility by consuming 7 units of A, and 8 units of B. If the price of A is 3 and the price of B is 15, then what is the value of MUB/MUA?

  514. esra October 16, 2011 at 5:25 pm #

    1. Explain the difference between wealth and income and explain one factor which causes wealth inequality.

    2. ‘Society may come to the view that too much inequality is unacceptable or undesirable’ Analyse how the existence of inequality can cause economic problems, such as market failure.

    3. Evaluate the view that the most effective way to reduce poverty is to increase significantly the state pension.

  515. Chase October 17, 2011 at 11:02 pm #

    What is the opportunity cost of the financial resources used to finance the purchase of capital?

    • wendel March 30, 2012 at 12:45 am #

      The real interest rate

  516. selvi October 26, 2011 at 10:01 pm #

    Consider a world with two countries, England and Portugal, each of which has an endowment of 100 units of labour. There are two sectors, Wine and Cloth, and technology is different across countries such that output of Wine and Cloth per worker differs across the two countries. Output per worker across sectors and countries is given in Table 1 below.

    Table 1: Output per worker

    Output/worker England Portugal
    Wine 6 8
    Cloth 12 4

    (a) Define the concept of ‘absolute advantage’. Based on table 1, is it true that England has an absolute advantage over Portugal in every sector?

    (b) Draw the PPF of England and Portugal in two separate diagrams, placing Wine on the x-axis and Cloth on the y-axis. What is the opportunity cost of producing Wine in England? How about in Portugal?

    (c) Define the concept of ‘comparative advantage’. Which good does Portugal have a comparative advantage in, and why? What about England?

    (d) Suppose that from an initial situation of no trade, England and Portugal sign a Free Trade Agreement that allows them to trade freely with each other. Further assume that the goods are traded internationally one-for-one (the terms of trade); that is 1 unit of Cloth would be exchanged for 1 unit of Wine. Show that Portugal would gain if it were to export 2 unit of Wine to England in exchange for Cloth, rather than producing the Cloth domestically. Similarly, show that England would gain if it were to export 2 unit of Cloth to Portugal in exchange for Wine, rather than producing the Wine domestically.

    (e) The terms of trade between England and Portugal were assumed to be one-for-one in part (d). Suppose instead we do not know the terms of trade between England and Portugal. Identify the range within which the terms of trade must lie in order for trade between England and Portugal to be mutually advantageous, and explain why the terms of trade cannot lie outside this range.

  517. Sahil November 25, 2011 at 7:08 pm #

    You are working for Coca Cola as marketing head. The company is planning to float a new
    drink which is white in color. What lessons from the concept of elasticity can you draw while fixing the price for this new drink?

  518. marwah January 29, 2012 at 10:02 am #

    why earnings may be different between occupation in the same sector?

  519. Rich February 9, 2012 at 2:46 pm #

    what is production function & cost function? and show me the necessary steps to calculate them

  520. mary March 24, 2012 at 6:34 pm #

    a) Explain how a perfect market responds to changes in consumer demand (50%) and identify and explain the important differences between a perfect market and a market with which you are familar(50%), referring to the products competing in that market and their prices

  521. Michael March 27, 2012 at 4:55 am #

    Is Surplus and Savings the same thing?

  522. bob April 24, 2012 at 4:43 pm #

    If a firm finds that its marginal cost of production is $30 and its marginal revenue is $25, explain what would be the appropriate response if the firm’s goal is to maximize profits. Use marginal analysis in your answer

  523. bob April 24, 2012 at 4:43 pm #

    A firm finds the following about its costs: AVC = $10, ATC = $15, MC = $12. The firm sells its product in a competitive market for $12/unit. The owner asks you for a recommendation on whether to continue to stay in business. What is your recommendation to the owner? Be sure to give economic justifications for your recommendations.

