ECONOMIC PAPER 6 Discussions..

[Jake]

Guyz...how was economics today??? paper 6??
 i found it pretty easy!!

[Freaked12]

yep really easy...
the bad part..the GRADING THRESHOLD

[Jake]

yea..i noe..!!
nwyz..could you tell me what you wrote for ...
'Why do you think the EU imposed a tariff?'

[Freaked12]

yea..i noe..!!
nwyz..could you tell me what you wrote for ...
'Why do you think the EU imposed a tariff?'

to protect employment in its member states as now consumers will find imports expensive and therefore will buy local products.2.By imposing tariff the EU will be gaining money for public expenditure.3.to make balance of payment positive and therefore stop foreign currency reserves from further decrease

[nid404]

AWESOME

[Freaked12]

AWESOME

what was ur answer to tariff

[nid404]

AWESOME

what was ur answer to tariff

well i explained
protecting domestic firms
Dumping
unfavourable Balance of trade payments
Infant industries
and adverse effects if these were not done----unemployment,low GDP,etc.

[Freaked12]

discuss what do u need to know to decide small farmers are in fact inefficient

[Freaked12]

i loved this paper i really do

[nid404]

discuss what do u need to know to decide small farmers are in fact inefficient

i wrote we need to know
-if it was cost-efficient
-how well it utilized government subsidy as compared to the larger operations now
-it's contribution in the past years to economic growth(the real and actual values)
-It's contribution to income from export
-Quality of output
-Price changes of the products or how the products affected inflation(real and actual terms)
-difference in % share of economy's growth,export, output,etc of smaller farmers and larger operations
-also the damages it might have cost(social costs) as in cutting down of trees for farming or slash and burn methods of the farmers reducing soil fertility,etc

[Freaked12]

discuss what do u need to know to decide small farmers are in fact inefficient

i wrote we need to know
-if it was cost-efficient
-how well it utilized government subsidy as compared to the larger operations now
-it's contribution in the past years to economic growth(the real and actual values)
-It's contribution to income from export
-Quality of output
-Price changes of the products or how the products affected inflation(real and actual terms)
-difference in % share of economy's growth,export, output,etc of smaller farmers and larger operations
-also the damages it might have cost(social costs) as in cutting down of trees for farming or slash and burn methods of the farmers reducing soil fertility,etc

i wrote
-what level of profits does the firm make
-what does the firm do to the profits made
-calculate average revenue,average costs,total costs and total revenue,output per labour and compare them to check efficiency
-do cost and benefit analysis
-what % of employment,% of output do the small firms occupy of the total economy

[al noor]

discuss what do u need to know to decide small farmers are in fact inefficient

i wrote we need to know
-if it was cost-efficient
-how well it utilized government subsidy as compared to the larger operations now
-it's contribution in the past years to economic growth(the real and actual values)
-It's contribution to income from export
-Quality of output
-Price changes of the products or how the products affected inflation(real and actual terms)
-difference in % share of economy's growth,export, output,etc of smaller farmers and larger operations
-also the damages it might have cost(social costs) as in cutting down of trees for farming or slash and burn methods of the farmers reducing soil fertility,etc

i wrote
-what level of profits does the firm make
-what does the firm do to the profits made
-calculate average revenue,average costs,total costs and total revenue,output per labour and compare them to check efficiency
-do cost and benefit analysis
-what % of employment,% of output do the small firms occupy of the total economy

I wrote similar to you Freaked12 

[Diablo]

My friends who took this exam today said that it was dead easy.

[al noor]

My friends who took this exam today said that it was dead easy.

yeah it was...but Inshallah paper 2 & paper 1 will be easy like this

[Freaked12]

This is soooooooooooooo bad.U Mr el.diablo,u seem to have to  given me a huge lot of bad stomach aches.
If it was that easy,than surely curve would be --------
lets jus pray we all get an A