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ASSIGNMENTS
18.08.2008
HOW WOULD THE UK’s ECONOMICS CHANGE?
1. A single currency (the Euro) would replace the £. The Euro would ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
FIXED EXCHANGE RATE SYSTEM
An exchange rate that is kept within a certain value. It is prevented from changing too ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
WHAT HAPPENS WHEN THE £ CHANGES IN VALUE?
EXAMPLE 1: EXPORTING (SELLING ABROAD)
SELLING A TABLE TO AMERICA. THE ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
PROTECTIONISM
The restriction of imports into a country by government measures
REASONS FOR PROTECTIONISM
• Prote ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
EXPORTS
Goods and services sold to foreigners by UK firms. The money received will enter into the UK.
VISIBLE EXPO ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
MEMBERSHIP
There are 15 existing members of the single market including the UK
FEATURES
- There is free trade between ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
MEMBERSHIP
There are 15 existing members of the single market including the UK
FEATURES
- There is free trade between ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
Exchange rate: - the price at which one currency is bought and sold for another
e.g.
£1 = $1.5 UK and USA
...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
The purpose of the balance of payments is to record of all financial dealings with foreigners
CURRENT ACCOUNT
The pa ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
18.08.2008
KEY THINGS TO CONSIDER IN INTERNATIONAL TRADE
• WHY DO WE TRADE WITH OTHER COUNTRIES?
• WHAT DO WE EXPORT (S ...
Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business

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