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Author Topic: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!  (Read 89854 times)

Alpha

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #540 on: June 10, 2010, 03:33:08 pm »
Quote from: BlackBunny103 on June 10, 2010, 03:15:02 pm
Hey guys, can you please explain to me why the answer to this question is C? I put D.
Thanxx :D

Demand falling > shift downward sloping (from left to right) demand curve to the left.
Equilibrium switches to B.

Labour cost increased > Cost of prod. increased > Supply decrease > Shift upward sloping curve to the left.

Equilibrium moves to C.
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Freaked12

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #541 on: June 10, 2010, 03:35:44 pm »
Quote from: ~Alpha on June 10, 2010, 03:33:08 pm
Demand falling > shift downward sloping (from left to right) demand curve to the left.
Equilibrium switches to B.

Labour cost increased > Cost of prod. increased > Supply decrease > Shift upward sloping curve to the left.

Equilibrium moves to C.

O Ms Serious,i already helped her.  :P
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Alpha

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #542 on: June 10, 2010, 03:39:43 pm »
Quote from: Arsenal<3 on June 10, 2010, 03:35:44 pm
O Ms Serious,i already helped her.  :P

Oh... Sorry sorry.  ;D

You quoted your reply? Why?

I didn't notice. Too serious now... hehe
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Freaked12

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #543 on: June 10, 2010, 03:42:38 pm »
Quote from: ~Alpha on June 10, 2010, 03:39:43 pm
Oh... Sorry sorry.  ;D

You quoted your reply? Why?

I didn't notice. Too serious now... hehe

Did a mistake

and
No Problemo  8)
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #544 on: June 10, 2010, 03:44:43 pm »
Quote from: BlackBunny103 on June 10, 2010, 03:15:02 pm
Hey guys, can you please explain to me why the answer to this question is C? I put D.
Thanxx :D
The demand curve and supply curve both shifts to the right, we can rule out D as it is on the same demand curve, C is the only point of which it is on a curve that is to the right of the original supply curve.
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Do not go where the path may lead. Go instead where there is no path and leave a trail.

Alpha

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #545 on: June 10, 2010, 03:47:31 pm »
Quote from: Arsenal<3 on June 10, 2010, 03:42:38 pm
Did a mistake

and
No Problemo  8)

No problemo too then senor  8)

Quote from: J.Darren on June 10, 2010, 03:44:43 pm
The demand curve and supply curve both shifts to the right, we can rule out D as it is on the same demand curve, C is the only point of which it is on a curve that is to the right of the original supply curve.

Good to know I'm not the only one.  :D
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Offline J.Darren

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #546 on: June 10, 2010, 04:08:53 pm »
Quote from: ~Alpha on June 10, 2010, 03:47:31 pm
No problemo too then senor  8)

Good to know I'm not the only one.  :D
Wait ... The answer is not C ???
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Do not go where the path may lead. Go instead where there is no path and leave a trail.

Alpha

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #547 on: June 10, 2010, 04:10:16 pm »
Quote from: J.Darren on June 10, 2010, 04:08:53 pm
Wait ... The answer is not C ???

It is. Arsenal answered already.

I repeated after.
You repeated what I repeated.  ;)
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elemis

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #548 on: June 10, 2010, 04:23:30 pm »
D

Labour is the children

Water is the natural resource (land)
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elemis

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #549 on: June 10, 2010, 04:32:24 pm »
I've done all ;)
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Freaked12

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #550 on: June 10, 2010, 04:33:17 pm »
Quote from: aangel42 on June 10, 2010, 04:29:09 pm
oh i thought the water thing was obvious, so i picked C cuz i thought they wanted another natural resource example... i lose so many marks for stupid mistakes :(

anyway thanks!
(By the way, how many past papers have you done?)

try to minimize your mistakes to atleast 4 or 5
and you are set for a A star iA
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Offline BlackBunny103

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #551 on: June 10, 2010, 04:37:44 pm »
Quote from: Ari Ben Canaan on June 10, 2010, 04:32:24 pm
I've done all ;)

WOW Ben seriously? You've done all MCQ from 2002 up till now, including MJ & ON? OMG

Anyways, can anyone please explain to me what is meant by this "US dollars will be dearer in terms of UK pounds." I don't understand what does dearer in this case means. And for this question, I put B but the answer is D.
Thanxx
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Freaked12

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #552 on: June 10, 2010, 04:43:47 pm »
Quote from: BlackBunny103 on June 10, 2010, 04:37:44 pm
WOW Ben seriously? You've done all MCQ from 2002 up till now, including MJ & ON? OMG

Anyways, can anyone please explain to me what is meant by this "US dollars will be dearer in terms of UK pounds." I don't understand what does dearer in this case means. And for this question, I put B but the answer is D.
Thanxx


when it says it depreciates against the US dollar,it means US dollar is becoming expensive
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Freaked12

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #553 on: June 10, 2010, 04:44:51 pm »
Quote from: BlackBunny103 on June 10, 2010, 04:37:44 pm
WOW Ben seriously? You've done all MCQ from 2002 up till now, including MJ & ON? OMG

Anyways, can anyone please explain to me what is meant by this "US dollars will be dearer in terms of UK pounds." I don't understand what does dearer in this case means. And for this question, I put B but the answer is D.
Thanxx

B is impossible
How could Imports of UK be getting more expensive when its depreciating against US dollar
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elemis

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Re: ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
« Reply #554 on: June 10, 2010, 04:45:05 pm »
Quote from: BlackBunny103 on June 10, 2010, 04:37:44 pm
WOW Ben seriously? You've done all MCQ from 2002 up till now, including MJ & ON? OMG

Anyways, can anyone please explain to me what is meant by this "US dollars will be dearer in terms of UK pounds." I don't understand what does dearer in this case means. And for this question, I put B but the answer is D.
Thanxx

Dearer means more expensive.  As a currency depreciates imports become more EXPENSIVE and exports CHEAPER.  MEMORISE THIS !!!

Because of the above rule it cant be either A or B.

With a depreciation in currency An American needs to spend LESS to get 1 pound then compared to before.

He WOULD have had to spend $1.8 to get 1 pound. Now he needs to spend  $0.30 LESS.

A Britisher needs can only hope to purchase $1.50 compared to $1.80. A britisher needs to SPEND MORE to get the same value in American Currency than before.

Got it ?
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