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A Level Economics:

E

economist2

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Qamar Baloch said:
AS ECONOMICS P2 and P4 guess as well as O level P2 guess will be available here 15th October 2013. Kepp watching this thread and I will appreciate if you post your doubts here for discussion.
Click to expand...
sir, I need help with this one

Which of the following will necessarily cause the supply curve of labour in a particular industry to
shift to the right?
A a fall in wages paid in similar occupations
B a greater use of machinery
C an increase in demand for the product
D a strengthening of trade union influence in the industry

A is the answer but i don understand how a fall in wage shifts supply curve to right.
 
E

economist2

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Out of any addition to national income, 20 % is spent on imports, 25 % is paid in taxes, 5 % is
saved and the rest is spent on domestically produced goods.
What is the value of the multiplier?
A 20 B 5 C 2 D 0.5
Answer is C.HOW?
 
rjcooo1

rjcooo1

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economist2 said:
sir, I need help with this one

Which of the following will necessarily cause the supply curve of labour in a particular industry to
shift to the right?
A a fall in wages paid in similar occupations
B a greater use of machinery
C an increase in demand for the product
D a strengthening of trade union influence in the industry

A is the answer but i don understand how a fall in wage shifts supply curve to right.
Click to expand...


Are you sure its A? Please give me the paper year?
Thanks
 
Qamar Baloch

Qamar Baloch

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economist2 said:
sir, I need help with this one

Which of the following will necessarily cause the supply curve of labour in a particular industry to
shift to the right?
A a fall in wages paid in similar occupations
B a greater use of machinery
C an increase in demand for the product
D a strengthening of trade union influence in the industry

A is the answer but i don understand how a fall in wage shifts supply curve to right.
Click to expand...
Fall in wages in similar industry means now people will not supply themseleves for that low paid industry, rather they will move to the other (particular) industry therefore supply will rise for a particular industry and supply curve for labour will shift to the right.
 
Qamar Baloch

Qamar Baloch

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economist2 said:
Out of any addition to national income, 20 % is spent on imports, 25 % is paid in taxes, 5 % is
saved and the rest is spent on domestically produced goods.
What is the value of the multiplier?
A 20 B 5 C 2 D 0.5
Answer is C.HOW?
Click to expand...
multiplier in four sector economy is
k = 1/pms+MPT+MPM = 1/0.0.5 + 0.25 + 0.2 = 1/0.5 = 2
20% = 0.2, 25% = 0.25 and 5% =0.05.
Hope you got it.
 
Qamar Baloch

Qamar Baloch

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I am really very happy to see your discussion. I remained very busy in updating my books and could not check this thread. However, I will try to check your issues on and on. Keep it up! Wish all of you very best of luck!
 
Junaid Malik

Junaid Malik

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Hello sir, is it possible that you could check my answers for the paper 2 if i send them to you? Any help would be appreciated, thank you x
 
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