OCR 2888: Economics in a European Context Watch

lizi100
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#421
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#421
(Original post by DaveyBoy06)
If a university offers you a conditional place at uni that says you need to achieve 300 Ucas tariff points and you get 290.. is there a chance you could still get in? Would u have to ring up and practically beg or would you have no chance at all?
Definatly ring up!!! Never know what they will say. worst come to worst you will be rejected, but at least u know u tried to persuade them
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myxm7
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#422
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#422
(Original post by Alessandro_22)
There are interventions in the price mechanisims, subsidies and taxes

Command and control measures such as regulations and fines

Market based incentives such as the carbon emission eu scheme
brilliant thanks a lot. i've lost marks in the past for failing to make clear distinctions between types of intervention.
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Alessandro_22
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#423
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If its 290 the university may accept you, you can check the night before on UCAS, if they don't then you beg
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DaveyBoy06
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(Original post by Alessandro_22)
If its 290 the university may accept you, you can check the night before on UCAS, if they don't then you beg
You mean check UCAS the night of the day you get your results? Do they accept or decline you as soon as you recieve your grades then? And then they update the UCAS website? Its just im really worried about this exam!!
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Alessandro_22
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Yeah that was my idea on drawing it that way and yeah thats the one discussed in the material and information/education in my opinion would fall under command and control measures don't you think?
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Lili!
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#426
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#426
Tutor2u thought of the graph! :p:

"Extra regulations are likely to increase fixed costs of car manufacturers. A rise in fixed costs has no effect on marginal cost - it simply causes an upward shift in the AC curve - so car producers ought not to raise their prices to consumers".

They were talking about regulation here, as a couple of sentences before they said "regulation does not bring in any direct tax revenue flows..". I understand this, I just don't get what would happen if a tax was applied.. surely that would cause AC and MC to rise?
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Alessandro_22
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#427
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I thought he meant in this thread, thats how I've learnt to add taxes since start of A2
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alex_hk90
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(Original post by Lili!)
They were talking about regulation here, as a couple of sentences before they said "regulation does not bring in any direct tax revenue flows..". I understand this, I just don't get what would happen if a tax was applied.. surely that would cause AC and MC to rise?
I would just use a supply and demand diagram to show the effect of a tax, with the supply curve shifting inwards and the relative elasticities determining the incidence of the tax.
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Lili!
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#429
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hehe well your teacher is much better than mine! in the tutor2u toolkit, it said that graph was for regulation? (where AC rises but MC stays the same).. But do you think that's the same for taxation too? surely they should be different? would a tax increase MC and AC? ach, so confused!
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Lili!
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(Original post by alex_hk90)
I would just use a supply and demand diagram to show the effect of a tax, with the supply curve shifting inwards and the relative elasticities determining the incidence of the tax.
Yeah I guess that would be a lot easier! I was just wondering about the effect on AC and MC though.. but doesn't matter! If it's not gonna get me any marks then I'll forget about it for now!
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Alessandro_22
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#431
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I think you should only use it for regulation, for taxes draw a supply and demand just to be safe
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bbc_18
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#432
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whats the definition of globalisation?
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Alessandro_22
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#433
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#433
Simply making the world into one village as my teacher put it
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bbc_18
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#434
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#434
(Original post by Alessandro_22)
Simply making the world into one village as my teacher put it
would i be able to use that in the exam?:confused: :confused:
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bbc_18
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#435
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#435
And also, is there a definition for transition economies? Are these just the CEE countries?
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Alessandro_22
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#436
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LOL! Sorry you wanted a definition;

"integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology"
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myxm7
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#437
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(Original post by alex_hk90)
I would just use a supply and demand diagram to show the effect of a tax, with the supply curve shifting inwards and the relative elasticities determining the incidence of the tax.
what would you say about elasticies, if there is a large difference in elasticies between the two supply curves; social and private this makes the tax more powerful? cheers
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invicta
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#438
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quick question really: what factors affect international competitiveness?... just thought it might come up in one form or another
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Alessandro_22
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#439
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#439
(Original post by bbc_18)
And also, is there a definition for transition economies? Are these just the CEE countries?
No they are countries that are converting from central planned economies governed by the state to economies which have no intervention or a free market.
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boyz123
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#440
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#440
(Original post by invicta)
quick question really: what factors affect international competitiveness?... just thought it might come up in one form or another
Inflation , overvalue exchanged rate some more but i couldn't think of now
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