A Level Economics:

[Fiza123456789]

Since it's 24hours is it safe to talk about it now?

I did questions 2 and 4.

Can u just tell ans for q4 ?

 

[Fiza123456789]

Can u just tell ans for q4 ?

As in points plz

 

[Analiegh]

As in points plz

Just to confirm that you actually did the exam, what was the question on? Because I think some people are still taking their exams? idk, just in case

 

[Fiza123456789]

O

Just to confirm that you actually did the exam, what was the question on? Because I think some people are still taking their exams? idk, just in case

I'm talking about question which was regarding develop n under developed countries

 

[Analiegh]

O
I'm talking about question which was regarding develop n under developed countries

Maybe this was another variant? Mine was 2. I think that was question 5? I didn't do that one.

 

[Qamar Baloch]

Since it's 24hours is it safe to talk about it now?

I did questions 2 and 4.

what were they dear?

 

[Qamar Baloch]

We can discuss the paper and evaluate how helpful guess paper was. Did it help u?

 

[Qamar Baloch]

In question of efficiency you were to add some features of market system.

 

[Qamar Baloch]

In question of wages
you were to explain both a and b part completely which were given in guess.

 

[Qamar Baloch]

In question related to unemployment your were to explain causes of unemployment in part a.
while part b was given in another question of guess that was related to control inflation.

 

[Fiza123456789]

In question related to unemployment your were to explain causes of unemployment in part a.
while part b was given in another question of guess that was related to control inflation.

Sir what about that developed n developing countries question

 

[supremeashish]

can u help me in eco p3??
MJ/2011/P32 Q7,22,26,28
MJ/2010/P32 Q8,18,19,25

 

[Analiegh]

Ok sir, Questions I did in the exam were 4 and 6. I mistakenly wrote 2 and 4 above.

I don't remember the exact wording, but remember it vaguely :

4a) How can there be rapid growth and inflation at the same time.
b) What policies can governments use to control inflation.

6a) What are the causes of an increase in unemployment.
b) What are the impacts of an increase in unemployment?

 

[Analiegh]

I don't remember question 1. But a guy I've been inboxing with told me 2A) being on the equi-marginal principle.

Question 3 was on Wages. Basically wage determination under prefect compeition.

Question 5 was on something about developing and developed countries. I don't remember.

Question 7 was on Efficiency and whether this is possible in Perfect Competition. Something like this.

 

[Analiegh]

We can discuss the paper and evaluate how helpful guess paper was. Did it help u?

Your guess paper question 1 was spot on. Question 2 was spot on as well but not a 2 part question. It was a 25 mark question. And question 7 somewhat spot on. Instead of question B being on how interest rate policy prevents inflation it was "what policies could a government use to control inflation."

 

[studentno1]

Someone please have a look at this- why is the answer C?


The relative prices of goods reflect their marginal utilities rather than their total utilities.
What is explained by this statement?

A the law of diminishing returns
B the limitations of marginal utility theory
C the paradox of value
D the role of prices as a rationing mechanism

 

[Fiza123456789]

I guess

Someone please have a look at this- why is the answer C?


The relative prices of goods reflect their marginal utilities rather than their total utilities.
What is explained by this statement?

A the law of diminishing returns
B the limitations of marginal utility theory
C the paradox of value
D the role of prices as a rationing mechanism

I guess it's c not sure

 

[studentno1]

I guess
I guess it's c not sure

Yess, but that's what I mentioned, how is it C. I'm aware of paradox of value, but cant relate it to this.

 

[Abilash]

Someone please have a look at this- why is the answer C?


The relative prices of goods reflect their marginal utilities rather than their total utilities.
What is explained by this statement?

A the law of diminishing returns
B the limitations of marginal utility theory
C the paradox of value
D the role of prices as a rationing mechanism

Well you see the paradox of value stems from the debate as to why diamonds are higher in value compared to water, this is because diamonds have a higher marginal utility and water has a higher total utility, this was an argument brought up by Adam Smith himself to explain what market values actually express, that is whether it is the marginal or total utility, thus paradox of value was the name of this debate, so your answer is C

 

[studentno1]

Well you see the paradox of value stems from the debate as to why diamonds are higher in value compared to water, this is because diamonds have a higher marginal utility and water has a higher total utility, this was an argument brought up by Adam Smith himself to explain what market values actually express, that is whether it is the marginal or total utility, thus paradox of value was the name of this debate, so your answer is C

Thanks a lot dude, that really helped a great