Thursday, October 14, 2010

Yr11 Economics and Business

Issue 5
What are the economic implications of a price war within the consoles market?
Key words to use:
• Pricing strategies
• Competition
• Price sensitivity
• Break-even
• Profit
• Monopoly power
• Market Share
• Price war



Deadline 21/10/10

Yr11 Economics and Business Homework

Issue 4
How have the floods affected demand and supply within the local communities of Yorkshire, Gloucestershire and Worcestershire?
Key words to include:
• Markets
• Market mechanism
• Supply
• Demand
• Price
• Shortages and surpluses
• Market Clearing Price
• Insurance
• Inflation


Deadline 21/10/10

Yr 11 Economics and Business Homework

Issue 2
What is the economic impact of imposing a smoking ban in public places?
Key words to include:
· Externalities
· External Costs and Benefits
· Private Costs and Benefits
· Complimentary goodsShifts in demand



Deadline Thursday 21/10/10

Yr11 Economics and Business Homework

Issue 1
What is the economic impact of China and Vietnam ‘dumpling’s shoes on the EU market?
Key words to include:
· Trade
· Cost of Production
· Factor inputs
· Excess supply
· Undercutting prices
· Competitiveness
· Imports
· Import duties/tariffs


Deadline Thursday 21/10/10

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