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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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Hi I would like to get some help on this question, if u can help me can u please send me the answer for this questions on my email, [email protected] i will be grateful if u could do that for me, the questions are bellow:
• Definition of BOP
•
o A recent summary of Ireland’s Balance of payments used to explain the following
• Current account and its sub-components
• Capital and Financial account and its sub-components
• The need for balancing items
• Reserves
• Why the BOP must balance
• Describe economic problems caused by deficits
• Describe polices designed to correct a deficit
Thank you
1.—How would you define ‘elastic’ and ‘inelastic’ demand in transport? (Can you also give example, because based on your note on this topic its too general)
2.—The impact and its effects of cheaper air transport on the inland river and road transport systems.( inland river, I don’t quite understand, can you explain its for me.)
Thanks.
When any Commercial Bank makes a loan, it creates the money out of thin air. When the loan is payed back, the Bank only keeps the interest, the principle, the money created out of thin air, is retired, destroyed. This makes sense because money represents labour (we hope!)and cannot exist in two places at once. Given this fact, (well I hope it is) I would now like to ask a question of you-all. If I was to buy a US Treasury Bond, I would get back the principle of my loan, plus interest; WHAT ABOUT the FED, when they buy a US Treasury Bond with money they created out of thin air, they get interest, BUT what about the principle, is that money retired, destroyed, or do our generous benefactors get to keep it as well. Thank-you for your learned consideration of my question.
In terms of people working for their incomes –I see them belong to one of the 3 following groups:
1) Public sector workers-directly employed by the government
2) Workers in the private sector who supply the public sector
3) Workers in the private sector who do not supply the public sector.
My question in relation to the UK with a population of 61.7 million is how many people are in each group 1, 2 , and 3 ?
Would you please explain how excessive speculation in futures trading leads to hoarding of commodity and subsequent price rise?
Thanks,
Satyajit
There must be a reason for ‘excessive speculation’
Possibly best information suggests that a genuine increase in demand is afoot and supply is in elastic
Speculation does not necessarily cause ‘hoarding’ .Hoarding costs money
The speculator anticipates the future and wishes to buy cheap in the present and then sell expensive in the future.
If he hoards to further restrict supply. Then he could make even more money,dependent on storage costs and selling price.
This can have a long term positive effect on the market because it will provide justification for others to organize future extra supply
If then demand changes to normal – prices will fall.
The speculator will have to speculate somewhere else
hi,
why might prolonged weak demand make temporary losses in output structural and permanent? (martin wolf’s views, financial times, 30 september 2010)