  524. bob April 24, 2012 at 4:44 pm #

    Economists believe that, for the most part, free markets work in an efficient way to allocate scarce resources to their most valued uses. In the model of perfect competition, firms act in their own self‐interest by trying to maximize their own profits, but as a result, society ends up using resources efficiently. Suppose the demand for beef fell for some reason. How would firms respond to this in the short run and in the long run? Clearly explain the process of how firms end up utilizing resources as efficiently as possible. Use diagrams to supplement your answer

  525. Jacob May 6, 2012 at 2:18 am #

    I have a question regarding stimulation of the economy. If I am right, the point in which we start to leave a recession or depression is when firms believe that we, as an economic entity, have hit the worse we can hit, and that therefore, since it’s not going to get any worse, that it is logical to take advantage of low interest rates, and therefore barrow money, therefore start hiring, and therefore, through the firm’s very own personal interest, contribute to the recovery of an economy.

    Now we know that the federal reserve tries to accomplish this by buying bonds, therefore liquidation of funds, therefore increased supply in the loanable funds market, therefore low interest rates. Therefore, that amount of money that has increased, even though there is a lot of it, it still has an interest rate for a firm wishing to barrow that money because the debtor obviously has an interest to make money.

    So, basically we have the FED using it’s money to liquidate the fund’s of other people, and those other people are lending, or a portion of them are lending, the fund’s that they now have because of the FED. Wouldn’t it make more sense for the FED to, instead of purchasing bonds so that those people that held the bonds may become debtors, to rather just lend the money directly to firms at a zero percent interest rate?

  526. kevin June 10, 2012 at 11:29 am #

    Hi there, I’ve got 4 questions I have in mind,
    1. How does the economy grow in the classical system?
    2. How is economic growth achieved in the classical system?
    3. What is the main driver of output, employment and inflation in the Keynesian System
    4. How is employment explained in the Keynesian model?
    I

  527. Mike June 18, 2012 at 2:10 pm #

    Hi.
    I have a question which really i couldnt find any real evidence to find out the answer.
    The question is that if a company or bussiness ( giant or small) can have 60% or even more annual profit?
    I mean that i see mutual funds offering really high percent of profit annually but i dont know if it is reliable and practical or not. And i couldnt find out that how much did giant companies like Shell , Woodside ,Apple or Toyota did profit last year .
    Where can i find out about their profitibility?
    Another problem i have is that i could find some numbers showing how much for example Shell profit last year but these numbers didnt clean out about the percentage they benefited.
    Thanks in advance.

  528. johnny June 21, 2012 at 6:49 am #

    Is this possible? what markets do behave like this?

    https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/s480x480/285715_3257163432183_1261939441_n.jpg

    • Tejvan Pettinger June 21, 2012 at 5:25 pm #

      Cost push inflation in first year (SRAS to left) Normal growth (increase AD) in second year

  529. Aditya Gupta July 8, 2012 at 8:32 pm #

    hi,
    i know this will be a very naive question but i am new to economics.
    this is a basic doubt,
    i read today that US owes an overall debt of 16 trillion, similarly india is also too worried on its fiscal deficit, i think that every country owes some debt. so if every one owes some money, then where is that money coming from???, or in other words, if everyone’s account balance is in -ive then where is that money come from and to whom do they have to pay it back to???

  530. Mark August 6, 2012 at 10:37 pm #

    What are the primary methods for utility elicitation, and what are the strengths and weaknesses of each of them?
    Also how are utilities calculated using a survey-based quality-of-life instrument?

  531. Marc August 6, 2012 at 11:06 pm #

    What two or three economic theories of health behavior, could help me determine whether younger adults would be more or less likely than older adults to
    brush their teeth after meals?

  532. Mikey August 6, 2012 at 11:08 pm #

    What are the primary methods for utility elicitation, and what are the strengths and weaknesses of each of them?
    Also how are utilities calculated using a survey-based quality-of-life instrument?

    Your comment is awaiting moderation.

