Economics 2281/12: How did it go???

[Dark Destination]

The option was d

Can you type the exact mcq if you remember? And the options?

 

[Taha Noman]

Nah, they wanted to reduce migration, so the aim of that action was to increase employment in rural areas. That's it.

External costs are related to consumption or production. One individual who migrates, might contribute to pollution.. and all of the increased population might collectively lead to pollution, but it's not much of a valid point. But the question was about the reason for their decision, which is to increase employment in rural areas.

Lol trust me. Your answers = my answers. Like everything

 

[Taha Noman]

Why did they have to make such a difficult paper -_- I mean the past papers were so damn easy. 26/30 is not a good score. :/ approx how much did you guys score?
Motorist question : the government wants to raise tax on motorists to reduce budget deficit, it argues it has to do so to continue with it's existing services. The motorists argue doing so would decrease their revenue.
Options that made sense:
1) inflation and Private sector
2) Public exp and Oppurtunity cost (I chose this one)
Am I correct?

 

[Layla..]

Why did they have to make such a difficult paper -_- I mean the past papers were so damn easy. 26/30 is not a good score. :/ approx how much did you guys score?
Motorist question : the government wants to raise tax on motorists to reduce budget deficit, it argues it has to do so to continue with it's existing services. The motorists argue doing so would decrease their revenue.
Options that made sense:
1) inflation and Private sector
2) Public exp and Oppurtunity cost (I chose this one)
Am I correct?

Is it like what activites were involved in the situation above?
if so, public exp and opportunity cost would be relevan, government represents the public sector whilst opportunity costs could be many in the situation.
Inflation does not make any sense here? Neither private sector :/

 

[Layla..]

Why did they have to make such a difficult paper -_- I mean the past papers were so damn easy. 26/30 is not a good score. :/ approx how much did you guys score?
Motorist question : the government wants to raise tax on motorists to reduce budget deficit, it argues it has to do so to continue with it's existing services. The motorists argue doing so would decrease their revenue.
Options that made sense:
1) inflation and Private sector
2) Public exp and Oppurtunity cost (I chose this one)
Am I correct?

Inflation might make sense but it would be way toooo deep, i mean, the demand by motorists is price-elastic as it says taxing would lower govt revenue but then inflation is affected by overall level of prices not a single element and its like I said, way too deep, doncha think?
And no clear reference to private sector has been made.
Idk, I'm probably going all 'weird' right now,sorry

 

[Tasfia]

What was the answer for the question related to using corn for fuel? Was it a shift in the supply curve or a shift along the supple curve?

 

[Ram97]

What was the answer for the question related to using corn for fuel? Was it a shift in the supply curve or a shift along the supple curve?

I did shift in supply curve... guess that was option D

 

[Taha Noman]

I did shift in supply curve... guess that was option D

I did that too. And we were wrong

 

[Taha Noman]

Inflation might make sense but it would be way toooo deep, i mean, the demand by motorists is price-elastic as it says taxing would lower govt revenue but then inflation is affected by overall level of prices not a single element and its like I said, way too deep, doncha think?
And no clear reference to private sector has been made.
Idk, I'm probably going all 'weird' right now,sorry

Well cost push inflation maybe? I know it's wayyy to deep. That's why I didn't choose it

 

[Master Killer]

I dont remember what was the qs.
The 2nd qs. was also tricky

Do you remember what exactly was the 2nd question?

 

[Master Killer]

Last one was increase to 20 m

YUP

 

[Master Killer]

It was like, which is not a public sector thingy. And there were options.
A was something related to travel insurance.. i did that..
All other seemed like public sector work..

Yes the insurance WALA is most probably correct, I did that too!

 

[Master Killer]

I did increased use of labour.. it's right.

Why are you thinking that the option of the majority is right?

Do you remember that question exactly? :/

 

[Master Killer]

Nah, they wanted to reduce migration, so the aim of that action was to increase employment in rural areas. That's it.

External costs are related to consumption or production. One individual who migrates, might contribute to pollution.. and all of the increased population might collectively lead to pollution, but it's not much of a valid point. But the question was about the reason for their decision, which is to increase employment in rural areas.

I agree with you Bro.

 

[Master Killer]

Why did they have to make such a difficult paper -_- I mean the past papers were so damn easy. 26/30 is not a good score. :/ approx how much did you guys score?
Motorist question : the government wants to raise tax on motorists to reduce budget deficit, it argues it has to do so to continue with it's existing services. The motorists argue doing so would decrease their revenue.
Options that made sense:
1) inflation and Private sector
2) Public exp and Oppurtunity cost (I chose this one)
Am I correct?

I also chose Public exp and Oppurtunity cost!

 

[Ram97]

Do you remember what exactly was the 2nd question?

2nd qs. was abt the PPC related to employment...

 

[Ram97]

I did that too. And we were wrong

Whaaaaaaattt???????

 

[Taha Noman]

Whaaaaaaattt???????

Yes it was supply along the curve something. I know, I'm sad too

 

[Ram97]

Yes it was supply along the curve something. I know, I'm sad too

 

[Layla..]

Yes it was supply along the curve something. I know, I'm sad too

if it was due to price then definitely its supply along the curve