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How can I evaluate something that I agree with?
Evaluation does not mean having to disprove or negate the point you have made. Some points do not have a logical opposite. However, you do not need to say whether or not the fiscal policy would increase cons...
HD
Answered by
Hobz D.
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Economics tutor
3119 Views
What are the benefits of an increase in the National Minimum Wage?
The national minimum wage (NMW) is a legally imposed wage floor below which wages cannot fall. By increasing the NMW workers receive higher wages. This has five major benefits. Firstly, a rise in the NMW wou...
XK
Answered by
Xenia K.
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Economics tutor
12904 Views
What's the difference between a normal good and a inferior good?
A normal good is a good in which as your income rises your demand for that good also rises. And if your income falls your demand for that good also falls. The best way to learn about normal goods is with exa...
LL
Answered by
Logan L.
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Economics tutor
21528 Views
Why are UK government gilt (bond) yields rising and why is that bad?
A bond or a gilt is a way of borrowing money for corporations or governments. For example, if an imaginary government wanted to borrow $100, it could issue a single bond, and an investor could buy that bond ...
RG
Answered by
Rudolfs G.
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Economics tutor
27096 Views
Explain the factors which determine the level of demand for a good or service
To answer this questions I would reccomend learning the following acronym WISPER CAT The factors which affect the level of demand are: Weather Income Substitute goods price Population Expectations of future ...
JG
Answered by
Joel G.
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Economics tutor
8050 Views
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