patrickbatemaneconomics.blogspot.com
Economics: Thursday's homework:
http://patrickbatemaneconomics.blogspot.com/2011/10/thursdays-homework.html
Thursday, 20 October 2011. 1) Think about how we define abundance. Is body heat an abundant resource? Abundant means plenty. I is hard to describe a body heat in terms of quantity. We know, however, that the b.h. is fully renewable so we might describe it as abundandt. 2) Why are energy and oil prices so high? How does scarcity affect their price? 3) Could this source of heating be described as a market failure? If so, how could we illustrate this on a diagram? How could they decide whether it is cost-ef...
patrickbatemaneconomics.blogspot.com
Economics: Next Homework:
http://patrickbatemaneconomics.blogspot.com/2011/11/next-homework.html
Thursday, 3 November 2011. 1) Why may relative income tax rates between countries give only a partial picture. Of the international competitiveness of these countries? What else would need to. Be taken into account? 2) Does making taxes more steeply progressive necessarily act as a disincentive to. 3) What factors are likely to determine the relative size of the income and. Substitution effects of tax changes? Opposite things happen when the taxes are decreased. 7) What is the Laffer curve? The Laffer cu...
patrickbatemaneconomics.blogspot.com
Economics: Econimic question:
http://patrickbatemaneconomics.blogspot.com/2011/11/econimic-question.html
Thursday, 10 November 2011. Comment on the effectiveness of one policy which could be used by a government to reduce income equality:. Progressive tax is the most obvoius answer. It means that earners are divided into groups and the tax level is rising with the income. It means that richer give back higher proportion of their income to the state, and poorer give lower. Some say that this policy is fair, because it causes that richer actually supply poorer, and the income inequality is partialy leveled.
patrickbatemaneconomics.blogspot.com
Economics: New Homework:
http://patrickbatemaneconomics.blogspot.com/2011/11/new-homework.html
Wednesday, 2 November 2011. 1) What special ‘one-off’ factors help to explain why the underlying growth in. 2011Q2 may have been higher than 0.2%? Hopefully, there will be no natural catastrophy next year in any of Brotain's major trade partners (referring to Japan). Also, next summer is more likely to be "mild" rather than extremely hot. Finally, there is no royal wedding planned for next year. (unless Pippa marries Harry:). 2) Why is the output gap rising? How may supply-side changes affect the size of.
patrickbatemaneconomics.blogspot.com
Economics: Alcohol:
http://patrickbatemaneconomics.blogspot.com/2011/11/alcohol.html
Tuesday, 15 November 2011. Evaluate policies to reduce consumption of alcoholic drinks:. Alcohol is cool, especially for the young people. Teens feel that they need to drink in order to be popular and have friends. Changing this fashion could significantly decrease the consuption of alcohol, especially among kids. 7 May 2012 at 01:13. Hi, Nice post! Would you please consider adding a link to my website on your page. Please email me back. 16 April 2013 at 23:40. Subscribe to: Post Comments (Atom).
patrickbatemaneconomics.blogspot.com
Economics: October 2011
http://patrickbatemaneconomics.blogspot.com/2011_10_01_archive.html
Thursday, 20 October 2011. 1) Think about how we define abundance. Is body heat an abundant resource? Abundant means plenty. I is hard to describe a body heat in terms of quantity. We know, however, that the b.h. is fully renewable so we might describe it as abundandt. 2) Why are energy and oil prices so high? How does scarcity affect their price? 3) Could this source of heating be described as a market failure? If so, how could we illustrate this on a diagram? How could they decide whether it is cost-ef...
patrickbatemaneconomics.blogspot.com
Economics: September 2011
http://patrickbatemaneconomics.blogspot.com/2011_09_01_archive.html
Monday, 26 September 2011. Is the world reverting to a struggle between great powers? Or is the democratising spirit of 1989 still alive? Will we come back to the struggle between great powers or maybe the democratisation spirit of 1989 will keep spreading all around? 1) Explain why oil prices have been rising. Use a diagram to illustrate your answer:. Here are the oil prices (in USD $):. Distinguish between demand-side and supply-side effects in your answer. Experts claim that by the end of the year, th...
patrickbatemaneconomics.blogspot.com
Economics: Next Homework:
http://patrickbatemaneconomics.blogspot.com/2011/11/next-homework_04.html
Friday, 4 November 2011. 1) What are the arguments for a rise in Bank rate at the current time? The current Britain inflation rate is 3,3%. Current Bank rate is 0,5%. Such a difference makes further inflation increase possible and probable. The threat of higher inflation is high and, therefore, some say that increase in interest rate is inevitable. 2) What are the arguments against a rise in Bank rate at the current time? 3) What information would you require to decide which of the arguments was the.
patrickbatemaneconomics.blogspot.com
Economics: Wednesday homework:
http://patrickbatemaneconomics.blogspot.com/2011/10/wednesday-homework.html
Wednesday, 19 October 2011. 1) Outline the measures agreed at the eurozone heads of government summit on 21 July. Greece, Portugal and Ireland will have the interest rate on the money borrowed from the European Union cut to 3.5%. An agreement by private-sector creditors to accept a writedown on their Greek debt. 2) Explain what is meant by a ‘haircut’ in the context of debts. What types of haircut were agreed at the summit? 3) How big a reduction in Greece’s debt stock will result from the deal? How will...
