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US-China trade

Tensions raised as tit-for-tat trade dispute escalates. 

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Alternative finance

Report on the growth of alternative finance.

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Question 1

Look at the PPF and decide whether the statements that follow are true or false: 

  1. R has the lowest level of unemployment.

  2. N is currently not achievable.

  3. A movement from M to L has an opportunity cost of C2 to C3.

  4. As more capital goods are produced the opportunity cost falls.

  5. A movement from R to S is impossible.

  6. T is likely to have the lowest standard of living in the short run.

  7. M is likely to have the highest standard of living in the long run.

Question 2

Production possibilities
Consider the information on Utopia, a hypothetical economy that can produce either rice or beans using all its scarce resources. The figures are in tonnes.

100 0
90 20
80 36
70 48
60 58
50 66
40 72
30 77
20 81
10 84
0 85
  1. Plot the PPF for Utopia, with rice on the Y-Axis, and beans on the x-axis.

  2. What is the opportunity cost of increasing production of rice from 30m tonnes to 40m?

  3. Comment on the situation experienced by Utopia if it produces 50m tonnes of rice and 50m of beans.

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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.

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