Economics: Post your doubts here (O + A level)

[shefali]

so that means that the government spend to encourage the economy to spend their income and cut down on savings rite?

government spends to lower unemployment
they invest in education
help correct the economy by influencing private investment

http://thesource.hubpages.com/hub/Government-spending-and-taxes-during-recession

 

[kboss]

i have a doubt that's nt exactly related ...
umm....should we write the answers in bullet points (with explanation) or in the form of essays...especially for the questions with a lot of marks.
urgent replies appreciated.

 

[shefali]

i have a doubt that's nt exactly related ...
umm....should we write the answers in bullet points (with explanation) or in the form of essays...especially for the questions with a lot of marks.
urgent replies appreciated.

CIE believes its better to write in paragraphs because when you write in bullet point you miss out details so yeah

 

[kboss]

CIE believes its better to write in paragraphs because when you write in bullet point you miss out details so yeah

okay.
i wrote in bullet points for Paper 2. :/
still shouldn't be much of a problem because i've written a lot for each point.
its not exactly what i'd call a "list-like answer."

 

[shefali]

okay.
i wrote in bullet points for Paper 2. :/
still shouldn't be much of a problem because i've written a lot for each point.
its not exactly what i'd call a "list-like answer."

then thats fine...idk bt i read somewhere in examiners tips i think where they clearly said use an essay approach or something...if u've explained then it shouldnt be an issue

 

[Abeer Hatecrew]

How can i write better answers? I think my concept it pretty sober! But i **** up when i write answers ! Any suggestions on how to write better?

 

[shefali]

How can i write better answers? I think my concept it pretty sober! But i **** up when i write answers ! Any suggestions on how to write better?

make sure that your concepts connect...like keep questioning whatever you write then u'll get nice detailed answers
also use economic terms

 

[Abeer Hatecrew]

Thanks! But how do i do that

 

[shefali]

Thanks! But how do i do that

read an article on an economy or its status...should help...

 

[Abeer Hatecrew]

read an article on an economy or its status...should help...

Any examples? :/ i'm pretty nervous as i got a huge break and wasted it sleeping! I didn even solve a single paper

 

[shefali]

Any examples? :/ i'm pretty nervous as i got a huge break and wasted it sleeping! I didn even solve a single paper

search something on Google news...oh dw paper is 2 days away

 

[Abeer Hatecrew]

Lmao!Hows ur prep?

search something on Google news...oh dw paper is 2 days away

 

[acealevelpapers]

Hey just asking if you know where to search for H2 economics 9732/01 Cambridge examiners' report

 

[Qamar Baloch]

Hi dear abcde: You look a geneous student. Dear dont worry I will make it clear to you. Its reply for your Q.7 June 2006.
7-B Unitary elastic demand (=1), shows that change in price will leave total revenue unchanged. On this assumption we can find out price. Initially, price is $12 and quantity demanded is 4000. So, total revenue will be 4000 multiply by 12 = 48000.
So, we can find price when quantity demanded is 20000. As we know that total revenue will not change, therefore put the values in formula to get correct answer.




TR = P × Q
48000 = (20,000) P
20,000P = 48000
Price = $2.40

 

[Qamar Baloch]

You may send your requests to solve your issues regarding paper-3 and Paper-4 to Qamar Baloch at [email protected]. Or call at (+92)3217555550.

 

[Qamar Baloch]

Hi dear abcde: would you please let me know about the idea of average price and quantity? Whether it is proven by mathematicians or it is the result of a hit and trial method? What I know is, examiner wants to make it sure whether students know the idea of unitary elastic demand or not. In case of unitary elastic demand change in price does not affect total revenue.

At price $12, total revenue= $12*4000=$48000
Price * 20000=$48000 , thus Price = $2.40
You may mention your issues on [email protected] . I will try my level best to solve your issues.

 

[Igniz]

hey hi can u explain me O levels MCQS procedure

 

[imperial]

You may send your requests to solve your issues regarding paper-3 and Paper-4 to Qamar Baloch at [email protected]. Or call at (+92)3217555550.

thanks fo sharing your phone number and email, hope you reply fast

 

[machiyara]

Which is an example of market failure
A)A monopoly making abnormal profits
B)Price charged to cover social costs

 

[machiyara]

Which statement is true about factors of production
A)Capital includes factories and machinery but not roads and port
B)Land is a natural factor that can be improved by human action