Economic Questions V

You are welcome to ask questions on Economics. I am looking to explain economic principles / ideas/ recent developments in economics. Due to the volume of questions, I can no longer promise to answer. But, I will try if it meets below criteria.

I will post the answer on this blog, for everyone to benefit from. I never email individual answers

Please Bear In Mind

  1. Use google custom search (top right) to see if question has been asked. If I have already answered a question I don’t tend to repeat it.
  2. The replies will be guidance and not for duplication. Your essays should be your own work.
  3. Don’t ask me to do your coursework / assignment e.t.c. The answer will be published here where your teacher can see it.
  4. My speciality is economics for British A Level standard.
  5. I don’t answer university questions or maths calculations
  6. I am looking to explain economic principles / ideas/ recent developments in economics.
  7. I will answer as a new post. Check home page of blog for new post. With question and answers

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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467 thoughts on “Economic Questions V”

  1. for example in a very small economy with a money supply of 30$ a person gives loan to someone say 10$ and fix the interest rate at 1$ per day then how can he get his dollars back with interest i.e 30$(original money)+10$ interest as the money supply is the same 30$

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  2. iam saying that the government prints money and gives us in exchange for something but when a country will be made govt.will print money out of thin air as is the case now that is we don,t have any gold standard then in this way govt will create(print) money and confiscate our wealth isn’t it please sir answer this question?

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    • Sometime it is necessary to cut spending on education specially in current conditions it may be necessary to decrease some expenditure on education. Although expenditure on education is good for quality of human resources. But there may be some expenditure which may be unnecessary . Some time if govt cut little pay of staff this may not make bad effect on education system. Education makes human resources more productive and efficient.

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  3. my brother asked me why people where so stupid in the economy? i told him because of the way they have been raised. then he asked me why our higher superiors weren’t making our economy better but much more unsafe. Then he asked me why some of the major food companies that raise animals are murdering their animals in a cruel way! like banging male piglets heads on the ground or male chicks getting grinded alive!!! and i said i didnt know and he told me to ask the economy!!! economy be asked!!!!!!!!

    Reply
    • Yes governments are not doing their duty on economic matters. Our economies are unsafe and there is no proper vision for future. Now leaders of Greece and European Union are crying but is it a natural economic condition? Not it is due to fault of Greece leaders.
      Why did they close their eyes when Greece Debt was out of control and they continue huge spending. Secondly there is very less investment in renewable energy resources.
      We really admire future vision of French leaders.
      Oil price would really go much high and what would we do ?
      No one is thinking and no one is caring economies. We leave them independent .

      Reply
  4. whats the percent of money being made on carpets every year. i need to know for a paper in econimics class. please if you know comment. (: thanks!!!

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  5. An economist has estimated that near the point of equilibrium, the demand curve and Supply curve for bonds with a $1000 face value can be estimated using the following equations:
    Bd: price= -2/5 quantity+940
    Bs: price = Quantity + 500

    a.what is the expected equilibrium price and quantity of bonds in this market?
    b. Given your answer to part a., which is the expected interest rate in this market?

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