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.
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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.
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Can you please Explain The concept of utility
Suppose a proposed new road to be constructed in north Carolina between Raleigh and Morehead City will lower the average cost per trip by car from $5 to$4. Currently 500,000 trips are made between the two cities per year. An estimate indicates that, all other things being equal, the new road will increase the number of trips per year to 600,000. Calculate the annual benefits to motorists of the new road as based on their willingness to pay. Plz tell me the answer of this question.
please can you please explain balance of payment for me. Thank you very much
the balance of payment is a systematic record of all international legal economic transactions that have been taking place between the residence of the reporting country and the residence of the other country.
this explains about how much the is being spent by consumers and frims on imported goods and services. and how successful firms have been in exporting to other countries.
How can supply side policy fix demand-pull inflation?
Could you please explain the role of the Central Bank to speed up the economic progress of a country at the end of the war against covid 19.
Hello, firstly thank you for providing us with this useful resource.
My question is MC=MR is the profit maximization condition. But what happens if there are no costs?
Then it will be about maximising revenue (where MR=0)
What are the roles of specialization of labour in production
Hii can you explain me about the absolute and relative poverty . state the reason as to how both can occur?
How far demonetisation affects the money supply
Hi, if a saver has $50,000 in a bank and QE was started at a very amount, would it be better to buy gold instead?
Thanks.
Thank you for your prompt response.
Could a constrain in firm capacity to take on extra employees cause for the demand for labour to not adjust (upwards) immediately?
i.e. a lagged response in the upward adjustment in labour demanded.
how is inflation, output gap and monetary policy related?
Effect of bitcoin on economy?
why monopoly sometimes earn normal profit
demand is given by q = 1-p
Is there a difference between foreign liabilites (which are used to calculate the net international investment position of a country) and the external debt of a country????? I thought they are synonyms but I am finding different values for the two.
Thank you in advance!