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Government spending is the total spending by government on all goods and services in a given period of time. Inflation is the sustained increase in the general price level over a given period of time. Hig...
Total sales abroad: 20000 x 4 euros = 80000 euros Pound amount = Euro amount x ER Before ER change: 80000 x1.13 =90400 pounds After ER change: 80000 x 1.08= 86400 pounds 864-904 = -4000 pounds Therefore, ...
Government vs market failure, when evaluating a paragraph you can simply fall back onto stating that the action brings the risk of government or market failure ( whichever is applicable)...
For any question the you should first consult the mark schemes and ensure that you are understanding exactly what they are saying. For a definition question repition is key, making sure that you understan...
It is assumed that if the price of a good falls, more people will be able to afford the good and therefore more people will want to buy the good when the price is lower. Therefore, as price falls the quan...
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