Top answers

Explain the potential impacts on the global economy of sustained trade imbalances (25 marks)

(1) Point: Less global trade Example: US had a trade deficit of $460bn in 2017 meaning more imports than exports, leads to protectionism (such as 35% tariff on Chinese tyres in 2010). Analysis: Reduces trade...
BG
Answered by Ben G. • Economics tutor
2669 Views

y=6x+9 , 3y-18x+9=0 Are these lines parallel?

3y-18x+9=0 , 3y=18x-9 , y=6x-3 , Both lines have the same value for m which means they both have the same gradient and are therefore parallel.
SL
Answered by Sean L. • Maths tutor
4005 Views

There are 2 banks, Bank A and Bank B. Bank A provides compound interest of 1.3%. Bank B provides interest of 3.5% for the first year and then 0.7% for each extra year. James wants to invest £250. Which bank provides the most interest after 4 years?

Bank A: £250*(1.013^4) = £263.25570.... , Bank B: £250 1.035 (1.007^3) = £264.2218.... , 264>263 therefore Bank B provides more interest than Bank A
SL
Answered by Sean L. • Maths tutor
3517 Views

Find the x-intercepts of the graph y=x^2+2x

At the x-intercepts of the graph, the line crosses the x-axis. This means that the y-value at these points equals 0. We must therefore make x^2+2x equal to 0 and simplify the equation. x^2+2x = 0 is the same...
HH
Answered by Harry H. • Maths tutor
7389 Views

What is a production possibility frontier?

A production possibility frontier, or PPF, is a line showing the maximum level of output in an economy of one good or group of goods in terms of another. At any point on this line, the economy is operating a...
HH
Answered by Harry H. • Economics tutor
3433 Views