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I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
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Hello Seeker
Undervalued yuan has strong effect on world economy. This makes China’s production cheap which is more easier to sell. Anyone can see Chinese goods in his city. It reduces employment in other countries and their exports. But China also have to pay its cost to some extent. China is also paying value into other economies ie its goods are exchanged at discounted values. It is not possible in long run. This is reason it has to make adjustments with quality.
India and china are growing more than 8% annualy.
America and England are growing at much lower rate.
It shows that economy of these countries would be much bigger than countries like USA, England,France etc because these countries has more population.
Can anyone tell me at which rate America and England ‘S GDP had grown (inflation adjustable) between 1945-1995
‘Economic theory suggests that a firms average cost curve is u shaped in both the short and long run’ Explain this statement and consider whether it is always true.
For 25 marks
Diagrams and analytical discussions based on assumptions and theories.
Suppose you operate a Toy Museum in Kuala Lumpur City Centre. The museum is visited by local and foreign tourists by paying discriminated entrance fees.
(a) Show and explain the demand faced by your museum.
(b) When would the museum prefer to have only a single price for all? And who would then be the main visitors?
(c) What is the main condition for you, as the operator of the museum, to offer special price to the local tourists? What and how would you gain by doing this?
(d) Discuss the deadweight loss under the conditions where price discrimination can be practiced vis-Ã -vis it cannot be exercised.
How did the government and /or central UK bank respond to there recession?
Hey, may i know what would be the economic effect of an undervalued yuan on the rest of the world?