Qualification > Commerce
Econ Paper 1 doubts!
hmh:
--- Quote from: aquarian93 on June 10, 2009, 09:42:17 am ---i dont understand sum questions in
may 2007 paper 1
questions 6, 14, 32, 33, 35, 36.
the answers are respectively, D, A, B, B, A, D according to the mark scheme.
cn anyone explain them to me? :(
thank youuu
--- End quote ---
Question 6... its D because.. if theres recession means incomes wud be less.. so surely trade unions cant demand for higher wages. then.. more competition in market means more avaliablity of supply.. so tht wouldnt help them to influence their demands.. then few demand for products mean less sales revenue.. so cant pay high wages? so only left is D.
Question 14.. as the price rise for private.. the demand falls as a result so shift to left first of all. now chances are A or D... ok as a result of fall in demand.. they supply will decrease too.. to bring bak to equib. so its A.
Question 33 its B because if u look at others.. u will find tht their life expentancy is quite high.. which is a country tht is developed... then B also has high birth rates.. this tells us tht its standards of living are not so high and its developing country.
Question 35 .. its simply A.. because EU and G8 countries are developed and they lent money to African countries.. and now they decide to cancle the take-back of money.. so they are in other words transfering.
Question 36 .. reduction of quota means now less can be imported.. high quota = 35,000 goods... low quota = 10,000 goods.. so less imports mean less deficit.. cant be A.., ok the gud cant be cheaper as its not tariff thts being removed.. cant be B.. ok the goverment revenue wont decline as if less imported.. means more locally purchased so more VAT so more tax revenue for gov. yes gov revenue will decline but of the country tht the good/service is imported from.
:)
hmh:
--- Quote from: ni on June 10, 2009, 10:41:26 am ---I heard there is no Core Economics paper this year though...
is that not true?
--- End quote ---
Yes they removed core/extended now.. its ok paper 1 now both for core/extended.. Time : 45 mins, questions : 30.
sweet777:
i have a doubt....what exactly is the difference between private company, public company, public corporation, and joint stock company?? ???
hmh:
--- Quote from: sweet777 on June 10, 2009, 12:58:43 pm ---i have a doubt....what exactly is the difference between private company, public company, public corporation, and joint stock company?? ???
--- End quote ---
Private company = Private sector (plc)
Public company = Private sector (plc) only in economics. not in business studies.
Public corporation= public sector A corporation created to perform a governmental function or to operate under government control, such as a municipal water company or hospital.
Joint stock company= private sector A joint stock company (JSC) is a type of business entity: it is a type of corporation or partnership
sweet777:
thx so much :D....i wz rili confused! thx thx thx!!
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