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This is a clear example of price discrimination, which can be defined as when sales of identical goods or services are transacted at different prices from the same provider. This would not exist in monopo...

This is a typical essay question, so start off by defining key terms for later use in the answer, such as what a trade-off is, and what the other macroeconomic objectives are. Then, go on the apply and an...

When the exchange rate EU/US goes up, (1/5 becomes 1/10) the euro becomes worth less. If they euro is worth less, European products become cheaper to the US, potentially stimulating exports, while US prod...

A tax can be indirect, imposed by the government on goods and services (e.g VAT) or direct (e.g. income tax). There are 2 types of indirect taxes: specific tax, which is a set amount and ad valorem, a per...

Interest rate's determine the monetary benefit of saving an individuals disposable income - i.e. the rate of return on their savings deposits. When interest rates are higher, individuals stand to gain mor...