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.
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- 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.
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Why is China’s output gap negative?
How does a country go about setting up gold reserves and from where do they access the funds to do so?
I have a question regarding opportunity cost: is there a standard method to compare two choices that have opportunity costs that do not reduce to a monetary value? For instance, a dilemma that pits the value of exercise against the value of leisure. Even if one valued, say, leisure over exercise, but exercise is still valued, what is the method for determining when the the benefit of exercise actually outweighs leisure in any given comparison.
Maybe an example will help if I’m not totally clear. Imagine you have two options A and B. Option A is a stroll through the park and B is a vigorous run on a treadmill in the basement. A provides minimal exercise but high leisure and B provides minimal leisure but maximum exercise. Further, any number of options could exist between these two options that have some other ratio of exercise to leisure. In the real world we make these trade-offs all the time using subjective valuations in the moment, but if we assume preference stability then leisure always trumps exercise and we end up a couch potato.
regarding tax gdp ratio I understand that this is an era of liberalisation and reforms. I also understand that by liberalisation is meant providing more space to Private sector. Thus does it not mean that higher ta gdp ratio means government is in driving seat and therefore should not be recommended?Is there an ideal TaXGDP ratio? If it is situation sprcific then liberalisation is also situation specific and no dogmatism here.
Why there is fall in global demand when there is fall in oil prices? it should boost the disposable income of common people. if there is slow down in China’s manufacturing market due to higher wages or low demand then why it is not seen as an opportunity for country’s like India which can provide cheap labour and willing to provide favourable business environment?
Do private schools operate on profit maximisation if the market is oligopolistic ?