Readers Question: Discuss the Impact on Czech Economy of a decline in the Car Industry. The car industry plays an important role in GDP of Czech (16% of economy is Car industry) (19% of export revenue) and jobs. BTW: Skoda is the main car. A decline in the car industry would lead to lower exports …
Readers Question: I just apply the theory and I am not sure whether I have to tell the truth in the economics exams ? It is good to tell the truth, you can’t make things up. Especially when it comes to economic theory. However, often you might get asked questions where the answer is uncertain. …
Example of a AQA unit 4 question from June 2007. AQA paper available here Note: Some of the data can’t be published online. This is just a short guide to answer the question. I think it lacks – more use of data and more evaluation. Explain why Free Trade is important to EU member countries …
Readers Question “Evaluate the argument that further measures to reduce inequality may have adverse consequences for work incentives ” Measures to reduce inequality include, progressive taxes, means tested benefits and higher minimum wages 1. Higher Income Tax. Increasing the highest rate of income tax from 40% to 50% will make work and overtime less attractive …
Readers Question: This one is about flexibility in the labour market. I am wondering why globalisation has made a contribution to the increase in flexibility. Is it because firms face fierce competition so they have to hire workers only when they need them? Increased competition is certainly one factor. If a firm has a domestic …
Readers Question: Discuss the likely economic impact on absolute and relative poverty of China’s rapid economic growth? It is an interesting question because even the Chinese government have been concerned that China’s rapid economic growth has not helped large sections of the population, especially in the north. Absolute poverty is defined as the minimum level …
A Common question at AS and A2 Level is to understand economic graphs and statistics. Look at the graph below and explain what happens to GDP at current prices between 1974-1983? Many students will answer – In this period GDP is falling. However, this is wrong. What is happening is that the growth rate is …
Readers Question: I am studying AS level economics and I have a homework which i’m stuck on. I was wondering what are the pros and cons of the government intervening in market failures such as those resulting from the immobility of labour, negative externalities and greater income inequality, following the closure of factories. It’s a …