ECONOMICS HELP PLEASEEEE!!!!!!!!!!!!!

[Ali hussain-97]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Economics (0455)/0455_s10_qp_11.pdf why is the answer to question 30 C? Please provide reasons to support your answer.

 

[CVB15]

http://papers.xtremepapers.com/CIE/Cambridge IGCSE/Economics (0455)/0455_s10_qp_11.pdf why is the answer to question 30 C? Please provide reasons to support your answer.

"Question 30 was directed to the section of the syllabus which asks about the benefits of specialisation and
the merits of free trade and protection. Textbooks state that if protection of international trade is decreased
countries can concentrate on specialising in the production of the goods and services in which they are most
efficient. Subsidising job creation or protecting businesses would not encourage specialisation. Neither
would diversification into areas of production which does not necessarily make the most efficient use of
resources. The question asks which of the options would best encourage greater specialisation. There may be alternative policies which would be possible but the best one of those stated is the policy to promote free trade" as said in the examiner's response for may/june 2010- this question proved to be one of the three most difficult questions on the paper.

 

[za Shadow]

please help guysss i am so terrified please i have lots of mistakes and i don't know why so please help me before my exam

w12_qp_11
q6 what does external economies of scale mean?
q9 i don't understand it
q11 what is market force ?
q15 i don't understand it :/
q17 floods would affect the demand of the product not the supply so why isn't it correct ?
q18 i don't get it
q23 why A ?
q24 why B ?

w12_qp_13
q11 and q12 i don't understand them
q15 what are internal and external economies of scales and diseconomies of scale
q16 i don't understand it
q19 q16 i don't understand it
q21 why D q16 i don't understand D what does D mean ?
q25 q16 i don't understand it

0455_s12_qp_11
q25 why D i don't understand the whole idea
q27 why the answer is D not B ?

0455_s12_qp_12
q8 why A ?
q12 when interest rate falls savings fall and borrowing rise why here, borrowing falls too ?
q25 why D, i don't understand the whole idea :/

w11_11
q4 and q6 q16 i don't understand them
q14 why D ? q16 i don't understand the question
q28 why C i don't get it
q29 what is the difference between A and C ?

s11_11
q8 why C
q9 why A
q11 i don't understand it
q14 what is pretax and after tax income
q16 and q18 i don't understand them :/
q 24 all answers seem correct why is it B
q30 what are custom barriers and what are strategic goods

w10_11
q11 what does C mean and why it is B not C
q16 why D not C
q13 why A
q21 and q22 i don't understand them
q30 why D

s10_11
q23 how is the answer A
q27 all answers seem correct so why B

s10_12
q8 i don't understand it
q9 how B
q10 why D
q18 why A not D
q27 and q28 and 30 i don't understand them

w09_1
q5 i don't understand neither the question nor the answer
q16 why C not A or B?
q21 i don't understand it
q22 why A i don't understand the question at all
q25 why D?? doesn't make sense
q27 why B not D
q30 what are these arguments listed ? should we know them ? why is it B ?

s09_1
q7 why B not C
q11 why is this the answer?
q25 i don't understand it

w08_1
q4 and 15
q24 how do we do it
q34 what does omit mean?

w08_3
q12, q14, q18, q19, q23, q29, q32

s08_1
q10, 12 why D, 13 why C, 24, 31, 32

s08_3
q1, 7, 9, 10, 11, 17, 19, 21, 26, 27, 31, 34, 37

w07_3
q12 C doesn't that mean that its a want not a need so should be price elastic >1 ?
q15 why A not D ?
q17 why A
q22 why C
q29 and 33 how to answer these type of questions, all of them seem correct

s07_1
q2, 14, 16, 28, 32, 36 i don't understand them

s07_3
q19 why D not C
q20 why A not B
q22 why B not A
q30 how to think and answer these types of questions

w06_1
q7, 8, 16, 19, 28, 29, 31

w06_3
q17 how to answer these questions, why D not C
q28 why A not B
q29 i don't understand the whole concept
q30 what does C and D mean and why D

s06_1
q26 why B
q29 why C
q31 what does internal and external value mean ?
q38 and 39 why A

