Top answers

Economics
A Level

Explain 4 key sources of monopoly power.

  1. Legal barriers. Some monopolys are granted their status as monopolys by government for a fixed period. For example, Camelot who operate the National lottery are granted the power to be the sole supp...
Answered by Cameron L. Economics tutor
16289 Views

How is unemployment related to causes of inflation?

Inflation is a sustained rise in general price levels. There are several causes for prices to rise. When production costs, such as wages and raw material prices increase- cost-push inflation occurs. Infla...

Answered by Mark B. Economics tutor
7498 Views

What is a balance of payments deficit and why might this be damaging to the economy?

In Macroeconomics, a balance of payments or balance of trade deficit is where the total imports (M) received by an economy exceed that of exports (X). The balance of payments is a component of aggregate d...

Answered by Ayrton J. Economics tutor
10996 Views

Explain how interest rates could be used to stimulate a rise in inflation.

Interest rates, which represent the cost of borrowing money and the returns from saving it, are used by central banks to control the level of inflation. If the central bank wants to increase inflation, it...

Answered by Ben B. Economics tutor
3101 Views

Analyse the effects on the UK economy of a recession in another economy with trade ties.

A recession is when an economy experiences negative growth in terms of GDP for two or more consecutive quarters. If an economy such as that of the US, a major trading partner, were to enter a recession it...

Answered by Luke J. Economics tutor
8308 Views

We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences