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These essay style questions create the bulk of your micro/macro studies, and it's important to know how to answer them effectively and efficiently.

With the 10 mark style questions, the e...

1. There will be less unemployment benefits paid out by the government allowing them to spend this money elsewhere, such as improving infrastructure.
   2. Less people unemployed means the government...

The law of demand states that as the price of a good or service rises the quantity demanded will subsequently decrease. Opposingly, lower prices cause an increase in quantity demanded. 

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Plan

Before beginning to write an essay, it is vital to write a plan. This won't have to take more than 5 minutes but helps you to write efficiently and with clarity. To ...

Intro:

Define trade deficit: A trade deficit occurs when the value of a countries imports exceeds the value of a countries exports. 

Explain the effect of a change in the ex...