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. which financial product to offer to an young couple. When CAD is expected to decrease in net 2-3 quarters.

  2. why do some economics disagree about the most efficient size of any given hospital in a country?

  3. how can the government use nationalization to enhance economic development in their countries?

  4. Q1. how housing investment affect the Balance Of Payment (BOP)?
    What econometric model is suitable to analyse the impact of housing investment on BOP?
    How can we do predictive analysis (multiple regression) to study these impact.
    What variable or factor one need to include as explanatory variable or such econometric model(multiple regression)?

  5. Is corporate tax is included in national or domestic income .wether the corporate tax is part of operating surplus

    • The economy of Nigeria is not what economist will describe in true sense as ECONOMY.
      Nigeria produces almost nothing what we thought is production is no production as some few companies buy some parts from international market and couple them together. Take some soap manufacturing companies as example they buy almost 100% of the chemicals from foreign market and mix them together to produce their soap . This is how most companies in Nigeria operates.
      For a country to have stable prices they must produce locally . For example the soap manufacturers like other companies must source at least 70% of their raw materials locally which will generate economic activities in the economy that makes for abundance in production and create stable prices.

  6. I have been given economics assignment analyzing the impact of increased oil price on a transport industry company.The question worth 10 marks please help me with the tips to answer the question. The second question is if the population of South Africa grows with 3.4%, what impact will this have on the number of policeman required to maintain order.Please assist me with the tips as well to answer the question

    • 1.The demand of the product or goods
      2.The price of the product or goods.
      3.The production and supply of product or goods.

  7. how to calculate total spending function and equilibrium income given y= $500m+0.85y; m=0.3y; I=$900m; g=$850m; x=$1,840m and t=0,21y and show on the graph

  8. Is an appreciation of the exchange rate expected to improve the balance of payment?

  9. Can you please explain or breakdown the definition of Production Possibility Frontier (PPF)?

  10. I heard it said that Brexit might lead to a 40% drop in trade and a corresponding 2-3% drop in average incomes. As GDP grows annually by about 2% in normal times, it seems that the cost of leaving the EU would be just 2 years’ growth (if GDP growth can be used as a proxy for average incomes). This seems very modest but is it true? Also it seems remarkable that a near halving of trade has such a modest effect.

    In the same vein, I have seen it written that climate change might lead to a few, maybe 5, percent drop in GDP by 2100 (estimates vary). Again this implies we will reach a particular level of prosperity only a few years later than without climate change.

    There’s much more involved in Brexit (about which I’m agnostic) and climate change (about which I worry) than purely these numbers, but the numbers alone seem poor justification for policy. Am I wrong?

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