Read- High tax rate harms UK economy :
a. incentives to work
b. brain drain
c. Laffer curve
e. labour mobility
f. tax evasion vs tax avoidance
Good for discussing:
a. fiscal austerity
b. Eurozone debt crisis
Good for discussing factors that affect international competitiveness on the A2 course
Read- Childcare costs in UK soar :
Good for ideas on:
a. child poverty
b. labour market immobility
c. supply side policies
Read- Swiss franc intervention
a. Currency wars for 2011-2012 have started early this academic year - protectionism
b. beggar thy neighbour policies
"At the end of the Parliament, you will be able to use these benchmarks to hold your government to account over whether our economy is more stable, more balanced and more competitive.
We've set them out in detail on our website so you can see exactly what we're proposing. Then, as you have already done with David on our NHS and education policies, you can ask me any question about our plans for economic growth.
You can also vote on any of the questions that have been submitted, so that next week I'll be able to answer the most popular questions in a live webcast."
So, ask George ANY QUESTION about their plans for economic growth....of course you may not get an answer....unless people vote.
On the left we see a supply curve.
As you can see, the supply curve goes up from left to right.
OK so far?
As the price rises, there will come a time when a lot of firms join the industry. Surely then the supply curve would flatten out?
Also, as production incrases, firms will get economies of scale - so surely the supply curve will shift to the right?