You are welcome to ask questions on Economics. However, due to volume of questions, I can no longer promise to answer all questions.
I will post the answer on this blog, for everyone to benefit from.
I shall try to answer the economics question and / or point to other resources but please bear in mind.
- The replies will be guidance and not for duplication. Your essays should be your own work.
- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
- I can’t guarantee to always give full answers it also depends on my time schedule.
- I will answer as a new post. Check home page of blog for new post. With question and answers
- Generally, I don’t answer questions, which involve mathematical calculations, they tend to be doing someone’s homework. however, I may give examples, of calculations, if I think it helps explain economics principles.
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
Related
- The first Readers Questions has had over 150 comments.
- Readers Questions II
- Readers Questions III
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what is the difference between financial crises and econoimic crises?
How can we have both inflation and deflation in the economy at the same time? (the RPI falling to 0% and CPI rising to 3.2%)
hi i have some Questions pleas Anwser these question as soon as possible. i ‘ll be very thankful to you.
Q1. The price of good A goes up. As a result the demand for good B shifts to
the left. From this we can infer that?
Q2. A rational person does not act unless?
Q3. When government sets the price of a good and that price is below the
equilibrium price, the result will be?
Q4. The reason for the law of demand can best be explained in terms of?
Q5. Which of the following is a positive statement?
Q6. Economists use the term marginal utility to mean?
Q7. The income-consumption curve?
Q8. The income elasticity of demand is the?
Q9. The slope of an indifference curve reveals?
Q10. An isoquant?
Q11. The demand curve and its inverse relationship between price and
quantity demanded are based on the assumption of?
Q12. Economics is about the allocation of scarce resources. Which of the
following is NOT an example of economic scarcity?
Q13. Which of the following is a normative statement?
Q14. The substitution effect of a wage increase will lead a person to?
Q15. Which of the following statements about indifference curves is NOT
correct?
Q16. A self-employed accountant spends a lot of money identifying clients
and advertising her services. These activities are an example of?
Q17. Assume that a firm is a price taker in its input markets. If the firm’s technology is characterized by diminishing marginal physical product of its
variable input in the short run, the firm’s short run?
Q18. Which of the following statements describes the presence of diminishing returns?
Q19. Diminishing marginal returns implies what?
Q20. The largest amount of output that a firm can produce with a given combination of inputs is determined by What?
What is the difference between a recession and deflation,in respect to the present economic situation?
Hi I saw this question…….
list the barriers to exit that a firm faces when trying to leave the market..
I can understand the barriers to entrance but exit I can only think of the costs of paying off the employers….
Am I on the right track? can you help?
I have the following questions as part of my assignment. would you please help me.
1. What is a cartel.
2. Draw & explain the graphs dermacating ths operation of a cartel.
3.Discuss with the help of a graph the reasons why cartels fail.