Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
$H00t!N& $t@r:
--- Quote from: J.Darren on June 02, 2010, 03:00:28 pm ---For the maximum price to be effective, it must be set below the equilibrium price levels.
A The maximum prices increased demand whilst reducing supply.
Demand curve shifts to the right whilst the supply curve shifts to the left, the equilibrium price would increase.
B The maximum prices reduced demand whilst increasing supply.
Demand curve shifts to the left whilst the supply curve shifts to the right, the equilibrium price would decrease.
C The maximum prices were set above the equilibrium price levels.
Product will be traded at the equilibrium price level.
D The maximum prices were set at the equilibrium price levels.
No infulence on the equilibrium price levels.
--- End quote ---
Thanks i think i get what you mean
BlackBunny103:
Hey guys, can you please help me with this ;)?
Describe the government as a producer of goods & services
Describe the government as an employer
Thanxx :D
destructor:
--- Quote from: J.Darren on June 02, 2010, 08:37:58 pm ---I disagree, I think it would be necessary for a candidate to differentiate between the two. GDP - output whereas NNI applies a drastically different methology in ... calculating.
--- End quote ---
Darren..
Economics by Moynihan and Titley for O-Levels and IGCSE
Pg 364
"Gross domestic product per capita, or average income per person, is the most commonly used comparative measure of development".
Truthfully even I would disagree but my Eco HOD says that national output is equated to the national income hence GDP can also be defined as the total income earned by the country..Hence GDP/capita is average income earned by a person
J.Darren:
--- Quote from: BlackBunny103 on June 03, 2010, 02:19:53 am ---Hey guys, can you please help me with this ;)?
Describe the government as a producer of goods & services
Describe the government as an employer
Thanxx :D
--- End quote ---
- Nationalisation of industries such as defence, electricity that must not be exploited by private producers by means of price manipulation.
- Provider of public goods (non-excludable, non-rival - street lights, radio - firms will be unable to charge users for consumption of those goods), merit goods (citizens would not be able to perceive the benefits of those goods - education, medical care) - private firms lacks incentive in providing those goods as they are not profitable.
- Expansionary fiscal policy involves an increase in government expenditure, this can mean that the government will sponsor the building of infrastructures etc as a means of reducing unemployment and stimulating economic growth.
- The pay of similar jobs in public sector tends to be lower than that of private sector, this can be explained by better pension rights and greater job security.
BlackBunny103:
Thanxx a lot Darren, +rep :D
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