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. sir any economic website from where i can get several answer for 11 & 12 standard only

    thank you sir.

  2. 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.

  4. how consumers allocate their expenditure between products as price changes according to utility theory

  5. . 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

  6. 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.

  7. 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.

  9. Q3. What do you think about the performance of Public Private Partnership model in India? Support your answer with suitable real world example.

  10. 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.

  11. 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.

  12. Help me answer this question….
    Q. Under what circumstances can a country realize economic growth but no economic development?

  13. If a progressive taxation is going to supposedly “reduce the gap between the rich and poor”, how and why does this happen?

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