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Firstly it would be useful to define terms and state that the majority of the time the tax in question will be a tax on a good or service for example the tax on cigarettes (tobacco). The reason that this ...

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...

Short run growth is an increase in AD, meaning any one of the compenants in aggregate demand increases. This can occur if people have a change to their disposable income, for example if taxation is reduce...

A pure public good is a good that is consumed collectively; it is both non-excludable and non-rivalrous. These two main characteristics mean that people can't be stopped from consuming the good, and that ...