Related International Baccalaureate Economics essays

1. 

   Old IB Questions

   and non-collusive (oligopolistic firms do not agree, whether formally or informally, to fix prices or collaborate in some way) oligopoly. Non-price competition is very important in oligopoly for the following reasons: * Oligopolistic firms very often have considerable financial resources (due to large profits)

2. 

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

   Secure property rights encourage investment, property maintenance and economic growth. The less secure the property rights, the lower access to credit, the worse the terms (i.e. the higher the rate of interest), and so the fewer the investments financed by credit, and the lower economic growth.

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.

   It has transformed defence industry in a tremendous way. ?Even a dumb bomb produced can be transformed in to Smart weapons with the aid of ICT nowadays? One of the ambitious project for Indian Defence sector is the ?Make in India? initiative.

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.