ECONOMICS PAPER 1

[ahsan99]

So lets discuss it. It was pretty easy ..what say?

 

[Shahnam]

i got confused in three of the questions.
firstly, the one which asked for the government's responsibility to provide what (a) ticket checker (b)security cameras (c) security guards (d) immigration officers ?

 

[Shahnam]

i've answered: immigration.

 

[ahsan99]

Yes i marked the same

What about the qtn that asked for k why will a worker chose to work for govt. rather than private sector
and secondly what was the answer to the qtn that stated , iceland has higher HDI but lower GDP than USA

 

[vardaan371]

for the worker one it wa that he will have the opportunity to work within a large organization and for iceland one it was higher life expectancy .

 

[ahsan99]

yes
how did your paper 1 go?

 

[vardaan371]

excellent. expecting good marks. actually, i did igcse economics but most of the questions are generally same.

 

[ahsan99]

Ur from Pakistan? so eco paper 1 for igcse and olevel is similar?

 

[index]

Ur from Pakistan? so eco paper 1 for igcse and olevel is similar?

not at all

 

[ahsan99]

it should be ..i gave olevel eco he gave igcse...same questions were asked!

 

[ahsan99]

What was the ans to the qtn , why choice is an imp element in basic eco problem

 

[Shahnam]

oh thankGod. I marked same aswell.
and what about that integration one. was it backward followed by forward??

 

[Shahnam]

because the fixed resources have alternative uses.

 

[ahsan99]

Yup
acha what was the total tax?

 

[Shahnam]

2 x 75 = $150

 

[ahsan99]

right

 

[Shahnam]

the question which refered to China. was its answer keh its trade surplus increase and demand for local engines also increases?

 

[ahsan99]

haha yes..and another qtn was k how the largest mining company of the world HBP managed to increase its profits by 20% ..what abt it?

 

[Shahnam]

increase in China's demand..!?!?!??!!

 

[ahsan99]

YES!! ..so i think thats it!