Poverty
5:Gave a point from the change in wages, but got 18.6%. Did we HAVE to do it from the min wage?
10 marker : Talked about fiscal drag and unemployment.
25: I talked about progressive taxes and benefits and evaluated. Then about relaxing health and safety and the increasing minimum wage. Concluded by saying that UK's way of redistrubution after income was better than supply side as it helps those at the bottom of society more which is more important.
How much did people relate to the EU etc? All I said was how euro crisis is increasing the inequality of income in european countries, like unemployment increasing etc.
Didn't mention training though, would my other supply side policies be ok? I wouldn't be penalized for missing it out would I? Also how much have people been quoting from the data, as coming out I realised I only did once.
Oligopoly
15: Did a kinked demand curve. Uncertainity cos of those firms pricing, difficulty if too high. Interdependency when an action has a large effect on another firm, especially when priced to low but unlikely to happen as then everyone has less revenue etc.
25: Defined Oligopoly,
Tax profits - but then less for r and d (dynamic efficiency)
Regulate and monitor through commissions and OFT - Reliability? expensive and can only advise.
Break them up - Lack of economies of scale
Price controls - less r and d
I didn't mention colluding though, and did say 'against what the public would want' etc. However I didn't mention anything about increasing competitiveness that much.. :/ Gunna be touch and go for the A I want...