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Can be anything reasonable that indicates a shift in demand, e.g. greater perceived returns to education. Incorrect answers are supply-side based answers, e.g. Government makes the cost of University chea...

Market failure occurs when prices do not fully reflect social costs. Externalities are spillover effects of a transaction that affect a third party not involved in the transaction. The negative health eff...

Intro:
UK unemployment currently at 4.4%, a four-decade low, question remains how to lower it further with growth forecasts falling and business confidence faltering.

Para 1:
A tr...

The price elasticity of demand, which measures the sensitivity of demand when price changes, for medical treatment is often low when people have medical insurance since the insurance company will ...