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One of the main macroeconomic goals of an economy is to keep unemployment levels low. Unemployment is the state when people who are actively seeking a job are unable to find one. A government hopes ...
For a 6 marker, you should be developing 2 distinct points, totalling 4 marks, and then providing a well reasoned evaluation as a conclusion for the last 2 marks. For the two distinct points, it is import...
The World Trade Organisation's purpose is to promote the free trade of goods and services amongst its 164 member states by discouraging protectionist measures and settling trade disputes. This directly be...
Food is a nessecity, there will always be demand for food. There are no substitutes and therefore, a change in price will not cause a change in demand. Thus the market is relatively price inelastic with a...
There are many possible answers, including: the price, the quality, advertising, branding, promotions, and the price and closeness of substitutes or compliments. There are also macroeconomic factors such ...
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