s06_3
q29 why C

w05_1
q4, 10, 13, 25 what does welfare mean, q31 C, 32, 36

w05_3
q7 i don't understand the whole question, why D, q24 why C not D, q29 why B not D, q34 i don't understand the whole question, 36 how to solve these types of questions, 37 why C not D

s05_1
q4, 9, 17, 22, 23, 29 what does debits mean, 30, 31, 33 i don't understand them

w04_3
q3, 6, 7, 12, 15, 16,19 why A other answers seem correct too, 23, 33, 34

s04_3
q2, 7, 10
q12 all seem correct why B
q14 why D not B
q29 i don't understand it at all
q30 why D not B
q31 why B
q32 why C not A
q38

w03_ 3
q2, 10, 14, 18, 24, 28, 35
q4 why C not D
q7 why B not C

s03_3
q9 why C i don't understand the choices available
q14 why A not B
q40 why B not C

w02_3
q14 i don't understand these types of savings helppp
q26 i don't understand how to answer these types of questions why C not D

this is the link for all the files that you'll need... please please please help me i don't want to fail economics this is my last chance to at least pass
https://drive.google.com/folderview?id=0B5o5i4R-mgp3dHV5SFB2NlNURTA&usp=sharing

 

[Ali hussain-97]

please help guysss i am so terrified please i have lots of mistakes and i don't know why so please help me before my exam

w12_qp_11
q6 what does external economies of scale mean?
q9 i don't understand it
q11 what is market force ?
q15 i don't understand it :/
q17 floods would affect the demand of the product not the supply so why isn't it correct ?
q18 i don't get it
q23 why A ?
q24 why B ?

w12_qp_13
q11 and q12 i don't understand them
q15 what are internal and external economies of scales and diseconomies of scale
q16 i don't understand it
q19 q16 i don't understand it
q21 why D q16 i don't understand D what does D mean ?
q25 q16 i don't understand it

0455_s12_qp_11
q25 why D i don't understand the whole idea
q27 why the answer is D not B ?

0455_s12_qp_12
q8 why A ?
q12 when interest rate falls savings fall and borrowing rise why here, borrowing falls too ?
q25 why D, i don't understand the whole idea :/

w11_11
q4 and q6 q16 i don't understand them
q14 why D ? q16 i don't understand the question
q28 why C i don't get it
q29 what is the difference between A and C ?

s11_11
q8 why C
q9 why A
q11 i don't understand it
q14 what is pretax and after tax income
q16 and q18 i don't understand them :/
q 24 all answers seem correct why is it B
q30 what are custom barriers and what are strategic goods

w10_11
q11 what does C mean and why it is B not C
q16 why D not C
q13 why A
q21 and q22 i don't understand them
q30 why D

s10_11
q23 how is the answer A
q27 all answers seem correct so why B

s10_12
q8 i don't understand it
q9 how B
q10 why D
q18 why A not D
q27 and q28 and 30 i don't understand them

w09_1
q5 i don't understand neither the question nor the answer
q16 why C not A or B?
q21 i don't understand it
q22 why A i don't understand the question at all
q25 why D?? doesn't make sense
q27 why B not D
q30 what are these arguments listed ? should we know them ? why is it B ?

s09_1
q7 why B not C
q11 why is this the answer?
q25 i don't understand it

w08_1
q4 and 15
q24 how do we do it
q34 what does omit mean?

w08_3
q12, q14, q18, q19, q23, q29, q32

s08_1
q10, 12 why D, 13 why C, 24, 31, 32

s08_3
q1, 7, 9, 10, 11, 17, 19, 21, 26, 27, 31, 34, 37

w07_3
q12 C doesn't that mean that its a want not a need so should be price elastic >1 ?
q15 why A not D ?
q17 why A
q22 why C
q29 and 33 how to answer these type of questions, all of them seem correct

s07_1
q2, 14, 16, 28, 32, 36 i don't understand them

s07_3
q19 why D not C
q20 why A not B
q22 why B not A
q30 how to think and answer these types of questions

