You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
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- I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
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The term defined by representing the cost of the shopping basket of goods and services of a typical South African households.
What are the indirect social benefits of the economic policies aimed at growth?
What is demand
Demand is the willingness and ability of buyer to buy a commodity at a particular price.
huge AD = small AS
The precedent of selling an entire country/state has been set, eg Alaska sale to the US in 1867. How would a price be derived for such a sale ? Net worth of the Country/State as starting point plus good-will factor ?
Elon Musk now has personal net worth greater than the country of Luxembourg (or indeed the combined 13 nation states that make up the Caribbean) . Is it feasible an individual could purchase a Country (or region of them) ?
at what condition increase in wage lead to economic growth?
What is production possibility frontier (ppf)?
What is type of trade barrier that exist of international trade
What causes a shift in demand? If a fall in people’s income causes them to demand less of product.
why does deflation lead lower spending not more, but during deflation the prices of goods and services become low?
Explain why women take up lowly paid jobs
Taxi service is a normal good, right? People might have their own cars, so could it be luxury? Thank you!
Yes. Probably luxury. If income goes up, you can afford more taxi rides
Human development and economic growth and are two paradigms that imply different objective,measurements techniques and policies.discuss