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 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”

  1. If there is a deflationary gap we say that resources are not being used to the fullest extent possible, but on the other hand the economy will never fully employ all resources to the fully extent possible, so there will always be a deflationary gap? I mean, we cannot fight it, or can we?

  2. # what is term economic?
    # why the average cost is “U” shape?
    # why the demand curve is sloping downward?

  3. How can there be any debt, deficit in (US) dollars, currency of any type, kind- in any country? Can we use a dollar amount, currency value to calculate the value of a human life? Any life?
    What is the validity of even counting money, currency?
    We can not use money, currency to control if someone lives or dies, but that’s what we do cruelly it seems.
    Is it true that wealth is measured differently?
    How can 1% “own 95% of wealth” if there is such a measure? How did we get so controlled by money? It seems having a lot of money does not make one happy but having none hurts-its hard to get by sort of speak.
    How does the deficit and debt relate to the Cost of Living and determination of the Federal Poverty Level guidelines in the United States? How can there be such differences in income period? In 1985 an orange was 29 cents and now its a dollar twenty nine…
    Why is there not a balanced budget? A household can not just make, take, use money for its wants endlessly how can the government? What does the government produce to help its populous live a good life? What does the populous produce to maintain itself plus the government? Is it possible to do both?

  4. how much protectionism or free trade favourable for under developing countries? and which one is best for these countries?

  5. Suppose the demand for a product can be represented by Qd =120 -3P ,while supply is given by Qs =40+2P ,where P is price in rand .The equilibrium price of the product is what ?

  6. Hi I just want to no if u working for a company and thecboss keep tell you wait on SARS to realise the money want is that wait for 3 months now

  7. Briefly explain when a problem is economic and not an economic problem.give examples in each case

  8. Dear Mr. Pettinger,

    after a linear regression, I have got the result that the increase of bank deposits causes increase in the return of a stock index (composition of more than only banks). However, I have expected a negative relationship as bank deposits are usually a substitute product to securities. Additionally, when observing the increase of bank deposits in the previous and in the future period (quarter), their impact is negative on today’s stock return. What could be the reason? Thank you a lot in advance!

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