Economics
Frequently asked questions and answers
Test your knowledge!
Analyse the economies of scale from which a farm may benefit.
Discuss how far (i) an increase in wages and (ii) a loss of business confidence might affect the rate of interest.
Cambridge a level june 2019
Discuss whether oligopolistic industries always operate against the interests of consumers. [13]
cambridge a level june 2019
Discuss whether or not a government should subsidise bus transport.
Explain two reasons why a government may impose a tariff on imported gold.
What is the difference between the private sector and the public sector?
A recent newspaper article commented on the fact that a pharmaceutical company charged customers in the United States (US) US$800 per treatment whilst it charged customers in Egypt US$80 for the same treatment.
(a) Explain why the company might follow this policy and what conditions are necessary to allow the policy to be successful.[12]
Analyse how a recession may reduce a country’s imports.
Analyse how a rise in the interest rate could cause a recession.
Analyse how having some of its population working abroad may benefit an economy.
Analyse how perfect competition differs from a monopoly.
Analyse the external costs that can be caused by the building and expansion of an airport.
Analyse why a country could have lower production costs for a particular good than another country