Recent content by th_05

Thats brilliant, thanks so much for your help.

couldnt check out my latest question could you? same thread as the other one. would be much appreciated.

couldnt have a look at my latest question could you? would be much appreciated [IMG]

Another question unfortunately folks! Give an example of another market (other than those above - cigarettes and alcohol) within which the government has intervened. Explain why, and the potential outcomes of intervention, making use of economic analysis. I'm thinking petrol? But what...

Thanks very much for the help guys you have saved me. Maybe I shouldnt consider doing economics in higher education as you seem to have found it extremely easy. :D I actually have 5 questions, 300 words each in total. I was just struggling on this one a bit. Thanks again!

Thanks for that. However I am still struggling, how can I make this into a 300 word answer? Describe what scarcity is and how the government as to deal with, e.g. oppertunity cost of putting money into education over health. Cant seem to think of much to say for this one.

Hi folks I am really struggling on a question I have been presented with: Explain why, in a mixed economy, the concepts of scarcity and opportunity cost are important for governments. Illustrate your answer with examples. I am relatively new to economics and although I know what...