Economics P12 june 2012 ANSWERS...!!!

[Mattman]

yup^ said B as well

 

[fahadzaidi96]

I think the answer was in the range of 1.66-2
Secondly can Anyone tell me the answer of question which said reduction in unemployment has no affect on Inflation

 

[Mattman]

I think the answer was in the range of 1.66-2
Secondly can Anyone tell me the answer of question which said reduction in unemployment has no affect on Inflation

How can 1.66 and 2 be WITHIN 1.66 to 2? doesnt make any sense. B is a better awnser

Anyway it was the global competitiveness awnser for that one

 

[mhalvi]

How can 1.66 and 2 be WITHIN 1.66 to 2? doesnt make any sense. B is a better awnser

Anyway it was the global competitiveness awnser for that one

hehehehe Mattman how about a range of 1-100 that also cums widin the range..!!! It wudnt have been wrong ..ryt?

 

[Mattman]

hehehehe Mattman how about a range of 1-100 that also cums widin the range..!!! It wudnt have been wrong ..ryt?

if ur saying if 1.66 and 2 is within 1-100, yes

 

[ibadsiddiqi]

How can 1.66 and 2 be WITHIN 1.66 to 2? doesnt make any sense. B is a better awnser

Anyway it was the global competitiveness awnser for that one

Yea it was global competitiveness

 

[Agassi Cazaubon]

Yea it was global competitiveness

Can you remember the exact question and the options ?

 

[KinG KhAn 12]

I think the paper was difficult

 

[KinG KhAn 12]

the GT will be 20-22

 

[KinG KhAn 12]

what was the answer of that cons surplus ?
was it 2;4;6

 

[mhalvi]

what was the answer of that cons surplus ?
was it 2;4;6

absolutely yes!
All had a surplus of$2

 

[mistymemory]

What about the question of cash,credit card,and cheque?

 

[Saad Ghori]

What about the question of cash,credit card,and cheque?

Only cash. I think the option was C.

absolutely yes!
All had a surplus of$2

The answer was D. All 3 of them were getting a consumer surplus of $4.

 

[mr.ives_94]

for the first PPF question, i doubt the answer was increase in the price of energy. the ppf shifted inwards showing decreased production and productive capacity. An increase in the price of energy CAN decrease production levels but CANT decrease productive capacity. I chose decrease in innovation, but almost everyone I know chose increase in unemployment rates so I'm starting to think they're right...

 

[mhalvi]

Only cash. I think the option was C.

The answer was D. All 3 of them were getting a consumer surplus of $4.

yes it was D! But do u remembr their amounts, I think it was 10 8 and 6...so tht turned into 6 4 2 so yes all had 4 consumer surplus...

 

[Sonish Raj Pant]

the answer to the PPF question was decrease in innovation! i thought the paper was rather easy! expecting to score around 28!

 

[Agassi Cazaubon]

the answer to the PPF question was decrease in innovation! i thought the paper was rather easy! expecting to score around 28!

Explain please

 

[Sonish Raj Pant]

a decrease in innovation means that a country will have lesser new, more efficient capital for the future... if the same level of innovation had been sustained the level of production would not have decreased leaving the PPF intact.. but since the question said "decrease in innovation" the country will have less of more efficient capital in the long run thus causing the PPF to shift inwards... i asked my teacher abt this question and he said the answer was A... and he is an examiner.. so yea..

 

[Mattman]

What's your awnser for the cost benefit question?

 

[Sonish Raj Pant]

consumer surplus.. cuz producers vie to maximize their profits.. so in course of that they won't mind taking up all of consumers' surpluses... and other answers seemed unlikely... ur talking abt the same question, aren't you?