Economic Questions V

You are welcome to ask questions on Economics. I am looking to explain economic principles / ideas/ recent developments in economics. Due to the volume of questions, I can no longer promise to answer. But, I will try if it meets below criteria.

I will post the answer on this blog, for everyone to benefit from. I never email individual answers

Please Bear In Mind

  1. Use google custom search (top right) to see if question has been asked. If I have already answered a question I don’t tend to repeat it.
  2. The replies will be guidance and not for duplication. Your essays should be your own work.
  3. Don’t ask me to do your coursework / assignment e.t.c. The answer will be published here where your teacher can see it.
  4. My speciality is economics for British A Level standard.
  5. I don’t answer university questions or maths calculations
  6. I am looking to explain economic principles / ideas/ recent developments in economics.
  7. I will answer as a new post. Check home page of blog for new post. With question and answers

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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467 thoughts on “Economic Questions V”

  1. implications of flexible money wages and prices on output and employment and how were these implications contradicted by the events of the the great depression of the 1930s

  2. my question is list the pros and cons of each solution { increase taxes and reduce spending} are the solutions. and what might the opposition of members of congress be to each solution?

  3. I am glad to have this opportunity to read through your educative answers that are shared / answered to many.
    my question is how can “Fiscal Policy” help fight/reduce recession?

  4. My question is do you see China becoming the predominant World Superpower within the near future and if so, why?

  5. Given demand is 48 cans if selling price of Coca- Cola is £0.30, given supply is 6 cans if selling price is £0.60.Derive the Demand and Supply Schedule for an appropiate set of prices.

  6. I knew about the supply curve but recently studied that it is supposed
    to touch the either axes as well(it was an obvious thing-unfortunately I
    failed to realize it before I actually studied it). I understand that
    an elastic supply curve starts from the y-axis and an inelastic from the
    x-axis. Just for the question’s sake, if the supp…ly curve is the line y
    = x – 1, can i call this supply curve as ‘relatively more elastic’ than the
    curve that is starting from the x-axis and has the equation of y = x – 2?

    I hope I am able to explain myself well.

  7. I thought your explanation about whether to worry or not about the National Debt was pellucid but I would like to know, from an economics perspective, why governments (and people) were not worried about the debt after World War 2 given that it was far higher for many years than the UK debt now about which there is so much concern. I understand, of course, that the post-War debt was the inevitable consequence of financing a war of survival but why did the post-War debt not lead to such consequences as a debt default, bail out by IMF and do on? Is it the context has changed – that the power of the markets and investors who finance sovereign debt has increased? Or some other reason? I think it’s important to answer this query from an economics viewpoint because I’ve read lots of political articles which imply the present debt should give no rise for worry when the post-War debt was so high for so many years. Your answer, while very good, does not answer this point. Thank you.

  8. the US dollar is ontinuing to slide against leading currencies. discuss the economic onsequences of the fallen dollar for the US

  9. Under what condition can expansionary (successful) fiscal policy create a surplus in the balance of trade and real grow in the GDP

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