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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
In several countries there has been increasing pressure for protectionist policies. Evaluate the likely economic effects of an increase in protectionism by the EU.
Hello,
If anyone can help on this question I will greatly appreciate it.
There’s a full employment economy where the government wishes to increase the level of expenditures. The government chooses to finance these expenditures by increasing the supply from $200 billion to $400 billion. Further assume that the short run velocity of money is constant.
a. what equation could you use to analyze this situation?
b. What should happen to the level of prices in this particular economy?
*I’m not just seeking a answer, I will like to know how to approach this situation. If anyone can help I will be very relieved.
Thank you.
Hello,
My question is
The relationship between GDP and economic welfare.
Thanks.
what is the disadvantages for emerging economy like south africa
Hi, I have to answer this question:
To what extent does the recent banking crisis demonstrate the need for government intervention in the economic activities of banks?
if you could give me a few tips that would be great 🙂
Hi,
I have been given this question as a format for my exam paper:
1. How would economists use the term _____ in explaining the scope and limits of ________________?
Do you have any idea what the question could be?
Can a country term of trade affect her balance of trade?
why different goods have different elasticity of demand
Hello Sir
I am home schooler. Yesterday, I just had my CIE A Level Economics paper 2 for the second time. Last time I wasn’t able to finish the syllabus and I got A for Paper 1 but E for Paper 2. This time I try my best to finish the syllabus but it went horrible. I have no idea what to write at all. It’s indeed heartbreaking and I feel so lost. Can you give me some advice on how to improve my grades, Sir? I will treasure your kindness for life.
Thank you.
Hi Zey be
Theoretically in long run in perfect competition a firm earns no economic profit. Economic profit is profit earned more than opportunity cost . As if there is economic profit, because of perfect competition more investment will come in this industry.
As result due to more supply profit will fall and in long run economic profit will decreased to zero. In perfect market a firm can earn economic profit only in short run.
Hi Fanny
Due to hard competition from China and India , protectionisms is increasing. It does not match with the ideas which Europe and America sponsored.
Practically there was always little or more protectionisms in all over the world. Japan protects its rice. America protected steel for many years. When a country has some competitive weaknesses it have to approach towards these policies .
Why demand and supply for primary goods are inelastic at the short run?
are desserts considered demerit goods?
Hello Joe
Even monetary transactions volume remain unchanged in short run, but storing power of money will decrease. There are chances to increase price level. In case if there is full employment, possibly resources are used efficiently . There is will be very little of pumping money in economy. It may create more liquidity and can soft interest rates.
Hello Oguzhan
There is deep relation between gdp and economic welfare. GDP itself is a measurement of economic prosperity of a country. England ,Canada or America have rich GDP compare to many African and Asian countries. GDP shows economic development of a country.