ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[~$VJ DJ$~]

Discuss the government's influence on private producers in terms of regulation, subsidies, and taxes.

I'm guessing you use the Eco book authored by Bryan Titley, and if you do check Chaper 15

[BlackBunny103]

Yeah it actually makes a huge difference on your grade! :S Oh I have Phy Paper 4 and French Paper 4...You?

Lol yes I hope we do well

Yea, hope so. Gosh, on Thursday, I have 4 (easy), Geo p2 (easy), but Coordinated Science where I have to cram in all 3 Science God damn it. I regret taking though, I should have chosen single award instead. Oh well, I'll try my best

[~$VJ DJ$~]

Yea, hope so. Gosh, on Thursday, I have 4 (easy), Geo p2 (easy), but Coordinated Science where I have to cram in all 3 Science God damn it. I regret taking though, I should have chosen single award instead. Oh well, I'll try my best

Ughh saddd...Good luck!

[aangel42]

Nov 09 Paper 3 Insert

Good luck!

thanks man i like owe you my life.

[~$VJ DJ$~]

thanks man i like owe you my life.

Lol

[J.Darren]

Discuss the government's influence on private producers in terms of regulation, subsidies, and taxes.

It has once appeared as a 10 marks question in 09 June Paper 2. In order to attain all 10 marks, you must first define tax, subsidy and regulation and give seven examples.

Tax : Charge imposed upon private producer.

- Excise duty levied upon production of de-merit goods.
- Corporation tax levied upon producers.
- Tariff imposed upon foreign producers.

Subsidy : Payments made by the government to the private producer.

- Subsidy for infant industries.
- Subsidy for SME.
- Subsidy for domestic exporters.

Regulation : Laws that private producers must follow.

- Red-tape imposed upon foreign producers.
- Pollution laws.
- Tougher worksite safety requirment.
- Stricter product quality inspection.
- Minimum amount of domestic workers employed.

[YNWA]

Hey, can anyone help me find the Insert for the Economics Paper 3 of Novemeber 09?
It's not on FEP :/

[~$VJ DJ$~]

Hey, can anyone help me find the Insert for the Economics Paper 3 of Novemeber 09?
It's not on FEP :/

I've already posted it as an attachment On this same topic, go to the 18th page, and you will be able to see an attachment called 'Nov 09 Insert' on the 4th post from the bottom.

Look through the whole topic before you ask, most of the time, the stuff is already there

[YNWA]

I've already posted it as an attachment On this same topic, go to the 18th page, and you will be able to see an attachment called 'Nov 09 Insert' on the 4th post from the bottom.

Look through the whole topic before you ask, most of the time, the stuff is already there

Sorry, will do. & thanks!

[Aayesha]

tomorrow is paper 3 for igcse any suggestions abt the topics most important?

[J.Darren]

How are specialization and the division of labor different from each other?

Division of labour means dividing a job into many specialist tasks.

Specialisation

Advantages :

- Increase in productivity
- Improvement in skills of the specialist task- Increase in wage

Disadvantages :

- Boredom as the worker is repeating the same process
- Does not feel the accomplishment of completing a product
- Inter-dependence on other workers

[J.Darren]

Explain what is meant by economic growth. (for 5 marks)
someone?

- Increase in gross domestic product per capita
- Increase in net income per capita
- Decrease in unemployment
- Increase in general price level
- Increase in volume of exports (X)
- Increase in level of investment (G)
- Increase in government expenditure (G)
- Increase in consumer spending (C)
- Decrease in volume of imports (M)
- Increase in resource depletion

GDP : C + I + G + X - M

[Kojoudeh95]

Can any1 help me.....By tellin me how to study for paper 3 economics tomorrow...i really want to do good...and which papers do u recomend me to solve??

[aangel42]

oh & also.... 2 questions:

1) how is an INCREASE/decrease in demand different from an EXTENSION/contraction of demand?
2) how is an INCREASE/decrease in supply different from an EXTENSION/contraction of supply?

if anyone could explain this clearly it would be muchhh appreciated.

[J.Darren]

can anyone CLEARLY differentiate between public and merit goods?

sorry for all the questions, just clearing up the minor basic fundamentals...

Merit good : Social benefit > Private benefit

Public good : Non-rival, non-excludable.