Top answers

Discuss measures to reduce an imbalance in the current account?

One way a government might try and reduce an imbalance in the current account is by using contractionary fiscal policy· Reducing government spending and increasing taxes· By reducing government spending, you...
DA
Answered by Dilan A. • Economics tutor
4585 Views

Evaluate the view that all firms aim to profit maximise

Firms can maximise profits by producing at where MR=MC. Firms who are for-profit organisations, such as Apple, will look to profit maximise, in order to maximise dividends for owners and increase retained pr...
DA
Answered by Dilan A. • Economics tutor
27538 Views

Evaluate the benefits of using fiscal policy to stimulate economic growth

Intro - define key terms, outline points and conclusion main points - benefits of increasing government spending and reductions taxation. Increasing government spending eg on education will increase producti...
AG
Answered by Amy G. • Economics tutor
2480 Views

Is GDP a good measure of growth in living standards

Is GDP a good measure of growth in living standards? There is no definite right or wrong answer to this question. Cons · GDP alone does not account for the distribution of income in a country – can be very u...
JP
Answered by Johann P. • Economics tutor
2487 Views

Amazon currently sells 100 000 copies per year of an e-book at $14.99. The company estimates that customers would buy 174 000 copies of the same e-book at a price of $9.99. What is the effect on Price elasticity of Demand and Total

Price elasticity of demand (PED)= %change in Quantity Demanded/ %change in price So, from the question we can see that the PED is elastic as there is a significant increase in demand for the e-book when pric...
CO
Answered by Connor O. • Economics tutor
3031 Views