Related International Baccalaureate Economics essays

1. 

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

   A market economy cannot function in the absence of secure property rights, as there is uncertainty and risk associated with undertaking investments relating to the 'property'. It is risky to build a factory, or make improvements on a farm, if these are located on a piece of land whose ownership has not been legally secured.

2. 

   Old IB Questions

   surplus due to a higher price and lower quantity. The presence of deadweight loss in monopoly indicates that there is economic inefficiency: the sum of consumer plus producer surplus is less in monopoly compared to perfect competition by the amount of deadweight loss.

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. 

   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. 

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

   the defence sector and country?s intensive modernization plans are some of the key reasons to invest in India. Russian President Vladimir Putin has showed his keenness to manufacture one of its most advanced helicopter Kamov 226 T in India. Although 6O% of defence purchases come from Russia, Indian government aims

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. 

   15 Historical Economic Questions on Mercatilism and the Development of European Countries.

   Hoover aimed to ensure that domestic wages would not fall. In order to ensure such a thing, one would need to create artificially high prices, which couldn?t be possible with the public?s current financial situation. This led to the introduction of a new piece of legislature which aimed to do just so.

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.