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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 th...

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 Ste...

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...

While pronouncing 't' in English,your tongue touches the down side of your gum. The opposite happens when you pronounce 't' in Chinese. Your tongue is supposed to push against the upper side of your gu...

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...