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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.
Related
What has been the role, if any, of the WTO in containing protectionism during the 2008-09 crisis? What is the available evidence of this role?
What are the arguments of the promoters of regional trade integration as a stepping stone for multilateralism?
In theory, in says
current account + capital account should = O.
This mean that if current account is surplus, the capital account should be deficit. I don’t understand why.
for examples,
a country that export>import ( current surplus), doesnt mean that it need to invest in other country than in their one ( capital deficit).
for examples, thailand export more than it import, and invest in other country less than thailand do in other which makes both of the account surplus surplus.
so, is this possible? and can both of the account be deficit?
thankyou
“There is no trade-off between inflation and unemployment.”Do you agree?Explain.
Hello Vladimir
Pricing policy of firm can be maximizing profit. Price effects the sale and revenue of company. A company should try to fix the price of product which maximize its profits. In general when price is increased its demand decreases and marginal profit per product increases . When price is decreased its demand increases and marginal profit for each product decreases. Company should fix price of product keeping both things in mind to maximize profit. Price discrimination is also used by companies to maximize profits. Under this same product is sold to different classes of customers at different prices. By using elasticity of demand , we can determine the level of price ,from if we increase or decrease price profit also decreases.
Hello Abbie
Trade deficit increases current increased current account deficit and trade surplus makes positive effect on current account.
Policies regarding trade are very important and make strong effect current account of a country. Tax on import , lowering tax to encourage export, Giving subsidies to local businesses etc can increase balance of current account. China ‘s policy of lowering currency rate is very important in huge current account surplus of China.
hw does free marhet economy solves the basic economic problems?? is there any further explaination to it besides to solve the demand and supply?
using the data and your economic knowledge assess the impact on the UK economy of a recovery in the EU as a whole
How does W/ J affects the circular flow of income in an economy
Hello Esmie
Yes it is very common . In economics it is believed that every person wants to maximize utility. With fix price he tries to get maximum utility from amount he spends. Secondly, indirectly he thinks this offer is not permanent. It may change. So he tries to get benefit from this offer.
Hi, i would like to ask something about the consumer surplus.
Question:
Joe is willing to pay $4 for his first slice of pizza and $3 for his second slice of pizza. If the market price is $2, on his two slices of pizza Joe receives a total consumer surplus of how many dollars?
Really appreciate for your reply.
Sir, — The New Economic Platform that is gaining traction in the USA and Australia that is called -;
“The FALGAFT Plan” has some intertesting points.
Could you Please confirm that by seperating a nations economic position into three parts (International, National, and Domestic by County) would actually allow a fiscal and monetary policy quantum shift by government to reduce costs and thereby stabilize the national economy. If this “segregation” could occurer, thus making each “section” responsable for its own financial welfare, would that then reduce the size of government thus puting money back into the system which would reduce taxes and have a positive effect on social programs. ??
Thankyou for your time.
Sincere Regards.
5. During the 1980’s the Irish government responded to the problem of the fiscal deficit by increasing taxed and reducing expenditure. Using the AS-AD model, show the impact of this policy on the economy. Comment on whether the policy was the appropriate policy response. by increasing taxed and reducing expenditure. Using the AS-AD model
this is a sample exam question for an exam i have coming up.
thank you
Hi, I would like to know about free good vs. economic good: are freely available national statistics on the internet a “free good”?
Thank you very much and appreciate your reply.
hi i would like to know the impact of the removal of quotas on the importation of foreign clothes on the equilibrim price and quantity of Ghana produced textiles