Tuesday, 9 October 2012

L6 HW : Subsidies & Exam Practice

Dear Lower Sixth

Lots to take in today.  See this video for more help on taxes





Read the excellent tutor2u for notes on subisidies

http://tutor2u.net/economics/content/topics/marketsinaction/producer_subsidies.htm

Then answer this exam question:







7 comments:

Anonymous said...

14 marks are you being serious???

Anonymous said...

Sir i feel this punishment is not fair...u have to understand most of us do not have jobs due to the recession and high rates of unemployment therefore our real disposable income is considerably low and quite close to 0. As a result of this we were not able to buy u a present please dont punish us with this long question

Anonymous said...

that was seriously just not funny.

Anonymous said...

Sir the video says the consumer pays the tax, i thought that it was the supplier who had to pay this ?

Anonymous said...

This guy thinks he's some joker

Anonymous said...

sir i dont understand what it means by the economic effects?

Anonymous said...

HAPPY BIRTHDAY JJ, but this homework is horrible though