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Economics

How can I get 8 points out of 8 in Question d of the Economics HL Paper 2?

It is important that you always get back to article and you develop the arguments mentioned. If for example, you get a question on how to cure a curernt account deficit, I would suggest to:

Answered by Giuseppe E. • Economics tutor

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What are arguments in favour of protectionist policies?

Although protectionist policies are generall considered to have more negative effects than positive ones, there are certain instances in which they can be very beneficial. One of those instances is the in...

Answered by Alex A. • Economics tutor

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Explain factors that affect government expediture

Government expenditure should be split into two parts; Current expenditure, on things like civil servants salaries, and capital expenditure. Increased govenrment spending is an example of exspansiary fisc...

Answered by Fergus C. • Economics tutor

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Assuming an increase in the market demand for petrol, analyse the role of the price mechanism in reallocating resources.

Let's imagine the market demand for petrol increases because the demand for automobiles, a complimentary good, has increased. Simply put, with more cars, more petrol is needed. Intially, the market is in ...

Answered by Rutger S. • Economics tutor

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What is the demand and the supply in a market ? How can you draw them how do you derive the optimal price and quantity *?

The demand is the quantity that consumers demand for a good/service at a certain price. The more quantity asked, lower is the price. The demand has a negative slope.

The supply is the quantity of ...

Answered by Yannis K. • Economics tutor

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