Top answers

Identify and describe the two main types of Inflation and their triggers.

Cost-push inflation: caused by rising costs within an industry such as an increase in cost of raw materials, more expensive labour due to trade unions, indirext taxes imposed by the government. Can also be c...
OT
Answered by Ollie T. • Economics tutor
5207 Views

I have revised all the content for Economics but my essays are not reaching the top level, what can I do to ensure I get the highest marks?

The most important feature in an A level economics essay is evaluation. This is a common mistake amongst many A level students- an economics essay should not simply be a regurgitated knowledge but rather an ...
RT
Answered by Ria T. • Economics tutor
2474 Views

What effect would a depreciation of the pound have on the UK economy?

One effect of the pound effectively becoming chepaer is that UK exports will increase. UK goods and services, relative to other countries, will appear less expenisve following the depreciation, duly increasi...
BH
5699 Views

Explain why an increase in exports leads to economics growth

Exports are goods proucded domestically. If there is an increase in exports, more workers are employed to meet the demand for exports, leading to a fall in unemployment in the export sector. Moreover exports...
HA
Answered by Hysam A. • Economics tutor
15336 Views

Can firms in a perfectly competitive market make supernormal profits?

Firms in a perfectly competitive market can make supernormal profits but only in the short run. Supernormal profit is made where average revenue exceeds average cost. In a perfectly competitive market, firms...
AO
48046 Views