YED application

 Thanks to tutor2u https://www.youtube.com/watch?v=Ux1f5_6yHbY

Explaining the Economics Behind E-Cigarettes, Rational Behaviour & UK Government Policy

 Thanks to tutor2u https://www.youtube.com/watch?v=B55Kue-szF8&t=3s

Inflation and real wages

 Using https://www.visualcapitalist.com/charted-how-u-s-food-prices-have-surged-since-2021/

a) Explain whather real wages have increased or decreased over the 4 year time period

b) Given the huge increase in egg proices, what must be true about the weight allocatred to eggs when computtating the CPI.

c) how could you use this data to suggest to someone how to spend their nominal income to increase their real income

What is a tariff?

 Thanks to the BBC (video half way down) https://www.bbc.co.uk/news/articles/c0m90jjewd7o