Economics
Frequently asked questions and answers
Test your knowledge!

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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