Top answers

Economics
A Level

Evaluate policies which a UK government could use to control the activities of oligopolists.

For this answer, like with any other essay question, I encourage my students to draft an essay plan prior to writing. By doing so, my students show me their strengths and weaknesses which allows me to ...

Answered by Daniel M. Economics tutor
9630 Views

Are there any minuses to economic growth?

Growth is typically considered great - improvement in GDP per capita, incomes and living standards. However, if asked in the exam, there is something for you to mention.

Firstly, consider...

Answered by Julia L. Economics tutor
2592 Views

Evaluate the view that attempts by governments to eliminate market failure by intervening in markets for public goods and merits goods will inevitably lead to government failure.

This is a typical essay question taken from an AQA A2 Past Paper. In class, I encourage my students to draft essay plans to elaborate their arguments and develop their analytical thinking skills. Once ...

Answered by Daniel M. Economics tutor
4396 Views

Explain the main sources of monopoly power.

 - Barriers to entry, for example patents, restrict the number of competitors in a market. They may be deliberate, e.g. patents, or inherent in the good, e.g. water. Where they are inehrent, a 'natural...

Answered by Beth P. Economics tutor
74542 Views

What are the likely impacts of a sustained budget deficit for an economy?

Interest rates on bonds increase, leading tp increased costs of borrowing. Leads to

a) fall in business investment, which reduces both AD and LRAS (i.e fall in economic growth)

Answered by Chuen Him K. Economics tutor
3119 Views

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