By Kevin Boakes
ISBN-10: 0273722549
ISBN-13: 9780273722540
Examining and knowing Economics permits you to become familiar with the entire matters in contemporary economic system mentioned at size all over you glance within the media leaving you armed with a brand new vocabulary of key monetary phrases able to behavior your personal research subsequent time you learn a newspaper or hearken to the scoop for enterprise or excitement
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Additional info for Reading and Understanding Economics
Sample text
Everyone can see you; get inside,’ she yells out of the window, and the fumbling proceeds from there. And that, in a nutshell, sums up Google today: it dominates the internet and guides people everywhere, such as Marge, to the information they want. But it also 30 increasingly frightens some users by making them feel that their privacy has been intruded upon (though Marge, technically, could not have seen Homer in real time, since Google’s satellite pictures are not live). And it is making enemies in its own and adjacent industries.
11 1 INTRODUCING ECONOMICS: SCARCITY AND CHOICE This is normally defined as any sustained increase in the general level of prices for goods and services. It is normally measured by a consumer price index that records the monthly changes in a basket of goods and services reflecting typical spending patterns across different time periods and in different countries. QXP:M00_BOAK2540_01_SE_C00 12/11/08 14:45 Page 12 Article 1 Britain cuts back – but still goes on holiday You are required to read this and now make sure you understand them by putting them in your own words.
How have they done this? They have hired better-qualified teachers and employed many more of them than a state school could ever afford. According to the article, their consumers (the pupils) get more individual attention and support and better-quality teaching. Is there any hope for the pupils left behind in the state system? The answer is a definite ‘yes’ as long as they can maximise the opportunities available at their schools and achieve good exam results. The article suggests those children who can secure those excellent GCSEs and three top-grade A-levels within the state system perform just as well as those educated privately at great expense.