AS/A2 Economics: Economics homework

Friday, 2 October 2009

What have the two pictures got to do with Economics?

tuan's blog said...: comment???; 4 October 2009 at 14:36
Nowakonomics said...: Scarcity, opportunity cost, ovrcrowding.

Population control (China)

Economics of happiness. (Smiling faces)

Empty spaces: misallocation of resources.; 4 October 2009 at 17:03
Mr.Lex said...: Allocative inefficiency; 4 October 2009 at 19:35
chris sivewright said...: Also w.o.s.; 4 October 2009 at 20:11
Mr.Lex said...: That's it...W.O.S:)); 4 October 2009 at 23:11
Tom said...: For the first picture:

Reduced negative externalities. As the car parking spots are empty, the teachers will have to use other methods of transportation to get to school. For instance; bicycle or bus! These are all less polluting than a car! Which would cause a decrease in negative externalities.; 5 October 2009 at 03:11
Anonymous said...: It might be private and public good or Allocative inefficiency; 6 October 2009 at 22:10