  533. Ivan November 1, 2012 at 10:48 am #

    Anne has a job that requires her to travel three out of every four weeks. She has anannual travel budget and can either travel by train or by plane. The airline she typicallyflies with has a frequent traveler program that reduces the cost of her tickets depending onthe number of miles she has flown in a given year. When she reaches 25,000 miles theairline will reduce the price of her tickets by 25% for the remainder of the year. When shereached 50,000 miles, the airline will reduce the price of her tickets by 50% for theremainder of the year. Graph Annes budget line, with train miles on the vertical axis andplane miles on the horizontal axis.

  534. Bob December 8, 2012 at 7:09 pm #

    Hi,

    Why is Total revenue at its maximum when PED is -1 ?

    Thanks for your help in advance.

    • Mila March 5, 2013 at 12:12 am #

      Hi, I’m doing a history project and my topic is related to Economic Inequality and social justice. I was wondering if I could interview you maybe through email just 2-3 questions. I would really appriciate if you could email me back asap! Thanks!

  535. zalina March 24, 2013 at 9:35 pm #

    To what degree has a commitment to social justice been significant in creating Canada today? (based on economic inequality)

  536. kenny_p April 22, 2013 at 2:37 pm #

    Hi… I have been digging into literature related to firms going abroad (entering foreign markets). By a simple spelling mistake i stumbled on two different theories. Internalizing theory (buckley and Casson, 1976) and internationalization.. What is the difference?

  537. Samuel April 24, 2013 at 11:58 pm #

    Define fisical policy and describe 4 ways in which fisical policy can be use to regulate economics activites

  538. Bre May 6, 2013 at 2:01 am #

    Is outsourcing beneficial to the global economy? Why?

    Is outsourcing beneficial or detrimental to education? Why?

    Your answers are greatly appreciated! Thank you!

  539. baudoin January 18, 2014 at 1:28 pm #

    just to be one among your idears

  540. Vladimir February 5, 2014 at 11:35 pm #

    Help solve the problem of Securities
    Owner of securities companies located in the country A, sends them over the years to his brother that lives in country B. changing the value of GDP, GNP, ND A country? Counted as income on securities of private enterprise?

  541. nim March 23, 2014 at 12:54 pm #

    I’m having trouble, understanding the information provided to me in my coursework in order to try plot the appropriate short run cost and revenue curves to find the maximum profit, break even, output maximum and total revenue maximum. I just needed some guidance in how to do this with the information provided. I don’t know what currency it is or what type of output it is ie unit or boxes

    ‘the most efficient short run method to produce q output of olive oil is with full time workers L = 0.0189 x Q’

    the short run cost of a worker is w=25204.738
    rent of building =190 and capital costs are 62

    inverse demand curve are p=1905.12 – 26.46q

    Hope you can help

  542. John March 29, 2014 at 4:16 am #

    supply side economist argue that government should regulates the supply import.

    pls. discuss this article.

  543. zach May 6, 2014 at 6:26 am #

    Discuss Research Bias, sometimes called Directive Research or Reverse Research and what are the results?

  544. yogi May 21, 2014 at 11:39 am #

    hi, what happen if the question ask for cost-push and demand-pull inflation explain using diagram and what the cause for 8 mark.
    i draw diagram stating demand and supply instead of aggregating demand n supply but i answer the cause correctly will i get some marks instead of zero.

    • Tejvan Pettinger May 22, 2014 at 8:16 am #

      it depends what you write, but you could definitely get some

  545. Leander July 21, 2014 at 6:40 pm #

    What impact does the Loose monetary policy have on FOREX

  546. reza July 25, 2014 at 10:27 am #

    hi
    I have question

    what effect might a rise in bond prices have on consumer’s decision to spend?

  547. terence July 28, 2014 at 11:01 pm #

    why politics and economics cannot be seen in insolation?

Trackbacks/Pingbacks

  1. Readers Questions II | Economics Blog - February 5, 2008

    [...] first Readers Questions has had 100 [...]

  2. Readers Questions III — Economics Blog - May 22, 2008

    [...] first Readers Questions has had over 150 [...]

  3. Readers Questions IV — Economics Blog - January 12, 2009

    [...] first Readers Questions has had over 150 [...]

Leave a Reply

Optimization WordPress Plugins & Solutions by W3 EDGE