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Eduqas WJEC A-Level Economics | 20 Mark Question Model Answers
June 2017
With the aid of a diagram, evaluate the likely impacts of statutory minimum wages in labour markets.
Markets dominated by large firms, such as Google, Facebook, Apple and Amazon can deliver
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Progressive Tax and Benefits | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)
One way of measuring inequality is the Gini coefficient, which compares the area between the Lorenz curve and the line of perfect equality to the whole triangle beneath that line:
G = A / (A
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External Economies of Scale | A-Level Economics Model Paragraph (AQA, Edexcel, OCR)
External economies of scale occur when all firms in an industry are able to benefit from lower long-run average costs.
For example, if the government announced a scheme which encouraged more people to