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AQA AS Level Economics- Supply and Demand Study Guide Exam And 100% Correct Answers 2024.

Composite Demand - Answer when a good is demanded for two or more distinct uses Derived Demand

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Accelerator Effect - Answer Capital investment is linked positively to expected growth of consumer

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Allocative Efficiency - Answer Occurs when the available economic resources are used to produce th

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What are the main characteristics of globalisation? - Answer Free movement of capital and labour a

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GDP - Answer Total value of goods and services produced within a country within a year GDP per

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Methods of dealing with over-consumption/under consumption of merit/demerit goods - Answer 1. Info

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Positive Statement - Answer A statement that can be tested to see if it's correct or not Normat

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Macroeconomics - Answer The study of behaviour of an economy as a whole Gross domestic product

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integrated resort - Answer major resort property that includes a hotel with a casino together with

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Asses the different types of tourism. - Answer -Domestic: trip takes place within a person's home

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