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 university (a) & (b) are private ,and have PED =1 ,they are forced to increase or decrease the price ,what option should they adopt ?

  2. 1)how does the law of supply operate.
    2) how can i describe forms of the gov’t can use to regulate price of a commodity.

  3. Following the quantitative easing which took place as a result of the 2008 banking crash, does this mean that a country’s economy can function effectively without the taxes which workers pay into the economy? Can workers be socially engineered out of a country’s economy?

    • No. Q.E. was only a temporary measure for the particular economic circumstance, we still need taxes.

      Also, workers are definitely needed to produce output. Q.E. is only increasing money supply – not creating output.

  4. Dear Sir,

    I would like to know about whether the production possibilities frontier can be used to measure the combination of goods and services such as cars and transporting services? Or, it can only be used to measure combination of 2 physical goods?

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