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Devaluation in which the government devalues its currency to make exports cheaper and imports more expensive..u just had to mention that..but they wudnt cut marks if you adequately described the other two policies.Yah i said increase in tax rates etc.Just simplifying, whats about devaluation?
For that question i just wrote some stuff..
A current account surplus can mean a good BoT,more revenue wil be earned so firms benefit, etc, and it can contribute to a BoP surplus which can appreciate the currency, can reduce cost push inflation. Not sure if thats the awnser thats wanted though..I think i wrote 1 more point but i forgot
Eh? devaluation is expenditure switching not reducing/dampening..or you meant to write that as an alternative to what the govt can do? in that case ya u have a pointDevaluation in which the government devalues its currency to make exports cheaper and imports more expensive..u just had to mention that..but they wudnt cut marks if you adequately described the other two policies.
Current account question was of 4 marks..im pretty sure they can give you 3 for that answer
Hi dear students, a bit to add there was, a little description of economic systems as well. The main question you explained was good but you would get full marks only if you take into account each and every terminology used in the question. I mean to say a little description of economic systems followed by a detailed explanation of four functions of money with its good characteristics. Any how you explained it well. Nice but you may have to lose 1 or 2 marks to overlook economic systems. Best of luck to all. You may post your doubts regarding P3 and P4 at [email protected] to Qamar Baloch to get your problems solved to the maximum level InshaAllah.In question 2a u had to mention the characteristics of money and then you will mention how many can fulfill its functions in all three economic systems..like it serves as medium of exchange because its recognizable and generally acceptable, it can serve as a unit of account etc etc
i wrote contractionary sooo i think its the same thing i think
What you wrote for the "pros" of those policies? since it was a discussion
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the question was about international trade! wasn't it? and could we write the effect on the economy?
I explained each of the economic systems!..so i can expect full marks?Hi dear students, a bit to add there was, a little description of economic systems as well. The main question you explained was good but you would get full marks only if you take into account each and every terminology used in the question. I mean to say a little description of economic systems followed by a detailed explanation of four functions of money with its good characteristics. Any how you explained it well. Nice but you may have to lose 1 or 2 marks to overlook economic systems. Best of luck to all. You may post your doubts regarding P3 and P4 at [email protected] to Qamar Baloch to get your problems solved to the maximum level InshaAllah.
in 4a was it about the managed or fixed system ?yes i wrote the similar! normal goods and inferior goods! i explained the ones selling the normal goods wouldnt benefit due to falling incomes and increasing unemployment meanwhile those selling more inferior goods would benefit
you can say both. How u awnsered 4b?in 4a was it about the managed or fixed system ?
question was : discuss why a government might choose to run a private good like train travel.i wrote the same, what about b?
Dear main focus must be on functions of money including medium of exchange, standard of deferred payment, measure of value and store of value with its good characteristics including acceptability, durability, divisibility, scarcity, homogeneity, and portability etc. But you were to at least mention which economic systems can be at least in two three lines. Then comparing the usefulness of money and problems of barter system.I explained each of the economic systems!..so i can expect full marks?
i wrote china had comparative advantage in many goods and services and relative inflation rate was less in china compared to other countries.is this correct?Eh? devaluation is expenditure switching not reducing/dampening..or you meant to write that as an alternative to what the govt can do? in that case ya u have a point
Ya what about the question on why China has a better current acc balance than India..I awnsered china has a cheaper currency and employs protectionism policies
sir plz tell what we had to write in PPC question?i wrote that over time factors of production and technology change that could cause both inward or outward shift depending on the direction of change.i also wrote in future there could be wars or natural disasters,labor force could change due to population changes,technology improves over time and a country can discover new natural resources such as coal reserves in pakistan.plz commentDear main focus must be on functions of money including medium of exchange, standard of deferred payment, measure of value and store of value with its good characteristics including acceptability, durability, divisibility, scarcity, homogeneity, and portability etc. But you were to at least mention which economic systems can be at least in two three lines. Then comparing the usefulness of money and problems of barter system.
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