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Explain the difference between natural and artificial barriers to entry.
Date posted:
July 5, 2018
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Explain the difference between unemployment and economic inactivity.
Date posted:
July 5, 2018
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Evaluate the view that GDP statistics should not be used as an indicator of economic welfare
Date posted:
July 5, 2018
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Explain the main factors which determine an economy’s rate of economic growth
Date posted:
July 5, 2018
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Critically examine the view that fiscal policy is the most effective means of controlling aggregate demand.
Date posted:
July 5, 2018
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Explain what is meant by price elasticity of supply
Date posted:
July 5, 2018
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Critically examine the view that government intervention to correct market failure is likely to make matters worse.
Date posted:
July 5, 2018
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Explain why the free market would fail to provide sufficient public goods.
Date posted:
July 5, 2018
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Explain what is meant by the term market failure.
Date posted:
July 5, 2018
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Explain some of the factors which could cause a rightward shift in a country’s production possibility curve.
Date posted:
July 5, 2018
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Explain what is shown by a production possibility curve (frontier).
Date posted:
July 5, 2018
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Evaluate the view that current account deficits are still economically significant.
Date posted:
July 5, 2018
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Critically examine the view that free trade alone is insufficient to promote economic development.
Date posted:
July 5, 2018
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Critically examine the view that government “green” policies benefit neither businesses nor the environment.
Date posted:
July 5, 2018
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Explain some of the ways in which businesses may use and misuse the environment.
Date posted:
July 5, 2018
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Critically examine the view that firms can continue to grow without experiencing diseconomies of scale.
Date posted:
July 5, 2018
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Explain the relationship between a firm’s short run and long run average cost curves.
Date posted:
July 5, 2018
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Critically examine the view that consumers benefit more from non-price competition than from price competition.
Date posted:
July 5, 2018
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Explain why firms engage in non-price competition
Date posted:
July 5, 2018
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Evaluate the view that the government’s top priority should be to achieve a more equitable distribution of income
Date posted:
July 5, 2018
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Outline the main macroeconomic policy objectives of a government.
Date posted:
July 5, 2018
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Critically examine the view that only monetary policy can control an economy’s rate of inflation.
Date posted:
July 5, 2018
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Analyse the impact of persistently high rates of inflation upon an economy
Date posted:
July 5, 2018
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Critically examine the view that contestable markets lead to a more efficient allocation of resources than any other market structure
Date posted:
July 5, 2018
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Critically examine the view that the advantages associated with large scale production mean that small firms will become a thing of the past.
Date posted:
July 5, 2018
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Explain why firms often strive to produce on a larger scale.
Date posted:
July 4, 2018
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Critically examine the policies which governments could adopt in order to shift the long run aggregate supply curve (LRAS) to the right.
Date posted:
July 4, 2018
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Explain what is shown by an economy’s short run aggregate supply curve.
Date posted:
July 4, 2018
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Evaluate the main policies which governments could use to reduce wage inequality.
Date posted:
July 4, 2018
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Analyse why free markets often lead to large wage differentials
Date posted:
July 4, 2018