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One way a government might try and reduce an imbalance in the current account is by using contractionary fiscal policy·        Reducing government spending and increasing taxes·        By reducing governm...

Firms can maximise profits by producing at where MR=MC. Firms who are for-profit organisations, such as Apple, will look to profit maximise, in order to maximise dividends for owners and increase retained...

Intro - define key terms, outline points and conclusion
main points - benefits of increasing government spending and reductions taxation. Increasing government spending eg on education will increase...

Is GDP a good measure of growth in living standards?There is no definite right or wrong answer to this question. Cons·      GDP alone does not account for the distribution o...

Price elasticity of demand (PED)= %change in Quantity Demanded/ %change in price
So, from the question we can see that the PED is elastic as there is a significant increase in demand for the e-book w...