Ask Economics Question

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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 🙂

579 thoughts on “Ask Economics Question”

  1. What happens to the efficient allocation between public and private goods as an economy becomes wealthier?

  2. 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?

  3. 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?

  4. 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?

  5. 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?

  7. 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?

  9. 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?

  10. 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!

  11. 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

  12. 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

  13. (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)

  14. Define briefly the terms ‘inequality’ and ‘poverty’. How do we measure them and what are the main issues in their measurement?

  15. Do The Central Bank expected to perform certain useful functions in the economy?

    Assess the various activities of a Merchant Bank in modern economies

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