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    Rough grade boundary for a C?
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    (Original post by Bigpaddy27)
    I did... 1st arg- solves a partial market failure associated with the consumption of the negative externalities, smoking being a demerit good. Regulation through the use of taxes would reduce the qd and solve failure. Evaluated- weak demand may be price inelastic due to addictive nature thus tax would not be effective.

    2nd arg- inequitible to place a tax on firms as it may lead to job losses within the industries, quoted sources not too sure what else.

    conclusion- compared underlying issue of gov failure v mkt failured, subsidising cig alternatives may be best soloution etc and then rounded it off.
    great, thank you!!!
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    Hi what were the exact questions in the paper?
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    (Original post by studenta2016)
    Hi what were the exact questions in the paper?
    Go revise.
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    (Original post by harrydunn11)
    Mmm not bad multi choice was quite difficult, did context 1. 5, 8 and 12 markers went ok. For 25 marker I said AD would shift because lower value of pound causes improvement of current account by exporting more and importing less. Unemployment falls and GDP increases, inflation also increases then showed a diagram of AD shifting right. For some reason decided to talk about LRAS shifting to the left as Extract C said a fall in pound would lead to decrease in standard of living so I said workers would be demotivated so productivity falls therefore LRAS would not grow as much or shift left as shifting left is easier to show on diagram. This then results in a positive output gap so more inflation but high employment (is that all right?). You can evaluate all this by saying the amount of inflation and employment there is depends on how much spare capacity the economy has I.e where AD is on the LRAS curve.
    What did anyone else write?

    hi i know this reply so late but you know for context 1 if you remember it was to do with a fall in value of pound caused by a fall in exchange rate is it wrong if i kept talking about the fall in the exchange rate more so then the fall in the value of the pound because they lead to the same effects
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    (Original post by Narutoss)
    hi i know this reply so late but you know for context 1 if you remember it was to do with a fall in value of pound caused by a fall in exchange rate is it wrong if i kept talking about the fall in the exchange rate more so then the fall in the value of the pound because they lead to the same effects
    I used them interchangeably. It's always best to primarily stick to the wording of the question, though.

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    (Original post by Edminzodo)
    I used them interchangeably. It's always best to primarily stick to the wording of the question, though.

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    do you think ill loose a lot of mark because i feel like its not directly answering the question but at the same time it is because they have the same effect and one causes the other.
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    has the paper been leaked. we have a mock exam tomorrow would be sweet to get hold of it
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    (Original post by sarwar2481)
    has the paper been leaked. we have a mock exam tomorrow would be sweet to get hold of it
    Go revise
 
 
 
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