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Economics
GCSE

How can I evaluate something that I agree with?

Evaluation does not mean having to disprove or negate the point you have made. Some points do not have a logical opposite. However, you do not need to say whether or not the fiscal policy would increas...

Answered by Hobz D. Economics tutor
2095 Views

What are the benefits of an increase in the National Minimum Wage?

The national minimum wage (NMW) is a legally imposed wage floor below which wages cannot fall. By increasing the NMW workers receive higher wages. This has five major benefits. Firstly, a rise in the NMW ...

Answered by Xenia K. Economics tutor
10884 Views

What's the difference between a normal good and a inferior good?

A normal good is a good in which as your income rises your demand for that good also rises. And if your income falls your demand for that good also falls. The best way to learn about normal goods is wi...

Answered by Logan L. Economics tutor
16956 Views

Why are UK government gilt (bond) yields rising and why is that bad?

A bond or a gilt is a way of borrowing money for corporations or governments. For example, if an imaginary government wanted to borrow $100, it could issue a single bond, and an investor could buy that...

Answered by Rudolfs G. Economics tutor
21273 Views

Explain the factors which determine the level of demand for a good or service

To answer this questions I would reccomend learning the following acronym WISPER CAT

The factors which affect the level of demand are:

Weather

I...

Answered by Joel G. Economics tutor
6925 Views

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