w06_1
q7, 8, 16, 19, 28, 29, 31

w06_3
q17 how to answer these questions, why D not C
q28 why A not B
q29 i don't understand the whole concept
q30 what does C and D mean and why D

s06_1
q26 why B
q29 why C
q31 what does internal and external value mean ?
q38 and 39 why A

s06_3
q29 why C

w05_1
q4, 10, 13, 25 what does welfare mean, q31 C, 32, 36

w05_3
q7 i don't understand the whole question, why D, q24 why C not D, q29 why B not D, q34 i don't understand the whole question, 36 how to solve these types of questions, 37 why C not D

s05_1
q4, 9, 17, 22, 23, 29 what does debits mean, 30, 31, 33 i don't understand them

w04_3
q3, 6, 7, 12, 15, 16,19 why A other answers seem correct too, 23, 33, 34

s04_3
q2, 7, 10
q12 all seem correct why B
q14 why D not B
q29 i don't understand it at all
q30 why D not B
q31 why B
q32 why C not A
q38

w03_ 3
q2, 10, 14, 18, 24, 28, 35
q4 why C not D
q7 why B not C

s03_3
q9 why C i don't understand the choices available
q14 why A not B
q40 why B not C

w02_3
q14 i don't understand these types of savings helppp
q26 i don't understand how to answer these types of questions why C not D

this is the link for all the files that you'll need... please please please help me i don't want to fail economics this is my last chance to at least pass
https://drive.google.com/folderview?id=0B5o5i4R-mgp3dHV5SFB2NlNURTA&usp=sharing

W12 qp11)Q6: A firm experiences external economies of scale when 2 or more firms join together to from a large enterprise. This can be done through merger, which is normally joining together, or through takeover which occurs when one company get's taken over by the other company through the purchase of the majority of it's share on the stock market.
The external economies of scale benefits are :
1) Access and providing training and education courses to workers. (Answer A)
2)Joint marketing benefits: Small firms located near these joined firms can provide them with equipment and services they need.
3)Ancillary firms: New and small firms that are located near large firms in the same INDUSTRY can share reputation for producing high quality products.



Q9)Fixed costs are costs that do not vary with output, suppose Apple didn't produce any mobile phones for a month and the firm is still running. The owner of apple must pay for electricity, machinery or interest on money borrowed from banks. These costs do not vary with output and even if the firm is producing mobile phones the fixed costs will remain the same at all output levels. These costs are called fixes costs. For each graph, you must look for the highest value of the ATC when no outputs are produced(0). The answer is A since it's the highest of all.


Q11) Market forces are always DEMAND and SUPPLY.



Q15) External costs are costs that affect the society as a whole. Suppose if there was a nuclear bomb, the radiation will travel far far away and reach to different countries. Hence, many countries will be affected which is an external costs. In this question, there was an oil leakage, this affected the sea which is important for the fishing industry. Since the fish are affected, fishers won't be able to catch fishes so there job is affected. You can think of External costs as disadvantages or negative externalities.



Q17)There was a flood, the flood will affect the supply because firms will be affected. The demand is the want and the willingness to buy a product from producers. The flood affected the production of wheat so the supply of wheat to the market is affected so the supply curve will shift to the left and there is no change in demand because consumers aren't affected by this incident only the suppliers of wheat are.


Q18) A and B are totally unrelated to market failure, D was related to demand. Hence C is the answer because the market of the cars failed to reduce it's effects on the environment. This is a failure because people are only concerned with their own private costs and benefits.





Q23)Because net current transfers are the payments of taxes and excise duties such as alcohol, gifts in the border of a country. Aid is never in trade in goods and services because this emergency aid is not exported or imported for the sake of money, it was intended to help overseas countries. Income flows are wages, salaries and dividends from shares that are earned from overseas by the country. So the answer is A.




Q24) Sorry I can't help you on this one I din't even understood it.

 

[Ali hussain-97]

w12_qp_13
Q11) Trade unions are organisations that promote and protect the INTEREST OF IT'S MEMBERS to improve pay and working conditions etc... In this question, the answer is obvious which's C which is help for the trade union members.
Q12)B and C are both types of shares. Shares aren't available in cash everytime because some joint stock companies can use the dividend of the share to purchase additional shares for the shareholder. So the answer is A.

