Questions from General Economics

Q: Compare and contrast the relative strengths and weaknesses of the partnership and

Compare and contrast the relative strengths and weaknesses of the partnership and the public limited company.

Q: Refer to the list of determinants of demand (see page 000

Refer to the list of determinants of demand (see page 000). For what reasons might the demand for sofas from a particular outlet, such as DFS, fall? Is the slow recovery from recession relevant here?...

Q: Using a demand and supply diagram, explain why carbon prices fell

Using a demand and supply diagram, explain why carbon prices fell at the beginning of the Emissions Trading Scheme (ETS), due to emissions allowances being too generous.

Q: What are the key macroeconomic objectives of government? Are there likely

What are the key macroeconomic objectives of government? Are there likely to be any conflicts between them?

Q: What effects will the following have on the equilibrium rate of interest

What effects will the following have on the equilibrium rate of interest? (You should consider which way the demand and/or supply curves of money shift.) (a) Banks find that they have a higher liquidi...

Q: Consider the most appropriate policy for tackling each of the different types

Consider the most appropriate policy for tackling each of the different types of unemployment.

Q: Under what circumstances will a reduction in unemployment by accompanied by

Under what circumstances will a reduction in unemployment by accompanied by (a) an increase in inflation; (b) a decrease in inflation? Explain your answer.

Q: Imagine that you had to determine whether a particular period of inflation

Imagine that you had to determine whether a particular period of inflation was demand pull, or cost push, or a combination of the two. What information would you require in order to conduct your analy...

Q: The table shows index numbers for real GDP (national output)

The table shows index numbers for real GDP (national output) for various countries (2010  100). Using the formula G = (GDPt – GDPt–1)/GDPtâ...

Q: In terms of the UK circular flow of income, are the

In terms of the UK circular flow of income, are the following net injections, net withdrawals or neither? If there is uncertainty, explain your assumptions. (a) Firms are forced to take a cut in profi...