ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[hmh]

i need help with this question
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone!

maybe i can help dont knw ..
Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right

Good answer there . Lemme try

Allowing free trade will help local and international businesses to trade widout restrictions and therefore it might increase the demand for local producers' goods and services which therefore will help increase GDP and thus an increase in economic growth. however, the imports might be cheaper as compared to local so this could create several problems for local businesses as there might  not be sales revenue and no profits. Introduction of tariffs here will help as it will make the imports expensive and thus reducing demand for imported items as well as increasing demand for local items thus puting back the sales revenues and profits up. As the consequence of this, incomes of employees will increase as more employment is created and thus an increase in standards of living and economic growth.

Hope it helps.

[al noor]

i need help with this question
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone!

maybe i can help dont knw ..
Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right

Good answer there . Lemme try

Allowing free trade will help local and international businesses to trade widout restrictions and therefore it might increase the demand for local producers' goods and services which therefore will help increase GDP and thus an increase in economic growth. however, the imports might be cheaper as compared to local so this could create several problems for local businesses as there might  not be sales revenue and no profits. Introduction of tariffs here will help as it will make the imports expensive and thus reducing demand for imported items as well as increasing demand for local items thus puting back the sales revenues and profits up. As the consequence of this, incomes of employees will increase as more employment is created and thus an increase in standards of living and economic growth.

Hope it helps.

Nicee answer

[hmh]

lol.. thanks. the answer doesnt matter as long as its correct info. which both of them have

[al noor]

lol.. thanks. the answer doesnt matter as long as its correct info. which both of them have

yeah it is similar to mine but u expanded it more thats it

[Freaked12]

WHY THE HELL YOU PEOPLE FORGET THE MAIN POINT.BY IMPOSING TARIFFS ON THE IMPORTS,THE GOVERNMENT WILL RECIEVE MORE MONEY WHEN THE IMPORTS PASS THROUGH THE CUSTOM OFFICIALS,THEREBY INCREASING THE MONEY FOR PUBLIC EXPENDITURE.

[hmh]

WHY THE HELL YOU PEOPLE FORGET THE MAIN POINT.BY IMPOSING TARIFFS ON THE IMPORTS,THE GOVERNMENT WILL RECIEVE MORE MONEY WHEN THE IMPORTS PASS THROUGH THE CUSTOM OFFICIALS,THEREBY INCREASING THE MONEY FOR PUBLIC EXPENDITURE.

yea thts correct.. he said discuss.. so we gota go in more depth i guess.. got discuss/argue 2points.

[al noor]

WHY THE HELL YOU PEOPLE FORGET THE MAIN POINT.BY IMPOSING TARIFFS ON THE IMPORTS,THE GOVERNMENT WILL RECIEVE MORE MONEY WHEN THE IMPORTS PASS THROUGH THE CUSTOM OFFICIALS,THEREBY INCREASING THE MONEY FOR PUBLIC EXPENDITURE.

yea thts correct.. he said discuss.. so we gota go in more depth i guess.. got discuss/argue 2points.

Oo oki ..By the way thnkz 4 ur answer

[Freaked12]

hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

[Freaked12]

and also what role the trade union plays in an economy

[hmh]

hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

As conuntries develop.. they become more advanced in captial and infrastructure.. and more of the working population works in tertiary sector. These people are educated and thus provide a gud litracy rate of economy as well as more advances in the techonology. Now, these economy deindustrialises.. means less of secondary and primary sector because these people have more incomes to spend on luxury goods and services so the demand and supply for tertiary sector increases. This increase the exports/imports of the economy providing with more surplus for the gov. which can be then invested in economy for ever more advances.

Trade unions as in economy...  well, they negotiate for the whole economy on the issues such as least wage rate.. also protect consumers laws such as banning faulty guds/servies. Also, they negotiate for the betterment of the whole economy by protesting against wrong laws by government as they view it.

Hope it helps

[Freaked12]

hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

As conuntries develop.. they become more advanced in captial and infrastructure.. and more of the working population works in tertiary sector. These people are educated and thus provide a gud litracy rate of economy as well as more advances in the techonology. Now, these economy deindustrialises.. means less of secondary and primary sector because these people have more incomes to spend on luxury goods and services so the demand and supply for tertiary sector increases. This increase the exports/imports of the economy providing with more surplus for the gov. which can be then invested in economy for ever more advances.i agree with your literacy rate point but exports of agriculture can also bring mone to the government for which it can invest in other sectors...??

