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What are the main causes of unemployment in the UK? CCEA 2013 Summer paper 2

The definition of unemployment that is used by the UN is the ILO definition, this covers those that are out of work, want a job, have actively sought work in the previous four weeks and are available to star...
CT
Answered by Cameron T. • Economics tutor
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t=−3 , find t^2−2t−1

we need to substitute the value of 't' in the equation. we are given the value of 't'. it is equal to 3. Now, substitutting 3 in the place of 't' within the equation gives: (3)^2 - 2(3) - 1 = (3 x 3) - (2 x ...
DP
Answered by Dhwani P. • Economics tutor
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Explain the law of demand with the help of a diagram.

Demand can be defined as the willingness and ability of a consumer to purchase a good or service.The law of demand states that the quantity demanded of a good or service increases as its price decreases and ...
DP
Answered by Dhwani P. • Economics tutor
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Explain why a firm in Perfect Competition earns supernormal profits in the short-run

A perfectly competitive market is a market where a large number of firms produce identical products (perfect substitutes). The characteristics that define perfect competition are the following: - no barriers...
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Answered by Nora V. • Economics tutor
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Why would an increase in demand for a good cause an increase in price for a good?

Imagine that there are 10 apples to be sold at $1 each and that there are 10 people wanting to buy (demanding) an apple each. Now imagine there is an apple health-craze in this country and so now there are 3...
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Answered by Anna K. • Economics tutor
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