When people hear that I am an economist, I often get asked for advice for buying and selling shares; I don’t know why because I am completely hopeless at knowing which shares to buy. To be honest, I don’t buy any shares for the very good reason that I don’t have any money to invest. …
Question OCR 2887: Discuss whether the EU should set strict regulations for CO2 emissions on new Cars? (20) By 2012, the EU is aiming to limit pollution from cars to 130g of CO2 per kilometre. Reasons for regulating CO2 emissions. 1. Pollution from cars is a negative externality. Driving a car causes harmful effects to …
Readers Question: Discuss the Impact on Czech Economy of a decline in the Car Industry. The car industry plays an important role in GDP of Czech (16% of economy is Car industry) (19% of export revenue) and jobs. BTW: Skoda is the main car. A decline in the car industry would lead to lower exports …
A report by the European Union EU, found that on average UK car prices were 10% higher than in EU. In some cases, the difference in price could be much greater. Some people have taken advantage of this price difference to buy a new car on the continent. [BBC report] OCR exam question: Discuss factors …
(b) Discuss whether high profits and the dominant market share in the banking sector suggests that there should be more government intervention – either through windfall taxes or regulation of prices. (30) British banks are highly profitable. They made a combined profit of £42 bn in 2007. Despite effects of credit crunch, banks have seen …
Readers Question: Tax changes in recent years have brought a significant increase in tax burden in the UK expressed as a percentage of GDP. Can you please assess the possible impact of such an increase? An increase in the burden of tax from say 35% of GDP to 38% of GDP could have the following …
Readers Question: If British industry was to become uncompetitive it would have the following adverse effects on the economy: one of them is a higher level of inflation. How to explain that? If British industry becomes uncompetitive it means that basically, the UK’s cost of production is rising faster than our international competitors. For example, …
Readers Question: I just apply the theory and I am not sure whether I have to tell the truth in the economics exams ? It is good to tell the truth, you can’t make things up. Especially when it comes to economic theory. However, often you might get asked questions where the answer is uncertain. …