AS Level ECONOMICS P1 (Discussion) - M/J/2013

[hardik]

For all those who are doubtful about real exchange rate and nominal exchange rate

 

[3fatak]

i have no idea what u guys are talking about
its maybe cuz i gave variant 1

 

[3fatak]

Which variant are you guys discussing? How come its irrelevant to me?

i think they are discussing variant 2
and i gave variant 1
which one did u give?

 

[3fatak]

i think diff variants..anyway for those who did variennt 1..what did u guys write for the money question???

i did medium of exchange but my friends said it was store of value so i am not sure :\

 

[Lostsoul]

i think they are discussing variant 2
and i gave variant 1
which one did u give?

Variant 1 aswell
#Atleast I dont feel like an alien now

 

[Lostsoul]

i did medium of exchange but my friends said it was store of value so i am not sure :\

It was store of value, because he kept the note thinking its value will increase one fine day

 

[Lostsoul]

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i think diff variants..anyway for those who did variennt 1..what did u guys write for the money question???

store of value

 

[thunderbolt]

i did medium of exchange but my friends said it was store of value so i am not sure :\

I also wrote medium of exchange..so according to z.s we are wrong...urgh i did not like that paper..ive got 5 wrong for sure now..what did u guys write for the question to with what happens for sure when there is an appreciation??

 

[thunderbolt]

It was store of value, because he kept the note thinking its value will increase one fine day

I also thought it was store of value,but when i thought about it i thought to myself 'medium of exchange means people value what you give them otherwise they wouldnt give what they have....what do you think??

 

[3fatak]

I also wrote medium of exchange..so according to z.s we are wrong...urgh i did not like that paper..ive got 5 wrong for sure now..what did u guys write for the question to with what happens for sure when there is an appreciation??

u mean Q29
it was B terms of trade will improve but i did D

 

[Anique]

Nah, the one they gave the table for unemployment benefit and the unemployment rate?

Was it's Ans " Rate of unemployment benefits increased than unemployment rate?

 

[Dinuka Malith]

o

ohokayy, and there was this transition question too! do market economies have stock exchanges? :/

Ooh , I wasn't sure of that but I put down Liberal Price , Managed floating and inward investment with no control
Not sure but I don't see any reason why a Market Economy shouldn't have one

 

[mrmt]

You made my day :') I randomly selected A.
And for unemployment one, I selected D!

what ws opt D?..

 

[thunderbolt]

What about the question of when a govt is able to get investment into a country what happens to balance account

 

[thunderbolt]

u mean Q29
it was B terms of trade will improve but i did D

r u sure???ohhhh atleast i passed a question..

 

[hardik]

i just made a random guess of C in unemployment one....
However for real and nominal ER i am 101% sure it is A though i changed by answer at the last moment to B

Can u give any reason as to why real exchange rate appreciated....

 

[mrmt]

wat ws the ans for unempl benefits qs?

 

[fishfish]

I guess it was A.... something related to wages

i did that too. but it wasnt A, it was the security camera one. its in a very old past paper :/

 

[3fatak]

r u sure???ohhhh atleast i passed a question..

yh cuz appreciation causes export prices to rise and import prices to fall so TOT improves :\

 

[-V!p3R-]

i did that too. but it wasnt A, it was the security camera one. its in a very old past paper :/

majority of them were repeated from 90's