A Levels Economics MCQ Doubts

[Crimson-Saint]

View attachment 48831

D cus it looks like the only true statement...as by lowering direct taxes...people would have more money to spend hence increasing Aggregate demand which leads to Demand Pull Inflation

 

[Crimson-Saint]

View attachment 48829

it's asking the domestic PRODUCTION meaning it has got to do with the supply...so at P1 supply was hitting at point W and when tarrif is removed and new price is now P2 supply now only reaches till V so the change is WV

 

[Aakash Raka]

D cus it looks like the only true statement...as by lowering direct taxes...people would have more money to spend hence increasing Aggregate demand which leads to Demand Pull Inflation

Why it cant be A?

 

[Aakash Raka]

A or C?

 

[Aakash Raka]

Please explain.

 

[Aakash Raka]

 

[Aakash Raka]

 

[Aakash Raka]

In the MS answer is B can someone please explain. and also why the answer cant be C?

 

[Aakash Raka]

Why the price paid by japanese consumers will increase?

 

[Aakash Raka]

 

[B!(+)(+)dy $k(_)!!]

A or C?
View attachment 48834

I guess A because a positive statement can be incorrect also.

 

[B!(+)(+)dy $k(_)!!]

Please explain.View attachment 48835

Obvio the number of firms bro

 

[B!(+)(+)dy $k(_)!!]

View attachment 48836

$20 - $17 = $3

 

[B!(+)(+)dy $k(_)!!]

View attachment 48838

In the MS answer is B can someone please explain. and also why the answer cant be C?

International trade obviously as a fall in unemployment will not produce something which is outside the PPC.

 

[B!(+)(+)dy $k(_)!!]

View attachment 48848

I think it's B.
Is it right?

 

[Aakash Raka]

$20 - $17 = $3

Thanks a lot

 

[Aakash Raka]

I think it's B.
Is it right?

Yes but can you please explain how? B!(+)(+)dy $k(_)!!

 

[Aakash Raka]

Obvio the number of firms bro

But this answer is wrong even i thought the same but the answer is B

 

[Aakash Raka]

I guess A because a positive statement can be incorrect also.

But why not C?

 

[Aakash Raka]

B!(+)(+)dy $k(_)!! Crimson-Saint