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Author Topic: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!  (Read 90098 times)

Offline $H00t!N& $t@r

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #345 on: June 02, 2010, 08:39:03 pm »
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.

Thanks i think i get what you mean
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Offline BlackBunny103

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #346 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
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Offline destructor

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #347 on: June 03, 2010, 06:43:40 am »
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.
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
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #348 on: June 03, 2010, 09:51:09 am »
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
- 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.
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Offline BlackBunny103

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #349 on: June 03, 2010, 11:04:35 am »
Thanxx a lot Darren, +rep :D
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Offline destructor

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #350 on: June 03, 2010, 11:30:48 am »
Not only this but most govts in LEDC's focus on the primary sector and secondary sectors of employment.
Agriculture and farming is the most important in LEDC's...Most farmers are employed by the govt in most countries.
Mining and also many other occupations are funded and run by the govt but with the change of age privatisation is occuring
Merit and Public goods yeah...discouragement of De-merit goods is also done by the govt..
Steel making also is a very important source of employment..Again steel authorities are publicly run in most countries
but also at the same time there are many private firms employing lots of ppl..
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #351 on: June 03, 2010, 02:34:19 pm »
Quote from: destructor on June 03, 2010, 11:30:48 am
Not only this but most govts in LEDC's focus on the primary sector and secondary sectors of employment.
Agriculture and farming is the most important in LEDC's...Most farmers are employed by the govt in most countries.
Mining and also many other occupations are funded and run by the govt but with the change of age privatisation is occuring
Merit and Public goods yeah...discouragement of De-merit goods is also done by the govt..
Steel making also is a very important source of employment..Again steel authorities are publicly run in most countries
but also at the same time there are many private firms employing lots of ppl..

Over dependence on agrictulture is one of the many reasons why LEDCs remain ... well, LEDCs.

Discouragement of consumption of de-merit goods can be achieved by excise duty. Whereas red-tape and tariff will reduce consumption of imported goods ...

Steel authorities are run by the government in the form of a public corporation in many countries in avoidance of monopoly and potential price manipulation ...
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Offline destructor

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #352 on: June 03, 2010, 05:59:30 pm »
Quote from: J.Darren on June 03, 2010, 02:34:19 pm
Over dependence on agrictulture is one of the many reasons why LEDCs remain ... well, LEDCs.

Discouragement of consumption of de-merit goods can be achieved by excise duty. Whereas red-tape and tariff will reduce consumption of imported goods ...

Steel authorities are run by the government in the form of a public corporation in many countries in avoidance of monopoly and potential price manipulation ...
Dude Darren the govts in LEDC are relatively poor compared to MEDC's , hence they cannot afford to spend too much time and money on tertiary sector jobs primarily because they have no idea how to run them...
The governments dont look for a profit motive and as a result...govt's dont run tertiary sector industries....
They do not believe in a profit motive and at the same time have a low budget
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Offline rhea

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #353 on: June 03, 2010, 06:40:58 pm »
Why might a government try to redistribute income?
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #354 on: June 03, 2010, 08:04:18 pm »
Quote from: destructor on June 03, 2010, 05:59:30 pm
Dude Darren the govts in LEDC are relatively poor compared to MEDC's , hence they cannot afford to spend too much time and money on tertiary sector jobs primarily because they have no idea how to run them...
The governments dont look for a profit motive and as a result...govt's dont run tertiary sector industries....
They do not believe in a profit motive and at the same time have a low budget
I am perfectly aware of this ... A lack of capital, infrastructure, education, skills and health care explains why LEDCs cannot undergo industralisation and become ... developed.
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #355 on: June 03, 2010, 08:04:34 pm »
Quote from: rhea on June 03, 2010, 06:40:58 pm
Why might a government try to redistribute income?
It is a philosophical question LOL. http://en.wikipedia.org/wiki/Distributive_justice#Distributive_justice_and_wealth
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Offline destructor

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #356 on: June 04, 2010, 06:35:26 am »
Quote from: rhea on June 03, 2010, 06:40:58 pm
Why might a government try to redistribute income?
Decrease poverty, Unemployment benefits, new ventures and start-ups in rural areas...
Basically transfer payments
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #357 on: June 04, 2010, 11:44:23 am »
Quote from: destructor on June 04, 2010, 06:35:26 am
Decrease poverty, Unemployment benefits, new ventures and start-ups in rural areas...
Basically transfer payments
I doubt RE: unemployment benefits, in order to stimulate economic growth, the government should reduce the dole (unemployment benefits) as in turn the opportunity cost of not working, i.e. the wage forgone, would appear to be a more tempting option ...
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Offline Choc.Kits

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #358 on: June 05, 2010, 10:21:13 am »
Hey guys.

If they ever ask for the Dependancy Ratio, which one do we use, cause there are two.

1. Total Population/Working Population

OR

2. Children + Elders/Working Population

Thank you.
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #359 on: June 05, 2010, 10:33:54 am »
Quote from: Choc.Kits on June 05, 2010, 10:21:13 am
Hey guys.

If they ever ask for the Dependancy Ratio, which one do we use, cause there are two.

1. Total Population/Working Population

OR

2. Children + Elders/Working Population

Thank you.
Total Population/Working Population
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