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    (Original post by phoebe230253)
    this is probably a really stupid question but what are the policies to reduce high inflation (because of cost-push inflation) ?
    The thing with cost push inflation is that there's not really any solid way for a government to counteract it since the cause is out of their hands e.g. the rising price of oil isn't something that Cameron or the Bank of England can do anything about

    Some things that can be done include:
    Reducing firms' costs in other areas in order to counteract their rising costs of raw materials. This could be in the form of reducing corporation tax or limiting rises in fuel duty

    A series of supply side policies also aimed at reducing costs e.g. investing in research and development in order to find new and improved production methods which reduce production costs. Investing in renewable energy could also be an option so that, in the long run, firms can move away from using oil which is constantly rising in price
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    If an essay came on
    recession in USA impact on UK economy
    and EU enlargement effects on UK

    what would you write
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    (Original post by Kieran?)
    The thing with cost push inflation is that there's not really any solid way for a government to counteract it since the cause is out of their hands e.g. the rising price of oil isn't something that Cameron or the Bank of England can do anything about

    Some things that can be done include:
    Reducing firms' costs in other areas in order to counteract their rising costs of raw materials. This could be in the form of reducing corporation tax or limiting rises in fuel duty

    A series of supply side policies also aimed at reducing costs e.g. investing in research and development in order to find new and improved production methods which reduce production costs. Investing in renewable energy could also be an option so that, in the long run, firms can move away from using oil which is constantly rising in price

    that was really helpful, thank you ! =D another quick question, you know the principles of taxation? how would we incorporate that into an answer?
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    (Original post by President M.E.)
    Hi can anyone tell me what the consequences for the UK are of say Croatia joining the EU? Really stupid question but I've forgotten it all
    Good:
    Croatians may fill skill gaps in the UK job market

    It opens up a greater opportunity for trade for the UK. Since the UK mainly specialises in supplying services and high tech goods, the market is very saturated since most Europeans already have all the services and high tech goods that they need. When Croatia joins the EU it will be a whole new market for the UK since the market for our goods in Croatia will be less saturated than it is in the EU currently. This opens up a greater chance for the UK to benefit from economies of scale and reduce prices.

    Croatia will be yet another country where UK firms can move capital to in search of lower costs of production e.g. when Cadbury moved factories to Poland

    Bad
    Free movement of labour could put pressure on UK public services and infrastructure

    'UK jobs' being taken by Croatians

    Since Croatia's economy is rather weak they will be net recipients of EU funding meaning that UK funds will be sent to Croatia to help boost their economy
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    (Original post by phoebe230253)
    that was really helpful, thank you ! =D another quick question, you know the principles of taxation? how would we incorporate that into an answer?
    I've never heard of the principles of taxation to be honest with you
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    is it really risky that I havent revised anything on globalisation ? xxx
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    (Original post by phoebe230253)
    is it really risky that I havent revised anything on globalisation ? xxx
    nah but it might mean you have to do the EU context
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    didnt see this thread been looking at a dead one, but has anyone got a document or something with revision notes separated into the different topics which can come up?
    i.e. one on exchange rates, one on international trade, etc. - i cant go through the text books when theres a number of chapters which all overlap each other its kills my brain
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    (Original post by jordanrimmer)
    didnt see this thread been looking at a dead one, but has anyone got a document or something with revision notes separated into the different topics which can come up?
    i.e. one on exchange rates, one on international trade, etc. - i cant go through the text books when theres a number of chapters which all overlap each other its kills my brain

    This is pretty useful for analysis

    http://www.tutor2u.net/economics/revision-notes/
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    (Original post by Kieran?)
    I've never heard of the principles of taxation to be honest with you
    Possibly means the Cannons of Taxation (Adam Smith)
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    (Original post by Axion)
    nah but it might mean you have to do the EU context
    Globalisation came up in Jan though in for the context.

    An Eu question hasn't come up for a while.
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    For protectionist policies can someone please explain what an export subsidy is?
    It shifts supply out so does that mean domestic consumers will find domestic products cheaper? How does this help exports? thanks
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    (Original post by bestfriends33)
    For protectionist policies can someone please explain what an export subsidy is?
    It shifts supply out so does that mean domestic consumers will find domestic products cheaper? How does this help exports? thanks
    An export subsidy is where the government gives domestic exporters low-interest loans or tax relief so that they can export their goods more cheaply, which therefore improves their competitiveness.

    In this way, domestic consumers would pay more for a product than the foreign consumers importing it, so it encourages exports
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    (Original post by Lako)
    An export subsidy is where the government gives domestic exporters low-interest loans or tax relief so that they can export their goods more cheaply, which therefore improves their competitiveness.

    In this way, domestic consumers would pay more for a product than the foreign consumers importing it, so it encourages exports
    But then how is this a protectionist policy? It encourages trade? If domestic producers would pay more for a product then wont this encourage importing? Thanks
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    (Original post by bestfriends33)
    But then how is this a protectionist policy? It encourages trade? If domestic producers would pay more for a product then wont this encourage importing? Thanks
    they are PROTECTING uk exports.

    lol, a classic case of overthinking
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    Please can someone explain to me about increasing the money supply. QE? How does it cause inflation and how does it cause growth?
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    (Original post by Ecomax)
    Possibly means the Cannons of Taxation (Adam Smith)
    there might be different names for it but we only need to be aware of them, its just based on the notion of ability to pay, flexibility and impact on incentives that the tax system has
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    whats the difference between a fiscal dividend and fiscal drag?
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    How does FDI from India to UK help the Indians
    and how does FDI from India to UK helps the Brits?
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    If there is a decline in another country how does that affect the uk? Those questions come up a lot! Does anyone know rough points for an essay on this?
 
 
 
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