Ask an Economic Question

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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.
  • The question and answer will be published here so that everyone can see it (including your teacher!)
  • 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

Add comment at bottom of post.

mail(at)econoimcshelp.org

2,583 thoughts on “Ask an Economic Question”

    • Simple and concise definition is “Cost of the next best forgone alternative”
      For example you can either go to your economics class or go play football with your friends. If your choice is to go to your economics class, playing football with your friends would be your opportunity cost.

    • It is a downward sloping curve which shows at a higher price less quantity of a given product or a service is demanded and also at a lower price more of the good or the service is required. However we assume all other factors are constant.

  7. Yes,I am very happy to see such question and also I will be convenient to ask any questions, thanks for your cooperation.

  8. I live in the US since retiring from the UK 18 years ago and receive a pension paid at the USD/pound sterling exchange rate.
    Over the past 7 years the value of the pound/dollar has dropped 17%.
    Is there some strategy for paying my pension through some other county’s banking system to reduce the impact of the falling value of the pound that you know of, please?

  9. Any suggestions for minimizing the depreciating value of the pond sterling against the US dollar.
    My UK pension for the past 18 years is sent direct to California through the conventional exchange banking system but in the past 12 months has depreciated 17%.
    I can have my UK pension sent to me via any country if that would help.
    Thanks,
    Bob

  12. Economic theory says that when Quantity (Q) increases Price (P) should ordinarily fall. After the 2007 crisis in the USA, the FED pumped billions of Dollars into the economy through QE. However the price of dollars, interest rate has not only fallen lower, but is closer to zero as of today ( 2016).
    How do you explain this?

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