Economics: Post your doubts here (O + A level)

[shefali]

If u have told me before papers my 3 marks would have been saved..... But thanx

omg! so sorry but i hadn't read this thread before

 

[student92]

http://www.xtremepapers.com/community/threads/for-all-eco-and-bus-st-students.15030/
hope this helps, for eco and bus st students.

 

[Ans Kazi]

Im appearing in May/june session for economics AS level.....i want to ask at how much marks does the E grade start.......Plz let me know

 

[Mattman]

http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w07_qp_1.pdf\
no 9 please?

 

[zainab856]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w07_qp_1.pdf\
no 9 please?

the govt. imposes a tax and it wants to reduce consumption, so if the elasticity of supply would be elastic, then a little increase in cost; tax; will result in greater impact on supply, that means, a greater volume of supply will decrease. then when govt. imposes a tax a little part of it will be passed on to consumers by a price increase,, if PED is elastic then a little price increase will have a greater impact on demand i.e. consumption will decrease too.. thus the answer is A...

 

[hiandbye]

can anyone pass on the economics may\june 2012 question paper of economics? if anyone still remembers it? structural questions? even if you have an hazy idea about the paper

 

[_c4_]

What is the difference between internal and external economies of scale ?
A question in economics paper (2281) 2012....
Plz help...?!

i wrote internal eco of scale are factors which lead to falling average costs because of the firms high output n large size n gave the examples n external are the factors leading to falling averge costs due to the high output n large size of the whole industry n gave the examples

 

[Sijan92]

Hello, I am having problems in some of the MCQs of A2. Will be very glad if anyone helps me out here.
I am posting some of the mcqs here. Try to help me out in all of them or at least the ones you can solve.

Oct/Nov paper 31 2010=

18 According to monetarist theory, what will be the short-run and the long-run effect of an
unexpected increase in the money supply on the real wage level?
short-run long-run
A decrease increase
B decrease unchanged
C unchanged increase
D unchanged unchanged

why is the answer B here????

20 In a closed economy with no government
the full employment level of income = $400 billion
and the equilibrium level of income = $380 billion.
If the deflationary gap is $4 billion, what is the marginal propensity to consume?
A 1/5
B 1/4
C 3/4
D 4/5

Why is the answer D here??

22 An increase in the money supply leads to a fall in interest rates. What else will decrease as a
result of these changes?
A the desire to hold idle money balances
B the price of equities
C the price of government bonds
D the velocity of circulation of money

Why is the answer D here??

24 Which feature of the Indian economy could explain why the purchasing power parity exchange
rate of the Rupee is much higher than its market exchange rate?
A high levels of duty on imported goods
B high levels of rural unemployment
C the relatively low price of goods not traded internationally
D the relatively low rate of inflation

Why is the answer C here??


Oct/Nov 09 paper 32 =

Q9. (Sorry couldn't post the question here as it contained a diagram)

Why is the answer D here?

Q15. (Sorry couldn't post the question here as it contained a diagram)

Why is the answer C here?

Q20. (Sorry couldn't post the question here as it contained a diagram)

Why is the answer C here??

Thank you very much. Cheers!

 

[irfhan]

Tips for Paper 3 IGCSE

 

[Nibz]

% change in P = 200(X - 12)/ (X+12) %
400/3 . (X+12)/ 200(X - 12) = -1
=> 5 X = 12
So X = 2.40

Where has this 200 come from?

 

[zainab856]

http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w08_qp_1.pdf question 6... the answer is C.. guyz please help n quick..

 

[Nibz]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w08_qp_1.pdf question 6... the answer is C.. guyz please help n quick..

+1 shows it's Unitary Elastic. And a unitary elastic line ALWAYS passes through the origin.

 

[Mattman]

http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_s09_qp_1.pdf​

no. 30... why is it D? i know if PED is 1 the expenditure on imports dont change...but if PED for exports is 0.5, wont a lower price reduce expenditure on it, hence making the current account worse?

 

[abcde]

Where has this 200 come from?

I don't exactly remember now. :S But there's a much simpler method of doing this via the concept that total expenditure is always constant when PED = 1.

 

[rjcooo1]

Can u pls explain measuring real GDP?? i get confused alot plz and when the government spending increases when in a recession where does that government spending go to??

 

[rjcooo1]

internal economies of scale are due to a firm growing
external economies of scale are due to an industry growing

then can u give some examples of external economies of scale pleasee much appreciated

 

[shefali]

then can u give some examples of external economies of scale pleasee much appreciated

external economies of scale would be like..institutions training people specially for that industry (aviation for example)
having specialist services (such as transportation)
having better infrastructure

 

[shefali]

Can u pls explain measuring real GDP?? i get confused alot plz and when the government spending increases when in a recession where does that government spending go to??

to measure real GDP you multiply nominal GDP with the price index of base year and divide it by price index of current year...
In a recession private sector spending drops which has adverse effects on the economy
the government, in fact, spends more to balance it off even though their revenue is low...this is not the case in reality but theoretically its the way

 

[rjcooo1]

to measure real GDP you multiply nominal GDP with the price index of base year and divide it by price index of current year...
In a recession private sector spending drops which has adverse effects on the economy
the government, in fact, spends more to balance it off even though their revenue is low...this is not the case in reality but theoretically its the way

so that means that the government spend to encourage the economy to spend their income and cut down on savings rite?

 

[Devlol]

Hey ppl, does cost of production increasing shrink a PPF curve?