Qualification > Commerce
Economics Paper 2 Discussion HERE!
aquarian93:
--- Quote from: hdbkiwi on June 09, 2009, 12:36:42 pm ---
--- Quote from: aquarian93 on June 09, 2009, 12:27:24 pm ---i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting :)
and abt the private benefit i sed health as well!! :) high five! makes sense haha
--- End quote ---
Niiice-great minds think alike :P have some rep mate :D
--- End quote ---
lol, yup they do :)
+rep to u too :) haha
hdbkiwi:
--- Quote from: aquarian93 on June 09, 2009, 12:39:02 pm ---
--- Quote from: hdbkiwi on June 09, 2009, 12:36:42 pm ---
--- Quote from: aquarian93 on June 09, 2009, 12:27:24 pm ---i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting :)
and abt the private benefit i sed health as well!! :) high five! makes sense haha
--- End quote ---
Niiice-great minds think alike :P have some rep mate :D
--- End quote ---
lol, yup they do :)
+rep to u too :) haha
--- End quote ---
Thanks mate :)
Al noor I talked about the consumers, and producers and investors and what effects inflation would have on their spending, saving, borrowing. Also mentioned people on fixed incomes and others with wages adjusted to inflation, etc.
al noor:
--- Quote from: hdbkiwi on June 09, 2009, 12:41:09 pm ---
--- Quote from: aquarian93 on June 09, 2009, 12:39:02 pm ---
--- Quote from: hdbkiwi on June 09, 2009, 12:36:42 pm ---
--- Quote from: aquarian93 on June 09, 2009, 12:27:24 pm ---i did 2,3, 5
i dunno wt to say abt easy or hard, i did my best, dunno wt to say cuz economics is like dat, u don noe wt dey're expecting :)
and abt the private benefit i sed health as well!! :) high five! makes sense haha
--- End quote ---
Niiice-great minds think alike :P have some rep mate :D
--- End quote ---
lol, yup they do :)
+rep to u too :) haha
--- End quote ---
Thanks mate :)
Al noor I talked about the consumers, and producers and investors and what effects inflation would have on their spending, saving, borrowing. Also mentioned people on fixed incomes and others with wages adjusted to inflation, etc.
--- End quote ---
oo okii i wrote similar to that...but what will happen to the consumers spending,saving,borrowing ..can u plz tell me soo i can see if my answer is correct??
Freaked12:
--- Quote from: al noor on June 09, 2009, 12:38:13 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:28:46 pm ---
--- Quote from: al noor on June 09, 2009, 12:26:28 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:24:26 pm ---What did you write
--- End quote ---
What did i write wat??
--- End quote ---
social cost and benefit..there was only 1 stupid thingy in the exam and this was it
--- End quote ---
I wrote the definitions and gave example ;)..
what did u write for the 10marks question abt the saving,spending and borrowing??
--- End quote ---
ohh that!like if inflation goes up than spending decreases as products become more expensive and the purchasing power diminishes and also consumers become less certain about the future.I wrote its opposite effect as well that if inflation goes down spending would increase cuz..........for saving i wrote if inflation goes up than saving increases as firstly consumers will want to save money till the prices decrease and also normally a high inflation brings with high intrest rates so now they find it more profitable to save so saving increases.
al noor:
--- Quote from: Freaked12 on June 09, 2009, 12:45:54 pm ---
--- Quote from: al noor on June 09, 2009, 12:38:13 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:28:46 pm ---
--- Quote from: al noor on June 09, 2009, 12:26:28 pm ---
--- Quote from: Freaked12 on June 09, 2009, 12:24:26 pm ---What did you write
--- End quote ---
What did i write wat??
--- End quote ---
social cost and benefit..there was only 1 stupid thingy in the exam and this was it
--- End quote ---
I wrote the definitions and gave example ;)..
what did u write for the 10marks question abt the saving,spending and borrowing??
--- End quote ---
ohh that!like if inflation goes up than spending decreases as products become more expensive and the purchasing power diminishes and also consumers become less certain about the future.I wrote its opposite effect as well that if inflation goes down spending would increase cuz..........for saving i wrote if inflation goes up than saving increases as firstly consumers will want to save money till the prices decrease and also normally a high inflation brings with high intrest rates so now they find it more profitable to save so saving increases.
--- End quote ---
OMG i wrote the same answer :D....and what did u say abt borrowing??
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