Related International Baccalaureate Economics essays

1. 

   Old IB Questions

   they can (through formal or informal collusion), and when they do not collude they still avoid competitive price-cutting as this is likely to result in lowering their profits. However, oligopolistic firms usually do engage in intense non-price competition. Non-price competition involves efforts by firms to increase their market share by

2. 

   Growth and Development Problem Set - IB Economics exam questions and answers.

   from higher income to lower income groups; with regressive taxation, inequalities become more pronounced, with serious consequences for both growth and development efforts. Property rights refer to the laws and regulations that define rights to ownership, use and transfer of property.

1. 

   Economics Commentary on "Price of coffee heats up".

   Some restaurant owners are trying desperately to avoid passing the cost on to customers, often at a price for their employees. "My staff is unfortunately feeling the pinch, because I'm cutting back on their hours and I'm working more hours myself to make up the profitability," said restaurant owner Brad Kent.

2. 

   Markets and Price Determination

   As the marginal utility from a product diminishes with extra consumption, it follows that the rational consumer will only demand more of a product if its price falls. A demand schedule = a table showing the quantity of a product demanded at different prices.

1. 

   List the strategies used to affect demand for cigarettes and how it would affect ...

   High-income individuals usually are those who are better-educated and they do not responsive to the price changes. This could be because high-income individuals have extra money to buy the cigarette no mater how expensive it is. Therefore, it is contended that higher education has strong negative effects on smoking.

2. 

   Role of ICT for "Make in India" government initiative.

   (4) (5) (6) 45(7) On-site Services 450.1 9.9 20.7 442.2 9.2 17.8 -1.8 Off-site Services 1720 37.7 79.3 2042.1 42.6 82.2 18.7 Total 2170.1 47.6 100 2484.3 51.8 100 14.5 Defence Manufacturing : ICT is the key for Modernization of Defence in India.

1. 

   Use a diagram to show the consequences of government imposing a price above or ...

   With the shortage and the excess demand of oil, producers would then sell the products at a higher price illegally, and they would succeed in doing so because consumers would still need the oil that is so scarce in the market.

2. 

   Economic Commentary: Price Floor - A ban on the sale of alcohol below a ...

   But the British Medical Association says it will make little difference. A spokesman for Alcohol Concern said: "The new provision must be welcomed, as it will hopefully make some difference at the very extreme cheap end of the market favoured by street drinkers and the young.