Ask Economics Question

by

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. Hi, Can you tell me the possible justification for the existence of monopoly on alcoholic beverages?
    thank you very much

  4. Name the functional areas of business management for example, Purchasing, operations, marketing and financial management.

  5. 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?

  7. 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

  10. i have 1 question
    Briefly describe what economists do and their typical working conditions.thx be4 😀

  11. 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 .

  12. 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

  13. 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!!!

  14. 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?

  15. 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?

Comments are closed.

Continue Shopping →
Item added to cart.
0 items - £0.00
Checkout