Qualification > Commerce
EcCONOMICS P1 DOUBTS!
Tohru Kyo Sohma:
Since i was planning to re-sit my economics exam i tried out my own exam paper june 2011 P12 and luckily got 22/30.
but i had a few doubts in this paper
Qns.1-why is the answer B?
Qns.7-why is it C and not B?
Qns.18-why C and why not A?
Qns.29-why C and why not B?
Dasith:
--- Quote from: Tohru Kyo Sohma on August 14, 2011, 02:49:30 pm ---Since i was planning to re-sit my economics exam i tried out my own exam paper june 2011 P12 and luckily got 22/30.
but i had a few doubts in this paper
Qns.1-why is the answer B?
Qns.7-why is it C and not B?
Qns.18-why C and why not A?
Qns.29-why C and why not B?
--- End quote ---
where can we find da question papers ?
Arthur Bon Zavi:
--- Quote from: Dasith on August 14, 2011, 03:09:38 pm ---where can we find da question papers ?
--- End quote ---
Here.
Dasith:
--- Quote from: Tohru Kyo Sohma on August 14, 2011, 02:49:30 pm ---Since i was planning to re-sit my economics exam i tried out my own exam paper june 2011 P12 and luckily got 22/30.
but i had a few doubts in this paper
Qns.1-why is the answer B?
Qns.7-why is it C and not B?
Qns.18-why C and why not A?
Qns.29-why C and why not B?
--- End quote ---
1 . This definition on the link gives u an idea why it is so check http://www.businessdictionary.com/definition/capital.html
check the economis one .
7.In a unitery price elastic @ any point da Expenditure is da same.(always )
18.
If its A:
x specialises in food ( it would hav to give up 1 cloth to produce 3 food)
y specialises in cloth ( it would hav to give up 1 food to produce 0.5 cloth)
so if they trade @ prices 1 cloth for 1.5 food country "y" would find it disadvantageous
since because they would hav produced locally 2 food if they gave up 1 cloth , but wat they get is 1.5 for 1 cloth
but if u take option C:
country Y specialises in :cloth (giving up 1 food for 1 cloth)
country X in :food (giving up 2 food for 1 cloth)
country y has an advantage because :they get 1.5 units of food if they trade , local production would hav got them only 1 for 1
country x has an advantage because :they get 1 unit of cloth by only giving up 1.5 units of food , but local production would hav meant that they hav to give up 2 foods for 1 cloth
Tohru Kyo Sohma:
--- Quote from: Dasith on August 14, 2011, 03:45:23 pm ---1 . This definition on the link gives u an idea why it is so check http://www.businessdictionary.com/definition/capital.html
check the economis one .
7.In a unitery price elastic @ any point da Expenditure is da same.(always )
18.
If its A:
x specialises in food ( it would hav to give up 1 cloth to produce 3 food)
y specialises in cloth ( it would hav to give up 1 food to produce 0.5 cloth)
so if they trade @ prices 1 cloth for 1.5 food country "y" would find it disadvantageous
since because they would hav produced locally 2 food if they gave up 1 cloth , but wat they get is 1.5 for 1 cloth
but if u take option C:
country Y specialises in :cloth (giving up 1 food for 1 cloth)
country X in :food (giving up 2 food for 1 cloth)
country y has an advantage because :they get 1.5 units of food if they trade , local production would hav got them only 1 for 1
country x has an advantage because :they get 1 unit of cloth by only giving up 1.5 units of food , but local production would hav meant that they hav to give up 2 foods for 1 cloth
--- End quote ---
thank u
i get it now
;D
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version