Economic Questions V

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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. also how does an increase in incomes of the people of Ghana affect the equilibrim price and guantity of clothes

  2. i would like to know about externalities and the different diagrames that will occur for consumption an production of a good for both goods which will benefit and harm….!!!
    thankyou..:)

  3. i would like to know how the government fail due to the restrictions on export of goods and sevices…..?????

  4. Please give me a few pointers on this, im not sure how to explain this
    Discuss the view that an increase in any injection into the circular flow of income of an economy will always be beneficial?

  5. hi,i’m catherine.is that any people can help me the question.Thx you ….
    1) List five factors that have impact on the hotel industry in Malaysia.For each of the factors,provide relevant examples to support your answer.
    2) Based on the factors above,explain the impact on the demand for rooms if there is a change in these factors.Provide relevant diagrams to support your answer.

  6. why is it difficult to identify the turning ponts of economic activity until months after they occur?

  7. Does quantitative easing reduce the national debt? (By buying government debt with newly created money.)

  8. Hi,
    I’m an AS student who is beginning to look into university courses in further detail. I have always wanted to take a PPE course and seeing as you have already studied it I was wondering if you could answer a few questions?
    My AS subjects are Maths, Economics, English, History and Theology. I want to drop maths after AS as it the subject I least enjoy, even though I enjoy it to a certain extent. Out of my choices it is not only the odd one out but my weakest. I am still predicted to do well, an A/B at AS. Will dropping it harm my chances of gaining a place on a PPE course?
    Thank you so much for your time
    xxx

  9. I’m struggling with learning how to draw AS and AD diagrams. Can you help me set up one based on the April 26-27, 2011 meeting of the Federal Reserve Open Market Committee.

    By making an AS/AD diagram that shows the intention of current Fed policy with the appropriate shift.

  10. Hello wintson

    Consumer surplus is difference between market price and price he willing to pay if market price < willing to pay
    If Joy is willing to pay $4 for first slice of pizza and market price of pizza is $2 than he will get consumer surplus from first piece
    4- 2=2
    For second slice
    3-2=1

  11. Hi TY BRENTWOOD
    Falgaft is based on idea to separate state economy, national economy and international economy .
    This is good idea in this point of view that every level of economy has different needs . At present we try to handle problems at national level but not at international level
    With Falgaft policy there would be more coordination between global economies and world problem can be handled more efficiently
    But most economist think it is not realistic
    Practically it is difficult to adopt it
    THANKS

  12. The value of Gold is not the answer against the variations of the $. Most people can not tell the difference between 999k or standard 10k gold jwelery or get this even FAKE GOLD. Now even real 999k Gold is hard/costly to store and transport. Gold notes in history were US GOLD CERTIFICATES and the Treasury is not going back to that. Therefore which is to be trusted a US Certified PUBLIC/Private Debit Not ($) or a Gold note that could be a PYMRIMD scheme and a Global Bubble (how to prove Gold validity in amount and quality)’fake Gold stocks and notes.” Silver is too bulky but offers promise in innovation technology (as do AU and AG). So the world should bank that the EURO and $ stay seperate! and that the $ is Standard!
    A wage is any currency gained vs. a salary is a wage for service on a time fame.
    How jobs for the middle class are created in essence is motivation for the middle class to work combined with benefinicial projects on a macro level; that are mico managed by a COMBINATION of small biz inguentiy allowed to grow next to BIG BIZ in symboism and alloted by the wealthy by loans at interests…….the wealthy make interest (stock market too); small biz flourished; service industries blend in the mix; and the middle class has careers and workers have jobs. 1.What are the macro and micro beneficial projects and essintial needs and entertainmnets? What motivates the wealthy to symboism with the working class in Finanance(ie loans/products).???

  13. Hi Izzy

    AD-AS model does not recommend to increase taxes or decrease govt spending. AD-AS model recommends to decrease tax . If tax rates are decreased than AD will increase .This will increase gdp growth and national income and as result income of govt will also increase
    Govt spending and Tax decreasing shift the aggregate demand curve to right.
    This increases gdp growth and income of govt.

  14. Hi Easy Eric

    Free goods are that are not scared like air which does not have any
    Opportunity cost. At your point of view of freely available information on internet may be said free goods because if you use it it will not decrease its value . Others can use it. Although it is not completely free good because this may also little effect on other users like more load on site slow service of site etc
    Many resources are also used to create this information.
    You can call it free good but not free like air , sun light etc
    thanks

  15. in long run equilibrium, firm in a competitive industry earns zero economic profit, if price falls industry will fall, discuss

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