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Explain two policies governments might use to redistribute income.

A government can use a progressive tax system to redistribute income. The way this works is that as income rises, you pay a higher portion of that income in taxes. This is probably the most common way to red...
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Answered by Sofia K. • Economics tutor
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Assess the policies that could be used to reduce the UK’s balance of trade deficit

A country is in a current account deficit when it spends more than it sells, i.e. when the value of its imports is greater than the value of its exports. There are three main ways a country's current account...
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Answered by Naveed T. • Economics tutor
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Evaluate the view that mergers always result in a lessening of competition

Introduction Define mergers: combining of two firms in the same industry in either the same or different points of the production process, resulting in one larger firm. Key points:For:Economies of scale. Lar...
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Answered by Nadiath C. • Economics tutor
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To what extent can government policies be used to increase economic growth without increasing the rate of inflation

Identify the policies used to increase growth without increasing inflation. The two types of policies the government can use are demand side and supply side policies. We know we want to increase growth so on...
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Answered by Vishal M. • Economics tutor
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Explain the difference between productive efficiency and dynamic efficiency.

Dynamic efficiency is associated with the productive efficiency of a firm. However, dynamic efficiency is where a firm's super-normal profits are reinvested into technology and research and development to ma...
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Answered by Michael W. • Economics tutor
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