Q15) I am confused between C and D therefore I won't explain it.

Q16) As I explained before, fixed costs are costs that don't vary with output but variable costs are costs that vary with outputs so in the question the firm produced 10 more units so it's variable costs increased (raw materials etc...).
Hence, variable costs and the total costs (Fixed+variable) will change so the answer is D.

Q19) A and B are totally wrong because we can't predict whether a firm will make a loss or a profit and these competitive firms are in a perfect competition market and in this type of market they can't set the price. Monopolies are the only one who can set the market price. D is wrong too because competitive firms are usually small and they don't have the enough finance to invest in research but Monopolies do. So the answer is C since competitive firms slightly enjoy economies of scale because they aren't large enough to increase their output and reduce their average COSTS.

Q21) A is wrong because in this case the gov is the one who restricted the supply of wheat to control it's price. B is also wrong because it wasn't stated that the govn controlled the production of wheat. C is also wrong because the supply of wheat decreased so the market price MUST RISE AND NOT FALL. So the answer is D.

Q25) The answer is C because the there was an investment in infrastructure in South Africa. Investing in infrastructure will cause an increase in the output produced in the country so the GDP will rise because new firms can develop and employ workers and they will be attractedto work in a better infrastructure.

 

[Ali hussain-97]

S6_qp1

Q26) It's B because a monetary policy involves the government to change the interest rate of a country. The minimum lending rate is the same as saying the interest rate of borrowing money so the answer is B.

Q29 It's C because in year 1 the real income was 2-2=0 but in year 2 2.5-3.5=-1. The inflation rate rose so prices rose but the real income fell because in year 2 the rate of inflation was greater than the rate of the income so the real income which is the income adjusted to inflation fell.
'

Q31) A depreciation is always a fall. So Answer C and D are wrong. it's a fall in it's external value because when we trade a currency for the other, we must pay more of our currency to exchange for the one we want for example 1$:0.36BD 2$:0.36 so now we must pay more of a dollar to exchange for a different currency.



Q38 ) B and C are wrong because we aren't sure if the income will rise because the demand for the tea is seasonal so it depends on the season. d is wrong too because it won't make the best use of it's resources if it changed the production from Coconut to tea because the demand for coconut in a coastal area is higher than the one for tea. Ans is A




Q39) B,C,D are obviously wrong and the answer is A because the question is straight forward.




YOU REALLY NEED TO STUDY BEFORE IT'S TOO LATE BECAUSE YOUR QUESTIONS (MOSTLY) WERE EASY. GOOD LUCK

 

[za Shadow]

W12 qp11)Q6: A firm experiences external economies of scale when 2 or more firms join together to from a large enterprise. This can be done through merger, which is normally joining together, or through takeover which occurs when one company get's taken over by the other company through the purchase of the majority of it's share on the stock market.
The external economies of scale benefits are :
1) Access and providing training and education courses to workers. (Answer A)
2)Joint marketing benefits: Small firms located near these joined firms can provide them with equipment and services they need.
3)Ancillary firms: New and small firms that are located near large firms in the same INDUSTRY can share reputation for producing high quality products.



Q9)Fixed costs are costs that do not vary with output, suppose Apple didn't produce any mobile phones for a month and the firm is still running. The owner of apple must pay for electricity, machinery or interest on money borrowed from banks. These costs do not vary with output and even if the firm is producing mobile phones the fixed costs will remain the same at all output levels. These costs are called fixes costs. For each graph, you must look for the highest value of the ATC when no outputs are produced(0). The answer is A since it's the highest of all.


Q11) Market forces are always DEMAND and SUPPLY.



Q15) External costs are costs that affect the society as a whole. Suppose if there was a nuclear bomb, the radiation will travel far far away and reach to different countries. Hence, many countries will be affected which is an external costs. In this question, there was an oil leakage, this affected the sea which is important for the fishing industry. Since the fish are affected, fishers won't be able to catch fishes so there job is affected. You can think of External costs as disadvantages or negative externalities.



