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  1. A

    Economics Paper 11

    GT has gone down to minimum 23 a few times if I'm not wrong and has never crossed 25! Not 100% sure though
  2. A

    Economics Paper 11

    You're right! It's a price index, which is an average price of all goods and services being imported and exported!
  3. A

    Economics Paper 11

    Yed Value may or may not fall depending to price elasticity of demand. But price rises for sure, causing terms of trade to reduce!
  4. A

    Economics Paper 11

    Yes but the Terms of Trade formula relates to Price and not value!
  5. A

    Economics Paper 11

    Yes, I also answered Long Run PPF! I don't remember the question well enough to explain it! I hadn't learnt it before so I figured it out and am not sure how I got it. That was the only answer I got from the options and so I marked it
  6. A

    Economics Paper 11

    Exactly, devaluation RAISES the prices of imports. The formula is Export Prices/Import Prices*100. An increase in import prices would reduce this number. Eg. Exp prices= 10 Imp prices=10 Terms of Trade=100 *Devaluation Then Imp Prices= 20 Terms of trade reduces to 50 Question had...
  7. A

    Economics Paper 11

    I have no recollection of the PPC :S was it the one that showed loss of skills? The purchasing power parity answer that I got is A. 4.40:1
  8. A

    Economics Paper 11

    That one is no substitutes. Demand is inelastic. This means that even if price changes, quantity demanded won't because people have no substitute goods to purchase instead.
  9. A

    Accounting Paper 22 - Discussions after 24 hours

    That is true. This could swing either way, we've just got to wait and see I guess.
  10. A

    Accounting Paper 22 - Discussions after 24 hours

    That may be the case, I'm not entirely sure :S
  11. A

    Economics Paper 11

    What was the answer for Purchasing Power Parity? 4.40:1? A?
  12. A

    Accounting Paper 22 - Discussions after 24 hours

    Well, I think 1 mark deducted for wrong Sales Figure, 1 for wrong gross profit and 2 for incorrect Net Profit. I don't think it should be more than 4 marks, assuming no other mistakes have been made!
  13. A

    Economics Paper 11

    Guys, there was one question with a Downward sloping demand curve, and a parabola shaped demand curve. Took nearly 10 minuted on that one at the end. What was the answer? I found that the Parabola curve was more elastic at the point of intersection at the bottom.
  14. A

    Economics Paper 11

    The last question about policies I think was A, Dampening -Income Tax Switching - Tarrif/Quota I think (don't remember) which was the second question? And the $ and £ question?
  15. A

    Economics, Accounting & Business: Post your doubts here!

    Did anyone here to Paper 11 Economics?
  16. A

    Economics Paper 11

    Guys, question 29, the one regarding devaluation of currency, which one reduces? I put terms of trade, is it correct?
  17. A

    Accounting Paper 22 - Discussions after 24 hours

    I added other payable to expenses! They would have mentioned if it was stationary in particular. You're talking about the first question right?
  18. A

    Accounting Paper 22 - Discussions after 24 hours

    Guys, for the marginal and absorption costing, profits were $77500 and $85500?
  19. A

    Economics, Accounting & Business: Post your doubts here!

    Guys, for Economics Paper 2, what method do you recommend to practice for the essays-Section B?
  20. A

    IGCSE Business Studies revision?

    Exams are coming up in two weeks. I have practiced all papers from the 2003 specification as well as 2009. My question is, is there any point of solving the 2003 specification papers? If not, what should i solve?
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