economics paper 1.. how was it

[khalid]

economics paper 1.. quite easy but little tricky paper. it went good for me 24+ inshallah

 

[dipikey]

hahaha.. I did okay I guess,, I hope getting 22++

 

[khalid]

wht was ur answer ov dat DVD question ... i marked C

 

[abdul110492]

wht was ur answer ov dat DVD question ... i marked C

it was suppy left n demand right

 

[yasast]

yea S shifts 2 d left n D shifts 2 d right!!

 

[username!]

what about the hat and shoe one??

 

[gerrard]

6 hat only

 

[smuz_717]

what abt the question asking excludable and non rival? what was the ans?

 

[gerrard]

tv broadcasts

 

[khalid]

no it was hats only option C

 

[smuz_717]

what was the normative statement supposed to be in mcq no.2 ?

 

[khalid]

tv broadcasts

it wasnt tv broadcast it is excludeable and also rival .. public liabraries was de answer for dis question

 

[danishjan]

bhia the answer was 100 percent tv broadcast
as if one uses tv it does not deprives other to use..for eg.if u have world call. u watach it and i can also watch it...and it is excludabela as if i dont pay i wont get a connection

 

[danishjan]

public library is also exludible and rival as there can be reestriction on entry like tiket can be charged or a membership fees..and it is rivalary as there are a limited number of books and seats in a library.....as school is a private good...same goes foor the library
b

 

[gerrard]

public lib is a public good...the question repeated and the answer was tv broadcasts

 

[khalid]

tv broadcast is also rival .... take de example of bbc and sky in uk. geo and ptv in pakistan...

 

[khalid]

when dis question came in some previous year... tv broadcast was considerded public good bit now time has changed

 

[Wr 10 Roney]

public library is also exludible and rival as there can be reestriction on entry like tiket can be charged or a membership fees..and it is rivalary as there are a limited number of books and seats in a library.....as school is a private good...same goes foor the library
b

this is a repeat MCQ and the answer is tv broad cast..

 

[Wr 10 Roney]

wht was ur answer ov dat DVD question ... i marked C

it was suppy left n demand right

both should go to the left ... s to the left because of high production costs
d to the left because he finances the 1 billion bu charging extra cost to consumers....

 

[liang3404814]

wht was ur answer for Wool question

and disequilibrium q?