Readers Questions II

You are welcome to ask questions on Economics.

I will post the answer on this blog, for everyone to benefit from.

I shall try to answer the economics question and / or point to other resources but please bear in mind.

  1. The replies will be guidance and not for duplication. Your essays should always be your own work.
  2. My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
  3. I can’t guarantee to always give full answers it also depends on my time schedule.
  4. The answers will not necessarily be complete. I know several of my essays on this site could be improved.
  5. I will answer as a new post. Check home page of blog for new post. With question and answers
  6. If you leave your email in the comments, I can try and let you know (email will not be published)

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.

If you find the information useful, you are welcome to buy me a coffee.



 

143 thoughts on “Readers Questions II”

  1. Hi
    I have an essay thats due soon and its about the size of the goverment. Is large goverment bad for growth? to what extent does emperical evidence support this assertion?
    Please help me answer this question by giving me guidelines to follow.

  2. When Mr.Ahmad’s income was Rs.10, 000, he bought 20 liters of milk per
    month, when his income increased to Rs.2, 000; he purchased 24 liters of
    milk per month. Assuming to change in the price of milk, what is Mr. Ahmad’s
    income elasticity of demand for milk?

  3. Please Give some comments on my given below Question…….EXPERTS!

    What are the major determinants of price elasticity of demand? Use
    those determinants and your own reasoning in judging whether demand for
    each of the following products is elastic or inelastic.

    a. Bottled water;
    b. Toothpaste;
    c. Crest toothpaste;
    d. Ketchup;
    e. Diamond bracelets;
    f. Microsoft Windows operating system.

    THAN YOU VERY MUCH

  4. explain what effect will each of the following have on the
    demand for product B.

    a. Product B becomes more fashionable.
    b. The price of substitute product C falls.
    c. Income declines and product B becomes an inferior good.
    d. Consumers anticipate the price of B will be lower in the near future.
    e. The price of complementary product D falls.

  5. What are the implications of a growing fiscal deficit? (60 marks)
    Especially need a strong evaluation points and some ideas for this essay.
    Can you help please

  6. Hi there,

    please can you assist me with this…

    a. The remedies supply-side economists put forward to reduce unemployment

    b. Evidence of governments who have used supply-side measures to reduce unemployment and a discussion of what effects those measures have had.

    c. Explain whether the government should tackle the causes or symptoms of unemployment

    and lastly…

    d. xplain the benefits of increasing the rate of unemployment benefit for

    1.the unemployed
    2. soceity
    Identify andy costs that may result from such a policy.

    I sure hope that u can help me.

    Thank you very much

  7. What are the implications of a growing fiscal deficit? (60 marks)
    need some ideas and evaluation points
    thanks

  8. factors that close the employment gap between different groups of workers. really appreciate it 😉

  9. When Ahmad’s income was Rs.10, 000, he bought 20 liters of milk per month, when his income increased to Rs.2, 000; he purchased 24 liters of milk per month. Assuming to change in the price of milk, what is Ahmad’s income elasticity of demand for milk?

  10. my Q is
    “the only viable solution to the problem of global warming is an international agreement that sets a ceiling to the world’s production of carbon emissions, by allocating a quota to each contry. The sum of the quotas being set equal to the agreed global maximum. countries should then be permitted to buy and sell their quotas”

    where do i start!?

  11. The economic crisis in the Far East has severely affected producers and consumers in that region.The fall in demand for goods in Asia is likely to have repercussions for goods market in Europe.Using the concept of “demand”,”supply” and “elasticity” examine what effects the crisis may have on British consumers and producers of consumer goods in Europe.

  12. Hi,
    iam preparing for my exams and iam not able to understand this question please could you explain me about it…………
    “Microeconomics involves the study of models. These are central elements of theories”. Discuss the statement by providing examples of such models.
    Please help,
    Looking forward for your post
    Prachi

  13. hey ,
    could you please help with the markets chapter , and give me detailed explanation about them and the comparisons with diagrams ?

    thank you.

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