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  1. M

    Economics P12 june 2012 ANSWERS...!!!

    I wrote that the fall of demand in a recession will improve or worsen countries BoT, dpeending on who exports or imports. And the contraction in output will make it so that there will be less intl trade. I didnt manage to write as much on 4b as i wanted....i forgot to include PED as a factor...
  2. M

    Economics P12 june 2012 ANSWERS...!!!

    Yeah they dont, or at least not always, so A seems the better awnser(tariffs affect the supply curve and quotas DONT affect the demand curve) instead of B(tariffs increase govt revenue and quotas benefit import producers) just my opinion, asking if people awnsered the same thing.
  3. M

    Economics P12 june 2012 ANSWERS...!!!

    I meant quotas dont benefit the import PRODUCERS. sorry.
  4. M

    Economics P12 june 2012 ANSWERS...!!!

    What was the awnser to the question "What is true for tariffs and quotas"? I awnsered Tariffs shift the supply curve and quotas dont affect the demand curve, so its A. Quotas dont always benefit the importer so B is wrong
  5. M

    Economics P12 june 2012 ANSWERS...!!!

    reduction/depletion in supply of energy can also cause price rise, which also causes ppc to shrink but your theory can be plausible as well :D but what do u mean by redundant?
  6. M

    Economics P12 june 2012 ANSWERS...!!!

    Definitely Ill pray for that..confirm i got like 2 wrong for careless mistakes, plus the questions weve discussed about, could get wrong there as well..
  7. M

    Economics P12 june 2012 ANSWERS...!!!

    Lots of "debatable" questions tbh this paper.. I hope the threshold is low;..
  8. M

    Economics P12 june 2012 ANSWERS...!!!

    The question never said its about cost benefit analysis it Asks what the govt considers but firms don't when deciding whether to invest in something. Tax payments can be how the govt considers how much tax revenue it receives etc.
  9. M

    Economics P12 june 2012 ANSWERS...!!!

    But they do. They see if there is a consumer surplus for firms to exploit
  10. M

    Economics P12 june 2012 ANSWERS...!!!

    Yea, which means firms take into account of it when making investment decisions. If consumer surplus is zero for example, maybe firms will decide not to invest after cba
  11. M

    Economics P12 june 2012 ANSWERS...!!!

    What's your awnser for the cost benefit question?
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