ECONOMICS Paper 2

[ahsan99]

Any one appearing for olevel econ?

 

[Shahnam]

I am..

and i've got a query which led me to come online this time..
what are compliments of oil ????

 

[ahsan99]

a product used in conjunction..so may be its cars
see if demand of cars falls demand of oil will fall too ...put it the other way..
though imnt sure

 

[ahsan99]

How did it go? few of the qtns were problematic esp the section A ones ..rest were very easy
cum on..need discussion!

 

[yousafs c]

i know!!! it was shocking that labour market and price mechanism didnt come!

 

[ahsan99]

i know!!! it was shocking that labour market and price mechanism didnt come!

Price mechanism did come..!
IN market economy allocations of resources is decided by the price mechanism
What answer did you write to the qth that asked for how effective the govt policies can be other than providing health services and state benefits in reducing poverty (6)
ANSWERS PLEASE!!!

 

[yousafs c]

i meant directly. usually it comes both ways, directly and indirectly.

 

[ahsan99]

Please tell me your answer to the qtn i wrote above

 

[Shahnam]

paper was nice. i did question no.3, 5, 7

 

[ahsan99]

paper was nice. i did question no.3, 5, 7

PLease i need your points to qtn i wrote above...it wasnt easy
and i did 1/2/7

 

[yousafs c]

ahsan99, didnt u miss 1 question. u r to do4!

 

[ahsan99]

ahsan99, didnt u miss 1 question. u r to do4!

yar section A walla compulsory hota hai..ohhh my bad i did 1/2/3/7 ...
i dont think they are too many to miss any
and sir please answerr

 

[Shahnam]

frankly speaking, i dont remember what i wrote. my desk was dirty and uncomfortable and i couldn t see the clocks.. it was bad experience today as i could do the time managment properly. i had to make diagrams for my answers to look complete.
i think i wrote the effects of contractionary and expansionary fiscal policy. the demand and supply and the economics growth. The questions in Section A were quite same.
The healthcare or state benefits which is more good for economy? i was confused which way to go. I wrote healthcare! right or wrong?

 

[yousafs c]

ahsan99 u wrote 1,2,7
thats y i asked!
u r fine!
i did 1,4,5,7

 

[ahsan99]

frankly speaking, i dont remember what i wrote. my desk was dirty and uncomfortable and i couldn t see the clocks.. it was bad experience today as i could do the time managment properly. i had to make diagrams for my answers to look complete.
i think i wrote the effects of contractionary and expansionary fiscal policy. the demand and supply and the economics growth. The questions in Section A were quite same.
The healthcare or state benefits which is more good for economy? i was confused which way to go. I wrote healthcare! right or wrong?

actually there isnt RIGHT or WRONG thing ..u will get good marks if u justify it
acha i was confused with it too ..i explained it like
health services improved means healthy work force ...higher productivity..so higher output ..and economic growth
in other state benefits i wrote ..they may help to provide edu. and so skilled labour ..higher employment
i supported state benefit since labour force wud not only increase but also b more productive

and for the last part please yousaf write it down ..my humble request

 

[ahsan99]

and dont worry ull do gud..actually there isnt a right wrong thing

 

[yousafs c]

Sorry for the late response!!! The last part was pretty tricky i know.

I wrote about other measures that a government could take to reduce poverty, and the limitations faced to it. I discussed carrying out infrastructure development projects that would create employment and increase standards of living to attract foreign investment. i mentioned the limitation of lack of funds to carry out and that this may only employ skilled labour, and would do nothing to employ all the available labour. hence, would not be very effective.

i also mentioned educational facilities and explained advantages and limitations to that. i said that the rural perspective to have men work on the farms and women to take care of home, would be a great constraint hence this would not be very effective.

then i mentioned controlling the birth rate to increase the avearge income per head. I discussed more merits of a low birth rate. and for the ineffectiveness i wrote the religous point of view against contraception.

i concluded saying that educational facilities were most effective!

 

[ahsan99]

Sorry for the late response!!! The last part was pretty tricky i know.

I wrote about other measures that a government could take to reduce poverty, and the limitations faced to it. I discussed carrying out infrastructure development projects that would create employment and increase standards of living to attract foreign investment. i mentioned the limitation of lack of funds to carry out and that this may only employ skilled labour, and would do nothing to employ all the available labour. hence, would not be very effective.

i also mentioned educational facilities and explained advantages and limitations to that. i said that the rural perspective to have men work on the farms and women to take care of home, would be a great constraint hence this would not be very effective.

then i mentioned controlling the birth rate to increase the avearge income per head. I discussed more merits of a low birth rate. and for the ineffectiveness i wrote the religous point of view against contraception.

i concluded saying that educational facilities were most effective!

Acha i wrote...policy may not be effective because of
-delays in decision making
-may lack commercial expertise
-may be influenced by politcal factors
-financial aid..funds not allocated effectively as may be restrictions on usage
-uneven distribution of wealth
-if loan need to fund..may fall into debt..underdevelopment


May be effective
-education can improve skills more productivity hence..employment may increase
-subsidies and grants to industries etc

what did u write to the qtn that asked...health or state benfits more imp?
And specialisation adv and disadv?

 

[m3hdi *n3No*]

I rather took a didd approach poverty is because either transfer of payment or redistribution is not done proper so direct taxes can be used to distribute fiscal poverty might be because of inflation so grant subsidy so interest rate and grant and subsidy will keep price low encourage employment further investment in human resource industrial and service sector. Break monopolies as they have *efficiency* more good services low quality Hightower price less needs satisfied even may be because of the fact exploitation of resources is not done so open up barrios encourage trade. However to do government might increase taxes. Large bureaucracy and opportunity cost in terms of either like paying debt etc central bank monetary policies are not changing with time

 

[ahsan99]

I rather took a didd approach poverty is because either transfer of payment or redistribution is not done proper so direct taxes can be used to distribute fiscal poverty might be because of inflation so grant subsidy so interest rate and grant and subsidy will keep price low encourage employment further investment in human resource industrial and service sector. Break monopolies as they have *efficiency* more good services low quality Hightower price less needs satisfied even may be because of the fact exploitation of resources is not done so open up barrios encourage trade. However to do government might increase taxes. Large bureaucracy and opportunity cost in terms of either like paying debt etc central bank monetary policies are not changing with time

I dont think its relevant to the context of the qtn..i mean it was HOW EFFECTIVE