Could someone tell me if they reckon what I wrote is enough to get an A*?
31- I spoke about how figure 2 shows falling out but said how it isnt really that significant. Also spoke about how there was a significant fall in employment but then evaluated by saying that it could be due to rising productivity. Then, spoke about how the percentage increase in imports were more than exports showing a lack of international competitiveness and a bit on the average growth rate.
32- spoke about how economic growth is caused by rising technology which allows for better productivity. Analyzed this to get to how this reduces unemployment in the man. industry. For services, I mentioned that the income elasticity of demand is high, economic growth leads to rising incomes, that means more demand and demand for labor is derivied with demand for the good.
33- Reasons for - Prevent rising unemployment, help to reduce the trade deficit, how steel is an essential good in other markets so it could have a knock on effect.
Reasons against - Cost involved, government failure, the risk of certain policies eg. protectionism to help improve competition.
Final judgement - depends on the type of intervention. How likely would gov failure be? In the short run, yes. In the long run, maybe not.
Of course, everything i wrote was written in much greater detail and evaluation but just as points, do you think its enough for an A*?