Q17)There was a flood, the flood will affect the supply because firms will be affected. The demand is the want and the willingness to buy a product from producers. The flood affected the production of wheat so the supply of wheat to the market is affected so the supply curve will shift to the left and there is no change in demand because consumers aren't affected by this incident only the suppliers of wheat are.


Q18) A and B are totally unrelated to market failure, D was related to demand. Hence C is the answer because the market of the cars failed to reduce it's effects on the environment. This is a failure because people are only concerned with their own private costs and benefits.





Q23)Because net current transfers are the payments of taxes and excise duties such as alcohol, gifts in the border of a country. Aid is never in trade in goods and services because this emergency aid is not exported or imported for the sake of money, it was intended to help overseas countries. Income flows are wages, salaries and dividends from shares that are earned from overseas by the country. So the answer is A.




Q24) Sorry I can't help you on this one I din't even understood it.

w12_qp_13
Q11) Trade unions are organisations that promote and protect the INTEREST OF IT'S MEMBERS to improve pay and working conditions etc... In this question, the answer is obvious which's C which is help for the trade union members.
Q12)B and C are both types of shares. Shares aren't available in cash everytime because some joint stock companies can use the dividend of the share to purchase additional shares for the shareholder. So the answer is A.

Q15) I am confused between C and D therefore I won't explain it.

Q16) As I explained before, fixed costs are costs that don't vary with output but variable costs are costs that vary with outputs so in the question the firm produced 10 more units so it's variable costs increased (raw materials etc...).
Hence, variable costs and the total costs (Fixed+variable) will change so the answer is D.

Q19) A and B are totally wrong because we can't predict whether a firm will make a loss or a profit and these competitive firms are in a perfect competition market and in this type of market they can't set the price. Monopolies are the only one who can set the market price. D is wrong too because competitive firms are usually small and they don't have the enough finance to invest in research but Monopolies do. So the answer is C since competitive firms slightly enjoy economies of scale because they aren't large enough to increase their output and reduce their average COSTS.

Q21) A is wrong because in this case the gov is the one who restricted the supply of wheat to control it's price. B is also wrong because it wasn't stated that the govn controlled the production of wheat. C is also wrong because the supply of wheat decreased so the market price MUST RISE AND NOT FALL. So the answer is D.

Q25) The answer is C because the there was an investment in infrastructure in South Africa. Investing in infrastructure will cause an increase in the output produced in the country so the GDP will rise because new firms can develop and employ workers and they will be attractedto work in a better infrastructure.

S6_qp1

Q26) It's B because a monetary policy involves the government to change the interest rate of a country. The minimum lending rate is the same as saying the interest rate of borrowing money so the answer is B.

Q29 It's C because in year 1 the real income was 2-2=0 but in year 2 2.5-3.5=-1. The inflation rate rose so prices rose but the real income fell because in year 2 the rate of inflation was greater than the rate of the income so the real income which is the income adjusted to inflation fell.
'

Q31) A depreciation is always a fall. So Answer C and D are wrong. it's a fall in it's external value because when we trade a currency for the other, we must pay more of our currency to exchange for the one we want for example 1$:0.36BD 2$:0.36 so now we must pay more of a dollar to exchange for a different currency.



Q38 ) B and C are wrong because we aren't sure if the income will rise because the demand for the tea is seasonal so it depends on the season. d is wrong too because it won't make the best use of it's resources if it changed the production from Coconut to tea because the demand for coconut in a coastal area is higher than the one for tea. Ans is A




Q39) B,C,D are obviously wrong and the answer is A because the question is straight forward.




YOU REALLY NEED TO STUDY BEFORE IT'S TOO LATE BECAUSE YOUR QUESTIONS (MOSTLY) WERE EASY. GOOD LUCK

thank you very very very very much you really gave me hope thanks a lot
please continue cause you are a great teacher

 

[VaIbHaV 1997]

Does anybody have the mark scheme for Summer 2010 QP13??

 

[Ali hussain-97]

w09_1>
Q5) Didn't understand it either.

