ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[elemis]

High taxes on cars will RAISE the PRIVATE COSTS of car owners. HOWEVER, if the costs of drviing a car RISE wouldnt you consider riding a bus instead  ? It would be cheaper.

Thus, more people may choose to ride a bus or use their car less of the time. Hence, car pollution will fall and external benefits will RISE.

That is, you and me will benefit from the reduced car pollution.


This is from before and applies now to this question.

[elemis]

A country has different rates of income tax depending on the level of income earned.
The highest rate of income tax is cut from 40 % to 38 %.

From this statement it can be deduced that taxation will become
A less indirect.
B less progressive.
C less regressive.
D more difficult to evade.

Income tax is ALWAYS progressive in nature. By reducing the percentage of income tax a lower amount of the HIGHER INCOME group's income will be taken away as tax.

Using this A, C and D are wrong. Leaving only B

[elemis]

aangel this will be the last question I answer - I have to go to sleep now 

Give me a few miutes.

[elemis]

Okay, the gov. set a price at a point such that PRICES would rise as a result of this new MAX PRICE.

Now if prices ROSE the new MAX PRICE set by the gov must be ABOVE the current market price.

SO demand and supply will change as shown.

The blue lines show how demand shifted outwards and suply shifted inwards in order to conform to the PRICE RISE that was seen.

[Freaked12]

Any more questions.

?
Anyone

[~$VJ DJ$~]

but why isn't it increased government revenue??? they get money right???
i feel like crying

The government doesn't count as an external benefit. It would be a private benefit for the government. But I do get what you inferrred; increase in govt revenue could cause the government to spend more on public and merit goods, thereby increasing external benefits. But, that's too indirect and there's a better option available

External Costs are costs made due to POLLUTION.

Hope you see this before you leave to school lol

[J.Darren]

Back from Econ P1, A* defo

[~$VJ DJ$~]

Back from Econ P1, A* defo

Same

[elemis]

Please carry out all discussions in the 2010 May/June Exam Discussion thread.


https://studentforums.biz/index.php/topic,7273.0.html

[AshWINNER]

  I have a question. 2 measure living standards sometimes Real GDP is used.
There was an MCQ in sum paper i dunno which. The answer was that amount of working hours is not included in Real Gdp and that reduces its effectiveness. How is working hours related to living standards? I mean you can have a nice living standards at your workplace too cant you? Another option was that it omits cost of living. I chose that BECAUSE Real GDP measures changes in the cost of living but not the cost of living itself.
Whats the logic?

[elemis]

Your mother carries out domestic work cleaning the dishes and probably cooking food.

She effectively spent time on all of this output which is worth something. The major disadvantage of Real GDP as a measure of living standards is that it fails to include the working hours of a select group of individuals:

domestics servants and those in the informal economy.

GDP omits the cost of living.

 REAL GDP takes into account changes in prices of commodities as compared to a base year.

[J.Darren]

Your mother carries out domestic work cleaning the dishes and probably cooking food.

She effectively spent time on all of this output which is worth something. The major disadvantage of Real GDP as a measure of living standards is that it fails to include the working hours of a select group of individuals:

domestics servants and those in the informal economy.

GDP omits the cost of living.

 REAL GDP takes into account changes in prices of commodities as compared to a base year.

GDP does not account for invisible activity (e.g. DIY, black market) - in this case household chores, while there is output (e.g. meals), it is not included in the calculation of GDP as a whole ...

Real GDP basically adjusts for inflation, thus indicating whether real growth has took place.

[omar123]

 

[The Golden Girl =D]

keep up the gd work mate   

[mayank06090]

I am sitting in october november for eco .... can any1 plz upload some of the standard answers of past 3-4 years ... which can get be 75+/80 in paper 2