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US-China trade

Tensions eased as China commits to import more from the US.

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Congestion

Question 1

Road traffic congestion has become an increasingly important issue in recent years. The only way to completely eliminate congestion would be a complete ban on road traffic, but this would not be a socially efficient solution.

  1. Why are people driving more?

  2. Why is road congestion and example of market failure?

  3. What are the private and external costs of congestion?

  4. Evaluate three alternative remedies for road congestion.

  5. Should the London congestion charge be applied to other UK cities?

  6. Why would a complete ban on road traffic be socially inefficient?

Question 2

The price mechanism works to allocate scarce resources in three main ways: to ration scarce resources; to send a signal to consumers and producers and; to provide incentives to reward certain kinds of behaviour and penalise other types.

Using these three concepts explain how road pricing works to reduce traffic congestion.


Alternative finance

Report on the growth of alternative finance.

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Sainsbury's-Asda merger

Sainsbury's and Asda confirm merger plans.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

Bank of England - cuts interest rates to 0.25%..more.

OECD - reducing income inequality will boost growth..more