Related International Baccalaureate Economics essays

1. 

   Old IB Questions

   power, demand for the firm's product becomes less elastic, and successful products give rise to opportunities for substantially increased sales and profits. * Product differentiation can increase a firm's profit position without creating risks for immediate retaliation by rivals. It takes time and resources for rival firms to develop new competitive products.

2. 

   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.

1. 

   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.

2. 

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

   Besides, smokers also find it tough to reduce the amount of consumption that sudden as smoking is addictive. However, the number of cigarettes consumption is reducing as time passed because smokers will find ways to cut down the amount of smoking.

1. 

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

   There are three basic classifications of technological progress: Neutral, Labor-saving and Capital-saving. The different speeds of adopting advanced technology and transferring it into real productivity will eventually influence economic growth rates between countries. Different countries adopting these different strategies would eventually have different growth rates.

2. 

   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.

1. 

   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.

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.