Related International Baccalaureate Economics essays

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. 

   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.

1. 

   Old IB Questions

   Moreover, the monopolist gains at the expense of consumers as a portion of consumer surplus is converted into producer surplus. 2. In what ways might a company operating within an oligopolistic market structure attempt to increase its share of the market?

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.

   To increase the export sales, India needs to be quality conscious inorder to become equally efficient in the global market which is highly competitive. There is a link between ICT and business growth activities. Business markets that uses Internet to collect sales orders are proved to have higher rates of

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.