Ask an Economic Question

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 where 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.


2,516 thoughts on “Ask an Economic Question”

  1. Historically, why does inflation continue to rise leading to an erosion of purchasing power…is this a phenomena restricted to last 100-200 years or is it a phenomena that has happened continuously since the invention of trade and money?

  2. 2. Explain Quesnay’s Tableau Economique in a clear and understandable form. In your explanation, show how the flow of income moved (where it started and where it flowed to) and how the economy in general also grows. In addition, explain how the Tableau Economique can be compared to the circular flow diagram often used in economics textbooks today?

  3. Why is the dual expenditure minimization method a much more practical way of obtaining the optimal price level of goods than the indirect maximisation method

  4. 34 new train stations are being built, surely this will help to level up the country? In general does a new train station mean higher property prices In the area?

  5. Why may government impose price control in and economy and what are the implications of price control in an economy

  6. Assume that a company deposit #100000 in a bank the reserve ratio is 20%. To what extent can the bank increase money supply in income determination under acceleration principle, when change in income is #200000

  7. How does the mixed economy system apply in South Africa
    How does the mixed economy benefit local government and how does it also disadvantage local government

  8. In fixed exchange rate system can it be possible the transparency of the actual value of currencies of multi countries. what will be the constraints of transparency.

  9. You say that a currency can devalue against other currencies.What you failed to mention,is that is only true under a fixed exchange rate system.It cannot happen under a floating exchange rate system.Most developed western democracies i believe,are under a floating exchange rate system.,where depreciation and appreciation occur.


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