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 where 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
If comments are closed: email
About The Author
Can you give some evaluation ideas for Environment taxes, subsidies and permits for AQA A2 govt intervention
Thanks
how is a free market economy more efficient than command economy ?
Dear Dr Pettinger,
I am preparing for my mid-term exams been trying to ask how to figure out this question amongst the tutor and students by they have not been able to solve it!!
SO I HOPE YOU CAN!!!: {Remember demand for cigarettes is inelastic}
Supply (‘000) 200 250 300 350 400 450 500
Demand (‘000) 475 450 475 400 375 350 325
Price/packets 4.00 5.00 6.00 7.00 8.00 9.00 10.00
(a) If the government imposes a tax of $2 per packet on cigarettes, then:
the new price will be??…………..$/packet
(b) with the new tax revenue in place, producers new revenue………$/wk in total revenue is??…………………$/wk
Be grateful if you can show the working out for it at least or guide me to one of your book which **>> I will buy if you have solved this question already Regards, Trevor +61401505549
Sorry demand’000 475 450 425 400 375 350 325 Trevor
How does the use of money as a medium of exchange enable an economy to benefit from specialisation and division of labour?
Hi. I’m currently studying OCR A2 Global Economy and the stimulus material hints that something on the UK austerity might come up. I am relatively aware of the drawbacks of austerity although I wouldn’t mind if you could give more drawbacks specifically related to British austerity. However my main problem is writing the positive impacts/effects of austerity in the UK. could you please on detail explain the benefits of austerity for the UK? Thank you.
please answer this
how factors determining income elasticity differ from those of price elasticity and cross elasticity?