ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[Sweet_03]

Hello ,

Can Someone plz explain the types of unemployment

Structural: Unemployment that results from a mismatch between supply and demand for workers.
Frictional: A type of unemployment explained by people being temporarily between jobs, searching for new ones.
Seasonal: In this case, like that of cyclical unemployment, the number of job-seekers exceeds the number of vacancies.
Cyclical: This refers to unemployment that rises during economic downturns and falls when the economy improves.

Ahhhha ..
Thaaaaaaaaaaaank You Soooo Much
+rep

[hdbkiwi]

Hmh-please do you know??

[hmh]

Hmh-please do you know??

yea i do know but m not near my resources atm.. so cant really answer properly atm.. i will as soon as possible until then u can move on

[hdbkiwi]

I am I'm on 07 papers now-thanks whenever you can that would be aweeeesome tyvm

[anusha500]

is this paper only 30 questions?

[hmh]

is this paper only 30 questions?

Yea CIE changed format.. nw its 30 questions and 45 mins

[bball92]

omg i hav the same question!
and i think ders smthng rong wid da mark scheme of may 04 in this website? its weird :S

it IS weird i was just doing this paper. some answers were like WAT?? especially the one about the substitute and the limited seats one

the supply is fixed so its vertical-demand is relatively inelastic-lol I got it wrong because i put supply infinite because I did it too fast^^

I have another question-whats a 'basis of taxation' or a 'tax base'? and what are commission payments?
and what is 'current income balance' and 'current transfer balance' well maybe what's the difference might be better-I know its related to BOP but...yeah help would be appreciated thanks

anyone know any of these?? pleease haha

er ill take ahot at some of it.

No idea what a tax base is, i suggest you google it sorry

Commission payments are (if theyre the ones we do in business) a method of rewarding employees in addition to their salary, the employee gets a certain fixed % from every sale they conduct, its one of the many ways to reward employees who can also be rewarded by e.g. pay by performance, fringe benefits, promotion etc.

Current income balance is as you may have guessed the balance on incomes. It comes after the balance of services in the structure of the current account and is a balance of inflows (wages paid to citizens working abroad, + interests and dividends earned by citizens on abroad investments) and outflows (wages paid to workers temporarily working in the country, + profits/dividends/interest to overseas firms investing in UK.

Current Transfers Balance comes after current income balance in structure and is a balance of inflows e.g. subsidies received from European Union, and outflows such as taxes and excise duties paid to the EU.

note: inflows are also called credits and outflows are also called debits

hope that helped =)

[hmh]

Hmh-please do you know??

Basis of taxation:

The government needs money to pay for public expenditure. Revenue can be raised thru taxation, national insurance contributions, borrowing, charging for serices or by selling off state-owned assets.

Taxation:
- To raise money to pay for government spending.
- To discourage people from buying harmful goods such as cigarettes.
- To influence the level of total demand in the economy.

Principles of taxation:

- A tax should be certain so that everyone knows the amount, method and time of tax payment.
- A tax should be convenient so that tax collection is at a time and in a form suitable to the payer.
- A tax should be economical with the cost of collection representing only a small part of the revenue raised.
- A tax should be equitable (fair) so wealth pay more than poor.
- A tax should not act as a disincentive and stop people from working.

Main types of taxes: Income tax, VAT ( Value Added Tax) this tax is on spending, Duties (on luxury goods), Council tax, Corporation tax (tax on property).

phew...thts everything about taxation!

Hope it helps

[hdbkiwi]

Thank you so so so so so so so so much
+rep whenever I see your name mate ^^ 

[hmh]

Thank you so so so so so so so so much
+rep whenever I see your name mate ^^ 

lol..tht isnt fair on others i guess . Thanks m8

[anuj_j1993]

Help me please

Whats the answer for Q.36  of paper 3 may/june 2007?

I have the mark scheme but i have a doubt. I think it should be A

Please reply

[hmh]

Help me please

Whats the answer for Q.36  of paper 3 may/june 2007?

I have the mark scheme but i have a doubt. I think it should be A

Please reply

Reduction of quota means high quota = 23,000 goods allowed, low quota = 10,000 goods allowed.. so now less can be imported. Thats the answer... and why not others.. tax is abt tariff not quota so cant be tht.., as theres no tax mentioned so means no gov. revenue wil decline.. the balance of trade will be better as less imported now.

[ni]

How much do you guys usually get on multichoice? Out of 40? 

[aquarian93]

my doubts from may 2003

no 9,14, 25, and 23.

thank you sooo much!

and guys, wts the difference between external and internal economies to scale?
and if employment falls, the tax revenue of the govt falls rite. bt does their expenditure fall as well? i mean wont they increase it to increase aggregate demand and improve the economy?
and wt is diversification in growth of firms?

[K_M]

Internal economies of scale is when average costs of the firm falls as the firm grows in size (optimum size). eg Puchasing economies, financial economies etc
External economies of scale is a situation in which growth in an industry causes average total cost for the individual firm to fall as a result of some factor external to the firm. It corresponds to a downward-sloping long-run industry supply curve.
If employment falls, govt revenue falls as they receive less from taxation and their expenditure rises as they have to pay unemployment benefits.
Diversification is when the firm sells other products apart from its main selling product. eg if a company was set up to sell bottled water, they also sell juices, milk etc

Hope that helped! All the best! =)