Turn on thread page Beta
    Offline

    1
    ReputationRep:
    Everyone If u want to be added to group chat whatsapp me on 07459131684
    Offline

    2
    ReputationRep:
    It sounds rather simple, but can can someone help me with this question:
    "Distinguish the difference between a developing and developed country"
    Offline

    1
    ReputationRep:
    If you want to be added to group chat for a much quicker response and for amazing resources whatsapp me on

    07459131684
    Offline

    6
    ReputationRep:
    (Original post by BigFreakyGinger)
    It sounds rather simple, but can can someone help me with this question:
    "Distinguish the difference between a developing and developed country"
    Developed economy: a country with a relatively high per capita income and developed secondary and tertiary sectors.
    Developing economy: a country with a relatively low per capita income, reliance on primary production, and undeveloped secondary and tertiary sectors.
    Offline

    2
    ReputationRep:
    Could someone explain the significance of the terms of trade

    E.g. Comment upon the significance of a fall in the terms of trade for the Zambian economy
    Offline

    2
    ReputationRep:
    (Original post by AFG-Gamer)
    Anyone wants Econplusdhall model answers
    Yes please, will give rep
    Offline

    2
    ReputationRep:
    (Original post by Pato1)
    Analyse TWO possible reasons why changes in the effective exchange rate failed to havetheir “expected impact on the US current account deficit”

    One reason for the failure of exchange rate movements to eliminate the US current account deficit isthat, despite the change in relative prices, US demand for Chinese products and Chinese demandfor US products were insufficiently price elastic for trade volumes to move significantly. (1)Currency depreciation can boost exports and indeed export revenue, but only if foreign demand iselastic. (1) Similarly, currency depreciation can cause a larger than proportional contraction of demandfor imports, but only if demand for imports is elastic. (1) According to the Marshall Lerner condition,following depreciation or devaluation, a combination of falling prices for exports and rising prices forimports will only solve the problem of deficit if trade volumes move significantly, (1) ie the sum of thetwo elasticities of demand exceed one. (1)

    A second reason for a continuing significant US trade deficit may be derived from the fact that USgoods and services may be becoming relatively less competitive in quality terms, thereforerepresenting poorer value for money. (1) This would mean that, at constant prices, less would bedemanded and, therefore, any increase in demand from overseas for US products arising from thefalling prices associated with the US dollar depreciation, would be reduced by the loss of demand from this loss of competitiveness. (1) Although the overall impact of these two influences on the total value of exports would depend on the relative significance of each, and also on price elasticity of demand for exports, the total export revenue would certainly be less than it would otherwise be if US products were becoming less competitive, and so the trade deficit would be sustained. (1)
    Can you u say it depends on domestic inflation??
    Offline

    2
    ReputationRep:
    (Original post by Pato1)
    Analyse TWO possible reasons why changes in the effective exchange rate failed to havetheir “expected impact on the US current account deficit”

    One reason for the failure of exchange rate movements to eliminate the US current account deficit isthat, despite the change in relative prices, US demand for Chinese products and Chinese demandfor US products were insufficiently price elastic for trade volumes to move significantly. (1)Currency depreciation can boost exports and indeed export revenue, but only if foreign demand iselastic. (1) Similarly, currency depreciation can cause a larger than proportional contraction of demandfor imports, but only if demand for imports is elastic. (1) According to the Marshall Lerner condition,following depreciation or devaluation, a combination of falling prices for exports and rising prices forimports will only solve the problem of deficit if trade volumes move significantly, (1) ie the sum of thetwo elasticities of demand exceed one. (1)



    A second reason for a continuing significant US trade deficit may be derived from the fact that USgoods and services may be becoming relatively less competitive in quality terms, thereforerepresenting poorer value for money. (1) This would mean that, at constant prices, less would bedemanded and, therefore, any increase in demand from overseas for US products arising from thefalling prices associated with the US dollar depreciation, would be reduced by the loss of demand from this loss of competitiveness. (1) Although the overall impact of these two influences on the total value of exports would depend on the relative significance of each, and also on price elasticity of demand for exports, the total export revenue would certainly be less than it would otherwise be if US products were becoming less competitive, and so the trade deficit would be sustained. (1)
    Is the essay question on supply side policies guarenteed?
    Offline

    2
    ReputationRep:
    (Original post by AFG-Gamer)
    If you want to be added to group chat for a much quicker response and for amazing resources whatsapp me on

    07459131684
    Can I have his model answers too pls Ill double rep
    Offline

    2
    ReputationRep:
    (Original post by AFG-Gamer)
    If you want to be added to group chat for a much quicker response and for amazing resources whatsapp me on

    07459131684
    I dont have whatsapp can you post the resources on here or can pm me pls?
    Offline

    1
    ReputationRep:
    Due to copyright I can't share the model answers,


    Truely sorry

    (Original post by fpmaniac)
    Can I have his model answers too pls Ill double rep
    Offline

    1
    ReputationRep:
    (Original post by Lavender26)
    Thanks!
    I understand how comparitive advantage works, but I don't understand why being able to have a lower opportunity cost actually leads to higher AD or AS?
    If they specialise where they have a comparative advantage they can export, which allows for a rise in AD. That will allow for a rise in employment, so a rise in income tax revenues and if there's an increase in G on e.g. infrastructure, there will be an improvement in AS.
    Offline

    2
    ReputationRep:
    What are the pros and cons of a deterioration in the terms of trade? And, conversely what are the pros and cons of an improvement in the ToT?
    Offline

    3
    ReputationRep:
    (Original post by amber108)
    can someone please answer this:

    Discuss the extent to which internal constraints are more significant than external contrasts to economic development in Zambia.
    Yeh same ?
    Offline

    0
    ReputationRep:
    do you think its best to make 2 or 3 points for the 20 marker ?
    Offline

    3
    ReputationRep:
    (Original post by cw22598)
    do you think its best to make 2 or 3 points for the 20 marker ?
    Depends, quality not quantity - if you feel your 2 points are sufficient and detailed thats fine.

    Just remember you need to evaluate so give yourself time for that
    Offline

    0
    ReputationRep:
    Would you give a judgement and a however for a "analyse and evaluate..." question?
    Offline

    0
    ReputationRep:
    (Original post by politicalmind)
    Depends, quality not quantity - if you feel your 2 points are sufficient and detailed thats fine.

    Just remember you need to evaluate so give yourself time for that
    thanks !
    Offline

    12
    ReputationRep:
    (Original post by Rachaellllll)
    Would you give a judgement and a however for a "analyse and evaluate..." question?
    yes
    Offline

    3
    ReputationRep:
    (Original post by Rachaellllll)
    Would you give a judgement and a however for a "analyse and evaluate..." question?
    Yesssss - not just for an analyse though but certainly for evaluate
 
 
 

University open days

  1. University of Bradford
    University-wide Postgraduate
    Wed, 25 Jul '18
  2. University of Buckingham
    Psychology Taster Tutorial Undergraduate
    Wed, 25 Jul '18
  3. Bournemouth University
    Clearing Campus Visit Undergraduate
    Wed, 1 Aug '18
Poll
How are you feeling in the run-up to Results Day 2018?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.