Q16) This question is related to external economies of scale which I've explained before. You can see that one of the benefits were to train workers and recruit them. Hence, the answer is C. You can also see that A and B are wrong because they're INTERNAL ECONOMIES OF SCALE AND NOT EXTERNAL ECONOMIES OF SCALE. D is wrong too.

Q21) B and D are wrong because the statements provided information which wasn't in the graph in the first place. C is wrong because the labor force is changing because more females have entered the labor force because you can see the graph for the females after 2006, it's rising so more females have entered the labor force. So the answer is A.


Q22) Didn't understand it either.

Q25)Didn't understand it either.

Q27) The Chinese gov aimed to reduce gender imbalance by limiting the number of kids foreigners are allowed to adopt so gender imbalance will be reduced. Since the Chinese reduced the number of kids foreigners are allowed to adopt, the size of the population will fall because the Government is reducing the number of kids foreigners are allowed to adopt so population will fall. Answer is B.

Q30) The firms claimed that reducing tariffs will be bad for the emerging firms. This is true because people will be encouraged to purchase more imports since they are cheaper due to reduced import tariffs. A is wrong because the emerging firms aren't declining yet. D is wrong because sun-set industries are large industries that are old which provided jobs and incomes for the economy. C is wrong too because strategic industries are industries such as Defense, agricultural, they're important industries to a country and countries always make sure that they aren't dependent on these important industries from overseas countries. The answer is clearly B because infant industries are NEW INDUSTRIES and since the question said that these firms are (emerging) so this means that these firms are new and infant firms that must be protected from global competition to provide the time and the chance for these (Infant) firms to develop and grow. You must know what's an strategic, sunrise (Infant), Sunset industry are.

 

[Ali hussain-97]

s07_1

Q2) Answer is obviously D. A is wrong because imposing taxes will discourage firms to increase and produce outputs so they won't use their resources efficiently to specialize. C is wrong because Barter is exchanging goods and services to get another good and service (5 apples for 1 mobile). This is completely unrelated to specialization. B is wrong too because protecting trade by imposing tariffs, embargos etc.. will allow domestic firms to relax because they know that people won't import goods from the outside since they are expensive due to tariffs for example so domestic firms won't use their resources as efficient as they would if the trade protectionism is reduced. Answer is D.

Q14) Ok, the private school costs are rising, Rising costs is one of the factors that reduce the supply of something. Hence the supply curve will move to the left. The report stated that GOVERNMENT SCHOOLS ACHEIVE GOOD GRADES, so the demand FOR PRIVATE SCHOOLS WILL FALL BECAUSE THE REPORT ENCOURAGED PEOPLE TO SIGN UP FOR GOVERNMENT SCHOOLS MORE THAN PRIVATE SCHOOLS SINCE THEY ACHEIVE GOOD GRADES, HENCE, THE DEMAND CURVE WILL MOVE TO THE LEFT. ANS IS A.


Q16) You should know that income is always not included in a person's stock of wealth. Wealth is something that you own other than income that has a value, for example, company shares have a value because they can be sold on the stock market and a gold watch is usually expensive and valuable so these determine the wealth of a person.

Q28) B is completely wrong. D is also wrong because Uk isn't dependent on agriculture since a higher proportion of it's working population work in services and there was no statement that said that UK is dependent on agriculture. A is wrong because Iran doesn't have FEWER PEOPLE WORKING IN MANUFACTURING IT HAS A FEWER PROPORTION (PERCENTAGE) OF IT'S WORKING POPULATION THAT WORK IN MANUFACTURING. Therefore, answer is C.



Q32) Answer is B because from the graph in 1995, you can see that adding 14 and 30 will give you 44% of the dependent population (dependent on the working population) and in 2000, adding 20 to 24 will give you 44% dependent population. They're similar so the answer is B.




Q36) Quota is a trade barrier that sets a fixed limit on the VOLUME OF THE IMPORTED GOODS THAT'S ALLOWED TO ENTER THE COUNTRY'S BORDER. A and B and C are obviously wrong because they're unrelated to the principle of a quota son answer is D.