Economics Paper 12 Discussion

[SamiaSaad]

24 hours have passed right? If it has then let's discuss!

 

[Sarah Paul]

24 hours have passed right? If it has then let's discuss!

Yes can discuss now

 

[SamiaSaad]

^ that question about finding out the tonnes after removing tariff, what was your answer?

 

[SitiPutri]

Guys what's the answer to the labor enterprise land capital question? The one when there's a person who wants to set up business and what are the things that she needs to purchase. Don't remember which question it is... I know that might be an easy one but for me it's so tricky somehow T_T

 

[Sarah Paul]

^ that question about finding out the tonnes after removing tariff, what was your answer?

D 33000
Wat was urs?

 

[Sarah Paul]

Guys what's the answer to the labor enterprise land capital question? The one when there's a person who wants to set up business and what are the things that she needs to purchase. Don't remember which question it is... I know that might be an easy one but for me it's so tricky somehow T_T

Wat was ur answer?

 

[SitiPutri]

Wat was ur answer?

A I think??? The one with land yes capital yes labor yes and enterprise no. I was so confused ugh. Whats yours?

 

[Sarah Paul]

A I think??? The one with land yes capital yes labor yes and enterprise no. I was so confused ugh. Whats yours?

Same thing

 

[SamiaSaad]

D 33000
Wat was urs?

23000 :O they had asked by how much import quantity had changed, so previous imports were 10000 and after tariff removal it was 33000, then it must be 23000 but I'm not sure :/

 

[SamiaSaad]

A I think??? The one with land yes capital yes labor yes and enterprise no. I was so confused ugh. Whats yours?

Same here. it was A

What about question 29? The Egyptian currency one?

 

[Sarah Paul]

23000 :O they had asked by how much import quantity had changed, so previous imports were 10000 and after tariff removal it was 33000, then it must be 23000 but I'm not sure :/

Bt there was a similar variant question which i did
U have to take the quantity after removal of tax which lies on the demand curve and which lies on the suply curve

 

[Sarah Paul]

Same here. it was A

What about question 29? The Egyptian currency one?

that was a past paper qstn answer was EGP 80 that is B

 

[SitiPutri]

What about the comparative advantage one? The one with shoes and cars (Forget which number)

 

[Sarah Paul]

What about the comparative advantage one? The one with shoes and cars (Forget which number)

Ppl say its B

 

[SitiPutri]

Ppl say its B

What's B? Is it the one with 1 for 8?

 

[Sarah Paul]

What's B? Is it the one with 1 for 8?

Idk they said it was B bt i had a small mess up with that question

 

[SamiaSaad]

What's B? Is it the one with 1 for 8?

Yeah it was B

 

[SitiPutri]

Yeah it was B

Oh thank God.

 

[:: A^]

Comparative was B
And tariff thing was 23000
i put that FOP thing as A. not sure.
what else was hard? :/

 

[SitiPutri]

Okay what about the milk question. What happens to the demand for milk when cost of cattle feed rises and cost of cheese rises as well