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Home/ Economics HL Year 2/ Contents contributed and discussions participated by Rafe D

Contents contributed and discussions participated by Rafe D

Rafe D

Zimbabwe: Fiscal Policy Review Tardy - 1 views

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    Zimbabwe is reviewing it's fiscal policy which is one of the main determinants of government spending which can subsequently lead to an increase or decrease in aggregate demand. Zimbabwe's fiscal policy includes manipulating aggregate demand in order to achieve price stability, employment and overall growth of their economy. The market is now waiting on finance minister Patrick Chinamasa to deliver his mid-term fiscal policy review statement which will guide Zimbabwe's economy for the next couple of years.
Rafe D

Tobacco Price Up - 0 views

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    While there are no price controls for cigarettes in Fiji at this time, retailers need to be careful to only sell tobacco products to people aged 18 years or older. This advice comes from Rajeshwar Singh, the British American Tobacco corporate regulatory affairs manager who is working to ensure that no tobacco products end up being sold to people who are underage. At this point, retailers set their own prices however if situations of tobacco being sold to people under the age of 18 arise then price controls may be implemented in Fiji.
Rafe D

What Price Books? - 1 views

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    Copyright holders of newer books exploiting the possibilities price elasticity by finding a new market for the same book by after a period of time offering it a much lower price is an interesting idea. By doing this copyright holders are negating the affect of the PED determinant of books not being a necessity by constantly establishing new markets without paying any more for a new title. However demand for books is still likely to be elastic because of some of the other PED determinants. It is interesting to note that a trusted publisher such as Oxford University Press has been exploiting price elasticity for decades along with many other publishers who would reissue modular and revised editions of books in order to make a profit.
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