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. do you agree that the price of oil should be determined by free market forces rather than through the intervention of governments or organisations such as OPEC?

  2. If UK overseas debts were repaid at the same time and value as quantitive easing, would this have any impact on the UK money supply or inflation, other than to reduce the interest payable on the debt and consequently the budgetary deficit?

  3. Iphone/ facebook/ i pad/ Google/ Body shop.. any one of the innovation is yours

    Describe the roles of different types of consumer in the demand for your innovation.

    i need to do a coursework on this putting theory and empirical evidence.. Can you please guide me … and give me a brief how should i start and what should be included

  4. Patience
    Because negative relationship between demand & price
    when price is rising then demand is lowing
    &
    when price is lowing than demand rise
    think by a general man
    Price & time are essential for demand
    time: we think that changes in time our thinking r change for demand
    eg: fashion

  5. Eg: of substitute
    Tea-Coffee
    When tea price is rise than most of persons use coffee because they payment few rupees than tea price
    i think with the help of a general man
    you think

  6. i m a teacher in india. I want to know why countries like amercia do not invest enough in renewable resources. Why they behaving like blind. It is sure crude oil and coal will say bye bye. why america do not learn from france or denmark?

  7. South America has same people which Europe has and even has better natural resources.
    Then what is the reason south American countries like Brazil or argentine are economically much backward.
    What is biggest problem of brazil or argentine development or inequality.
    I think in long run south American economy will perform much better than European economy

  8. Diagrams and analytical discussions based on assumptions and theories.

    Suppose you operate a Toy Museum in Kuala Lumpur City Centre. The museum is visited by local and foreign tourists by paying discriminated entrance fees.

    (a) Show and explain the demand faced by your museum.

    (b) When would the museum prefer to have only a single price for all? And who would then be the main visitors?

    (c) What is the main condition for you, as the operator of the museum, to offer special price to the local tourists? What and how would you gain by doing this?

    (d) Discuss the deadweight loss under the conditions where price discrimination can be practiced vis-à-vis it cannot be exercised.

  9. ‘Economic theory suggests that a firms average cost curve is u shaped in both the short and long run’ Explain this statement and consider whether it is always true.
    For 25 marks

  10. India and china are growing more than 8% annualy.
    America and England are growing at much lower rate.
    It shows that economy of these countries would be much bigger than countries like USA, England,France etc because these countries has more population.
    Can anyone tell me at which rate America and England ‘S GDP had grown (inflation adjustable) between 1945-1995

  11. Hello Seeker

    Undervalued yuan has strong effect on world economy. This makes China’s production cheap which is more easier to sell. Anyone can see Chinese goods in his city. It reduces employment in other countries and their exports. But China also have to pay its cost to some extent. China is also paying value into other economies ie its goods are exchanged at discounted values. It is not possible in long run. This is reason it has to make adjustments with quality.

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