Trade unions as in economy...  well, they negotiate for the whole economy on the issues such as least wage rate.. also protect consumers laws such as banning faulty guds/servies. Also, they negotiate for the betterment of the whole economy by protesting against wrong laws by government as they view it.

Hope it helps

[al noor]

hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

As conuntries develop.. they become more advanced in captial and infrastructure.. and more of the working population works in tertiary sector. These people are educated and thus provide a gud litracy rate of economy as well as more advances in the techonology. Now, these economy deindustrialises.. means less of secondary and primary sector because these people have more incomes to spend on luxury goods and services so the demand and supply for tertiary sector increases. This increase the exports/imports of the economy providing with more surplus for the gov. which can be then invested in economy for ever more advances.

Trade unions as in economy...  well, they negotiate for the whole economy on the issues such as least wage rate.. also protect consumers laws such as banning faulty guds/servies. Also, they negotiate for the betterment of the whole economy by protesting against wrong laws by government as they view it.

Hope it helps

It really helped me thnkz alot

[hmh]

hey HMH,al noor co i have a question

As countries develop they often rely less on exports of agricultural products and more on the exports from other sectors. Discuss the possible benefits of this.

Please answer

As conuntries develop.. they become more advanced in captial and infrastructure.. and more of the working population works in tertiary sector. These people are educated and thus provide a gud litracy rate of economy as well as more advances in the techonology. Now, these economy deindustrialises.. means less of secondary and primary sector because these people have more incomes to spend on luxury goods and services so the demand and supply for tertiary sector increases. This increase the exports/imports of the economy providing with more surplus for the gov. which can be then invested in economy for ever more advances.i agree with your literacy rate point but exports of agriculture can also bring mone to the government for which it can invest in other sectors...??

Trade unions as in economy...  well, they negotiate for the whole economy on the issues such as least wage rate.. also protect consumers laws such as banning faulty guds/servies. Also, they negotiate for the betterment of the whole economy by protesting against wrong laws by government as they view it.

Hope it helps

yea, true it can bring... but as i said people are more advanced and so like to spend more on luxury products.. which deindustrialises... means less of primary and secondary sector.. thus it goes to tertiary sector .. and wen the economy is improved/specialised in tht.. i dnt think its still going to bother wid agriculture anymore?

Hope it helps

[hmh]

What the Examiners are looking for??
4 types of skills they test.
1. Knowledge with understanding.
2. Application
3.Analysis
4. Evaluation

Knowledge with understanding:
The key words to look for in paper... Describe, State, List, Outline, What is meant by...., Give..., Define...., Identify..., Name.

Application
Here the key words...Explain how this business...., Why might company x...., Give an example from case study to..., Why might company z...., From the cast study outline...

Analysis
Analyse two factors...., Explain why..., Using accounting ratios, analyse...., Examine why the business....

Evaluation
Discuss.., Justify..., Consider..., Decide..., Which..., Evaluate..., Why do you think...., To what extent..., Do you agree.., Advise...., Assess..., Recommend....

How to improve your grade?
-Use your text book to guide you throught topics.
-Learning and recalling the work is necessary. If you recall you succeed and if you cannot, you will fail.
-Make sure you can explain your answers in detail and do not make simple statements unless a question asks you for a simple statement.
-Use past papers to reinforce revision.
- MOST IMPORTANTLY..... Keep It Simple and Structured, And Subject Specific!!

HOPE THAT HELPS EVERYONE! AND GUDDD LUUUCKKK!!

[beanii]

i need help with this question
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone!

maybe i can help dont knw ..
Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right

Good answer there . Lemme try

Allowing free trade will help local and international businesses to trade widout restrictions and therefore it might increase the demand for local producers' goods and services which therefore will help increase GDP and thus an increase in economic growth. however, the imports might be cheaper as compared to local so this could create several problems for local businesses as there might  not be sales revenue and no profits. Introduction of tariffs here will help as it will make the imports expensive and thus reducing demand for imported items as well as increasing demand for local items thus puting back the sales revenues and profits up. As the consequence of this, incomes of employees will increase as more employment is created and thus an increase in standards of living and economic growth.

Hope it helps.

thanks!!!yea...defnitely did help!:)
+ rep for u