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MLC states that a devaluation (in the LR) will only have a positive effect on the current account if the sum of the elasticities of demand for exports and imports is negative and numerically greater than 1 (...

1. Inflation If inflation in the UK is relatively lower than elsewhere, then UK exports will become more competitive and there will be an increase in demand for Pound Sterling to buy UK goods. Also foreign g...

Increasing the level of direct taxes to reduce the fiscal deficit would lead to a disincentive to work amongst the rich as they will be less willing to work overtime and more inclined to reduce working hours...

I would ask the student what they understood of percentages and if they understood the relationship between fractions and percentages. I would explain that 1% of a value is the same as 1/100 of a value. The ...

I would first get the student to find the elements on the Periodic Table, and work out how many valence electrons each atom had. Then I would get them to draw the structures of hydrogen and chlorine using th...