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  1. Crimson-Saint

    A Levels Economics MCQ Doubts

    Answers can be C or D ..it is less likely D as unemployment of natural resources its a long term effect and as for Unemployment .it's effect can be immidiete
  2. Crimson-Saint

    A Levels Economics MCQ Doubts

    over here you chose B but it is wrong as it it not entirely true as demand did not increase in ALL of the 4 countries....but as for option C you can clearly see that in 2004 fixed lines were more demanded in each conntry
  3. Crimson-Saint

    A Levels Economics MCQ Doubts

    it is B i just did this question a moment ago lol
  4. Crimson-Saint

    A Levels Economics MCQ Doubts

    yep, and as for your doubt...yes that can be a possible answer...but through experience of doing the same kinds of questions i kinda noticed that if you get a super EASY question with the answer in plain sight.....you still gotta read carefully and choose the most "economically defined"...
  5. Crimson-Saint

    A Levels Economics MCQ Doubts

    well this is one of the most trickiest questions i've come across but there's something in eco MCQ that you should know is that you must ALWAYS follow the definitions...so over here as unemployment rises this can also mean tht the resources available for the economy is not being used to produce...
  6. Crimson-Saint

    A Levels Economics MCQ Doubts

    i understand 0% of this question so if someone could help me that be great
  7. Crimson-Saint

    A Levels Economics MCQ Doubts

    for a long time now i've been having issues with these type of quiestions lol
  8. Crimson-Saint

    A Levels Economics MCQ Doubts

    help ans is B
  9. Crimson-Saint

    A Levels Economics MCQ Doubts

    A? :/
  10. Crimson-Saint

    A Levels Economics MCQ Doubts

    how i always look at it is this way......Depreciation of currency- rise in inflation rate so Appreciation will have the opposite effect..meaning no inflation(cost push)
  11. Crimson-Saint

    A Levels Economics MCQ Doubts

    it's asking the domestic PRODUCTION meaning it has got to do with the supply...so at P1 supply was hitting at point W and when tarrif is removed and new price is now P2 supply now only reaches till V so the change is WV
  12. Crimson-Saint

    A Levels Economics MCQ Doubts

    D cus it looks like the only true statement...as by lowering direct taxes...people would have more money to spend hence increasing Aggregate demand which leads to Demand Pull Inflation
  13. Crimson-Saint

    A Levels Economics MCQ Doubts

    anyone?
  14. Crimson-Saint

    A Levels Economics MCQ Doubts

    GUYS who will be doing the Economics MCQ...i have found a small CHEAT CODE you could use during the exam so hear me out xD IF you come across a question where you are not sure of the answer or have absolutely NO CLUE.. ...then make sure to ALWAYS MARK either B or C as if you take a look at...
  15. Crimson-Saint

    A Levels Economics MCQ Doubts

    this one is a little messy so try to understand.....CURRENTLY the exr is 1 pound=$3 and the country X price for food is $2 and country Y is 1pound($3) so there is no point in trading food.......as for clothing Country X sells it for $4 and country Y sells it for 1 pound($3) so it is...
  16. Crimson-Saint

    A Levels Economics MCQ Doubts

    hmm this question does seem wierd but ANS is D according to me as when i read the diagram...it shows the trading possibility curve and PPC and it shows that it imports more of good X and produces more of good Y hence this would mean they are producing OK of good Y and 0 of Good X as they are...
  17. Crimson-Saint

    A Levels Economics MCQ Doubts

    ANS is C cus out of the other 3 options, C is the only one that appears like a logical reason as to NOT undertake the project....A and B is false wheeras D is not directly related to the question
  18. Crimson-Saint

    A Levels Economics MCQ Doubts

    ANS is A and Purchasing Power Parity just means what it's name states, and that is the power of a country to purchase goods from another country...and according to this question the obvious reason to check whether one country should trade with the other..is the price levels of the products of...
  19. Crimson-Saint

    A Levels Economics MCQ Doubts

    ANS could be D cus they wanted a market system approach so the other 3 can't be the answer as it is rather more planned than free
  20. Crimson-Saint

    A Levels Economics MCQ Doubts

    ans is B here cus 4% for 3 years so it could be 12% and answer can be A but realistically we never know by how much it actually increases....though it is logical that it can never be below 12% but it can surely be higher...so B
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