Benefits of trading blocs Study guides, Revision notes & Summaries
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Edexcel A-level Economics Theme 4 questions and answers.
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Globalisation 
Increased interdependence between countries and the rapid rate of change it brings about 
 
 
 
Factors contributing to globalisation (5) 
Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) 
 
Improvements in IT and communication (Allows global operations) 
 
Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) 
 
International financial markets (Raising money and transferring it globally) 
 
TNCs (Low p...
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AQA Economics - The Global Economy Paper 2 Exam And Answers 100% Pass 2024.
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What are the main characteristics of globalisation? - Answer Free movement of capital and labour across International boundaries, free trade between countries and the availability of technology and intellectual capital to be used on an international scale 
 
In the last 50 years, why has the scale and pace of globalisation increased? - Answer Trade liberalisation - removal of tariffs etc. may negotiate these with WTO. 
WTO raised standards on global products - to increase consumer confidence...
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Edexcel A-level Economics Theme 2 /Edexcel A-level Economics Theme 4 Revision study Quide Detailed Explanations For Quality Revision 2023 Final Pearson Edexcel A-level Economics Units
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Edexcel A-level Economics Theme 2 /Edexcel A-level Economics Theme 4 Revision study Quide Detailed Explanations For Quality Revision 2023 Final Pearson Edexcel A-level Economics Units 
 
 
 
 
 
 
 
 
1.	Macroeconomics: The study of the economy as a whole, including inflation, growth and unemployment. 
2.	Aggregate demand: The total of all demands or expenditures in the economy at any given price. 
3.	Aggregate demand curve: Shows the relationship between the price level and equilibrium nationa...
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Unit 5 - International Business (Assignment 1) [DISTINCTION] P1 P2 P3 P4 M1 M2 D1
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Throughout this model essay concerning international business, I go into every detail needed for you to get that distinction you thrive for. I venture into why businesses operate in international markets giving justified reasons all the way. I go into all of the types of finance they use to allow them to trade across the globe. 
 
I provide the main features of what makes up a global business, the trading blocs they are included in and their respective impacts on international trade. I analyse t...
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Global governance - Economic, A level Politics Exam Questions and Answers
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What are some examples of economic globalisation since the late 20th century? - ANSWER-- Trade in goods and services 
- Foreign direct investment i.e. firms outsourcing production overseas - multinational and transnational companies 
- Foreign portfolio investment i.e. trading of shares & bonds across national boundaries, development of global financial 'centres' e.g. City of London 
- Hot money flows - moving money balances overseas e.g. for tax avoidance, or to pursue higher interest rates 
...
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WGU D080 Global Business Exam 2023 with Complete Solutions
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Cost - ANSWER-Economies of scale and scope. Exploiting cost of factors of production 
 
Competition - ANSWER-New Markets and increased levels of trade 
 
Government - ANSWER-Favorable policies and support for industry 
 
Subsidies - ANSWER-A sum of money granted by the government to assist an industry or business 
 
Patents - ANSWER-Protects inventions and improvements to existing inventions for a limited period of time in exchange for detailed public disclosure of those inventions 
 
Copyrights...
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A-level ECONOMICS Paper 2 Specimen Assessment Material Mark scheme 100%
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Level of 
response	An answer that:	Max 
9 marks 
 
 
 
 
3	•	is well organised and develops one or more of the key issues that are relevant to the question 
•	shows sound knowledge and understanding of relevant economic terminology, concepts and principles 
•	includes good application of relevant economic principles and/or good use of data to support the response 
•	includes well-focused analysis with a clear, logical chain of reasoning 
•	includes a relevant diagram that will, at the ...
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Edexcel A
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Edexcel A 
level Economics 
Theme 4 / Edexcel A Level 
Economics (A) Question 
Paper 2 June 2023 
Globalisation - CORRECT ANSWER-The process in which national economies have become increasingly integrated and interdependant 
Trade liberalisation 
Trading blocs 
Growth of MNCs 
Technological advances 
Greater mobility of labour and capital - CORRECT ANSWER-Causes of globalisation (5) 
Advantages of globalisation (5) - CORRECT ANSWER-Lower prices 
Benefits of trade 
Greater employment 
Large econo...
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Introduction to Global Business Gaspar 2e TestBank Introduction to Global Business Gaspar 2e TestBank
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Introduction to Global Business Gaspar 2e TestBank Introduction to Global Business Gaspar 2e TestBank 
 
Testbank 
Introduction to 
Global 
Business 
Gaspar 2e TB1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment. 
a. True 
b. False 
ANSWER: False 
2. Key aspects of globalization include the elimination of barriers to trade and information technology. 
a. True 
b. False 
ANSWER: True 
3. The world economy is quickly shifting away fr...
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Test Bank For BUSN 5 5th Edition by Marcella Kelly
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TEST PLANNING TABLE FOR CHAPTER 3 
 Learning Objective 
Easy: Knows Basic Terms and Facts 
Moderate: Understands Concepts and Principles 
Challenging: Applies Principles 
3-1: Discuss business opportunities in 
the world economy 
1, 2, 9, 12, 93, 99, 100 
3, 4, 5, 6, 7, 8, 10, 11, 94, 95, 96, 97, 98, 101 
102, 103 
3-2: Explain the key reasons for 
international trade 
13, 18, 19, 20, 
104, 105, 112, 115 
15, 16, 17, 21, 22, 23, 106, 108, 114 
14, 24, 25, 107, 109, 110, 111, 113, 116, 117, ...