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Explain why _____ chose to start his new business as a sole trader. (6 marks)

Command word: Explain This means that in order to score the 5-6 marks range, a detailed response with reasons for how something will benefit for improve a particular phenomenon is necessary. The 6-mark quest...
CC
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What is the Marshall Lerner Condition?

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 (...
ZC
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What are the factors that could affect the exchange rate?

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...
ZC
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How can changes to taxes cause a reduction in the public deficit?

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...
ZC
4175 Views

What is 45% of 60?

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 ...
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Answered by Sophie N. • Maths tutor
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