A Level Economics:

[AlphaBeta]

can anyone explain APC and MPC as income increases

 

[:: A^]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s10_qp_11.pdf

Can someone explain Q4 pls

 

[Muskan Achhpilia]

Hey, I have an economics doubt can anyone explain :

I thought the answer should be A but is B?
Thanks!

 

[TheZodiac]

Hey, I have an economics doubt can anyone explain :

I thought the answer should be A but is B?
Thanks!

3) It's B because in small market, small no. of labour would be higher and thus division of labour would not be possible.
4) Answer is C because A and B can never be possible in market mechanism to determine the price, where as in D, it also contradicts the concept of free market price determination because only those who have the money are able to attain the necessary goods at a particular price level determined by the forces of demand and supply; Neither consumer, nor producer can determine the price in free market economy, Adam smith said that.

 

[Muskan Achhpilia]

3) It's B because in small market, small no. of labour would be higher and thus division of labour would not be possible.
4) Answer is C because A and B can never be possible in market mechanism to determine the price, where as in D, it also contradicts the concept of free market price determination because only those who have the money are able to attain the necessary goods at a particular price level determined by the forces of demand and supply; Neither consumer, nor producer can determine the price in free market economy, Adam smith said that.

Thanks!

 

[AlphaBeta]

how to do this ??

 

[AlphaBeta]

how is the answer C ?????

 

[Muskan Achhpilia]

http://papers.xtremepapers.com/CIE/...d AS Level/Economics (9708)/9708_s07_qp_2.pdf

In question 1 a i) can someone please just tell me the ppc's vertical and horizontal axis labels...(I am sort of confused)


Thanks a lot!

 

[David Hussey]

LOL
Did you know that one of the latest indicators of standard of living is the Big Mac indicator?
Countries are ranked according to how long an average waged worker must work to be able to afford a Big Mac. I'm not sure what happens if they go to Burger King!
can we write in this in the exam?
source:http://www.s-cool.co.uk/a-level/geo...evise-it/measuring-differences-in-development

 

[Muskan Achhpilia]

Can someone please help me out how to go about the following questions-
(a) Explain why all types of economic system benefit from the existence and use of money. [8]
(b) Discuss whether an economy’s production possibility curve is more likely to move inward or outward over time. [12]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s12_qp_22.pdf

 

[David Hussey]

No the answer is D. But what is the price of equities?? is it the cost of investments or something??

OMG ITS D? I ANSWERED AN ECON MCQ QUESTION CORRECTLY!

 

[Muskan Achhpilia]

Can someone please help me out how briefly to go about the following questions-
(a) Explain why all types of economic system benefit from the existence and use of money. [8]
(b) Discuss whether an economy’s production possibility curve is more likely to move inward or outward over time. [12]
(c)Explain the characteristics required by money if it is to carry out its functions effectively. [8]

 

[zara97]

View attachment 38589
how is the answer C ?????

i guess because firm X is being affected by an activity it wasn't involved in which is basically the definition of an externality...

 

[Qamar Baloch]

Nice effort dear students. Keep it up!

 

[Iqra aftab]

(b) Discuss, using examples, whether cost-benefit analysis is an effective way of decision making when allocating an economy’s resources.
Please help me with this question.
Thanks in advamce

 

[David Hussey]

(b) Discuss, using examples, whether cost-benefit analysis is an effective way of decision making when allocating an economy’s resources.
Please help me with this question.
Thanks in advamce

people would be willing to help if its an mcq not essay question

 

[Qamar Baloch]

Guess will be posted here very soon. Keep watching this thread.

 

[Sarah Paul]

Guess will be posted here very soon. Keep watching this thread.

Yes sure

 

[:: A^]

Guess will be posted here very soon. Keep watching this thread.

sure thing! watching it for quite a while now

 

[zara97]

ok I'm confused about how rational consumer is expected to behave cuz there's a data response question about bottled water and the mark scheme says that a consumer will behave rationally if he believes that he is maximizing his current wants regardless of whether this choice is thought of as unwise. so a consumer will be rational if he uses bottled water because it's fashionable and he thinks that he is fulfilling his current want even if there's cheap tap water available as a substitute.

And what are direct intervention policies!!!! they're being used in a number of mark schemes as policies to foster growth but no mention of them anywhere else.

And how would an increase in demand for our currency affect the speculative demand for money??