Readers Questions IV

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You are welcome to ask questions on Economics. However, due to volume of questions, I can no longer promise to answer all questions.

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 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. I will answer as a new post. Check home page of blog for new post. With question and answers
  5. Generally, I don’t answer questions, which involve mathematical calculations, they tend to be doing someone’s homework. however, I may give examples, of calculations, if I think it helps explain economics principles.

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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If I answer your question, and you find it helpful, a donation is appreciated here for details on donating $2.

276 thoughts on “Readers Questions IV”

  2. Critically evaluate the following statements, and then discuss whether you regard fixed or floating exchange rates as the better system.
    1. A flexible exchange rate regime is better able to cope with external shocks.
    2. A fixed exchange rate system provides a more stable trading environment and minimises risks.
    3. Floating exchange rates enable individual countries to follow independent policies.
    4. A fixed exchange rate system may encourage governments to adopt discretionary policies such as tariffs and non-tariff barriers in order to control imports

  3. Hi could someone help me with the following questions?

    1. what is the difference between price elastic and demand elastic? is there a difference between the choice of these two expressions?

    2. For food, the income effect will be relatively large (making demand relatively elastic). The substitution effect will be relatively small (making demand relatively inelastic). What does it mean that the actual elasticity will depend on the relative size of these two effects?

    Many thanks.

  4. – caused & solutions to poverty ?
    – which government macro economic aim should be given priority & why ?
    – whether the policies of governments in developed
    countries necessarily harm developing countries & how?
    -effect of privatization of an industry on efficiency in the allocation of resources.
    – advantages & disadvantages of budget deficit ?
    – advantages & disadvantages of multinational companies ?
    – investment determinants & its effects on an economy
    – who dominates the market – consumers or producers. how & why ?
    – whether all factors of production as fully as possible (i.e. conservation (long-term) VS exploitation (short-term) ?
    – effects of taxes on the level of national income ?
    – usefulness of long-run average costs to a profit-maximizing firm ?
    -whether it is possible to make a profit from a newspaper that is distributed free ?
    -effects of trade unions on the economy of a country ?
    – limitations of national income statistics as a means of comparing living standards b/w countries ?
    – benefits of price discrimination ?
    – advantages of diversification ?
    – role of private sector investment on economic growth in a country ?

  5. Hi, Im doing my dissertation based on the effect of the economy policies modifications since 1980 on the SME’s,but it has been very difficult to find info about that specific subject, do you know something relevant about this? I really appreciate your help.
    Thanks

  6. hi

    I understand that one of the economic cost of being unemployed will lower the GDP for the economy. Is there any articles/sources where I can refer with regards to this factor.

    Awaiting your help. Thanks!

  7. hi
    I need some help with the following question.
    What diagram will i use for more workers enter the labour market.

    thankz can anyone help me please. thanks

  8. hi again
    i have some other questions to ask aswell.
    what diagram will i use for the productivity of labour increases.
    what diagram will i use for the price of the product produced by the workers increses.
    what diagram will i use for wages in other related occupations increase
    what diagram will i use for the price of machinery (a substitute) decreases.

    Can any one help me please thank you.

  14. explain benefits of increasing rate of unemployment BENEFIT FOR :UNEMPLOYED , society and any cost that may result from such policy

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