Evaluate the microeconomic and macroeconomic effects on Indonesia of the volatility of prices of commodities such as coal
Edexcel A-Level Economics Paper 3 June 2018 Insert
With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects on Indonesia of the volatility of prices of commodities such as coal. (June 2018)
Plan
- Paragraph 1
- Argument: one microeconomic effect of volatile prices is low or unstable revenues for firms
- Diagram: fall in revenue diagram
- Evaluation: depends on PED
- Paragraph 2
- Argument: one macroeconomic effect of volatile prices is slow economic development
- Diagram:
- Evaluation: promotion of FDI or supply-side policies
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