Related International Baccalaureate Economics essays

1. 

   Old IB Questions

   In the long-run equilibrium of the perfectly competitive market structure, all firms earn normal profits (they earn zero economic profit). The reason behind this important principle is that if firms earn economic profit or make losses in the short run, the profits and losses give rise to a process of

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. 

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

   Modern population growth has both positive and negative influences to contemporary economic growth. For example, China has implemented strict one-child policy for nearly 20 years, and on the other hand, India has not pursued population limitation. Therefore, per capita GDP is rising in China while India shows no similar rise.

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.

   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

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.