ECON US Economics for Business Coursework to Replace Examination Questions

User Generated

trarfvf98

Economics

University of Salford

ECON

Description

this is a timed assignment that should be solved all


20 multiple choice questions and 2 out of 4 essay questions

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Economics
Section A
1

C

2

B

3

A

4

C

5

B

6

B

7

E

8

D

9

B

10

B

11

D

12

E

13

D

14

A

15

E

16

E

17

C

18

A

19

B

20

E

Section B
Question 1
a)
Price

do

d1

S0

P1
Pe

S0

d0
Qe Q1

d1

Quantity

Increase in taxes will make the cost of production to increase because of the increased cost of
inputs / factors of production. This will increase the price of the commodities thus causing the
supply curve to shift to the right from dodo to d1d1, the equilibrium point will end up risng.
b) Causes that may cause a rise in the equilibrium are negative effects on the supply of a product
which are
- High level of population
- Increase in inputs’ prices
- Favorable government policies
- Increase in the number of producers
- Favorable weather conditions
- Use of modern technology

4 (a) Increase in interest rates attracts foreigners in other countries to come and invest in the
assets of UK due to the expectation of high returns on t...


Anonymous
Nice! Really impressed with the quality.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags