Free general advice for Studying Economics Learn the basics first. You can answer a lot of questions just through mastering supply and demand questions. Practise Questions. To learn you need to practise and answer questions yourself. Don’t just read the textbook. Reading is a form of passive learning; there is a limit to what you …
Agricultural markets have often been the recipients of tariff protection. This involves Tariffs on cheaper imports Quotes on imports Government subsidies to domestic farmers Reasons for Agricultural Protection Farmers have lower incomes than the rest of the population and don’t tend to benefit from economic growth (low income elasticity of demand for food) Farmers often …
People demand money for different reasons. The asset motive states that people demand money as a way to hold wealth. In a period of inflation,the value of money declines and therefore there is unlikely to be an asset motive for money. However, in a period of deflation, money increases in value and therefore there may …
Assets are items that give real value to a firm or an investor. Assets can be real assets such as land, houses, machines or capital. Financial assets include money, bonds and securities. Intangible Assets: Assets can also be intangible. For example, a company may have a loyal workforce or they may have a recognisable brand. …
Readers Question: Will Cutting Public spending bring economic growth?Do Countries with lower government spending as a % of GDP have higher economic growth rates? After recent data on -0.7% growth in Q2 2012, several experts offered suggestions for restoring economic growth to the UK. In the Guadian, Sheila Lawlor suggested (link): The UK’s output figures, …
Readers Question: Why can’t a debt-crippled and deficit-induced state, go on with its most normal economic activities (by borrowing the needed money to make sure that no or at the most, unproductive spendings are curbed, no tax rates up, and no austerity measures) in a bid to emerge out of debt & deficit potholes sooner …
Readers Question: Can you Spend Your Way to Full Employment? Full employment implies. An economy without a significant negative output gap. Full employment requires positive economic growth, averaging close to the long run trend rate of economic growth. (in UK long run trend rate = 2.5%) Very low unemployment. Economists would say full employment is …
Readers Question: I have been interested in the US economy in the last few months, and with current news of their $14 trillion debt problem heating up, I’m wondering could the demand for dollars go down, if they were possible to have a similar or close problems of debt issues like Greece, and if the …