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What's the most difficult question you were asked during your interview for Cambridge?

During my second interview, the interviewer asked me to compare language with a city, meaning I had to use components of a city or town in order to describe how the structures of a language worked. I told...

GR
2260 Views

If monopolies are so inefficient, why do they still exist?

There are a few reasons for which monopolies are, in certain cases, both desirable and beneficial. The first case to consider is that of a natural monopoly, which benefits from Economies of Scale (show th...

AZ
Answered by Anna Z. Economics tutor
2913 Views

Why are subsidies a more efficient way of reducing prices than price ceilings are?

To begin with, the main difference between subsidies and price ceilings is that subsidies move the market equilibrium as they shift supply outwards (show on a diagram), which occurs because producers now ...

AZ
Answered by Anna Z. Economics tutor
22330 Views

Explain the importance of low interest rates in bringing about a recovery from recession in an economy like the UK. (10)

Interest rates are tools of monetary policy set by the Bank of England. They are currently at 0.5% in the UK. A recession is defined as two consecutive quarters of negative economic growth. Low interest r...

TD
8493 Views

How to convert a recurring decimal into fraction

Fristly we need to define recurring decimal as a rational number that does not terminate.

Example 1, 0.444444444...

Example 2, 0.123123123...

A fraction is a number in which the numer...

BL
Answered by Bernice L. Maths tutor
25988 Views

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