All Affluence and Conformity notes and Summary Sheet
55 views 1 purchase
Course
Unit 3 - Business behaviour and the labour market
Institution
PEARSON (PEARSON)
Book
History for Edexcel A Level: Democracies in change: Britain and the USA in the twentieth century
7 page document containing all notes from Key Topic 1: Affluence and Conformity Sections 1-4 PLUS a revision summary sheet. These were the notes I used for this topic to receive an A* in History A-Level
Changing Party Fortunes, 1918-31 - Flashcards/Q+As
How far could the historian make use of sources 1 and 2 together to investigate the impact of second world war on the status of Black American workers?
Edexcel History A-Level: Britain Transformed 1918-1997 A* Quizlet Flashcards
All for this textbook (29)
Written for
A/AS Level
PEARSON (PEARSON)
Economics A
Unit 3 - Business behaviour and the labour market
All documents for this subject (152)
Seller
Follow
maddievcoughlin
Reviews received
Content preview
plan a response for the essay questions below (make sure your 25 mark plans include: The main
points, application you would use, diagrams you would use, supporting points + application,
evaluations + app and what your decision would be + recommendation) – I will be collecting these
in!
1. The trade-weighted exchange rate of the US dollar appreciated by over 20 percentage
points between January 2013 and January 2016.
(a) Assess the possible causes of this increase in the exchange rate of the US dollar. (15)
(b) Evaluate the possible economic effects of the appreciation of the US dollar. (25)
2. UK productivity, as measured by output per worker, was 25 percentage points below the
average for the rest of the major G7 economies in 2012, the widest gap since 1992.
(a) Assess the view that productivity is the most significant factor influencing the
international competitiveness of an economy’s goods and services. (15) (b) Evaluate the
impact of a fall in productivity on an economy. Refer to a country of your choice (25)
3. In Nigeria, a 70% tariff has been applied to imports of fully assembled motor vehicles. In
addition, increased tariffs of between 20% and 100% have been applied on certain
agricultural goods, such as wheat and rice.
(a) Assess the possible reasons why a country might impose tariffs on imports. (15)
(b) Apart from increasing trade barriers, assess factors which might explain changes in a
country’s pattern of trade with other countries. Refer to the principle of comparative
advantage in your answer and refer to a country of your choice. (25)
1. (a) Asses the possible causes of this increase in the exchange rate of the US dollar.
(15)
High Interest rates
- (AN) High IR would incentivise foreign investors to store their money in
US banks as they can receive higher returns for their savings and
therefore this would strengthen the currency as more people are
demanding it.
- (EV) However, interest rates are relative to international ones so even if
the Fed decided so increase IR in the US – if they are not high rates
compared to the rest of the world it is unlikely that they will see their
currency strengthen as investors will choose other countries to store their
money.
- (APP) The idea of relative IR was seen in the early 2000s when despite the
UK and US’s normally high interest rates – Iceland and Ireland were
attracting much greater levels of foreign investment because their
interest rates were extortionate.
High levels of Exports
- (AN) higher levels of US Dollars will be demanded in order to buy US
exports – this increased demand will subsequently strengthen the US
currency.
- (APP) this has been seen with China who had to devalue their currency
manually because it had strengthened so much due to their high levels of
exports
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller maddievcoughlin. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.38. You're not tied to anything after your purchase.
