1- Using the business economics concepts taught in the module, discuss the
following statements:

a- A large number of firms employ temporary workers- (20 marks) [Hintz
Students are advised to include the following concepts in their answer
globalisation, labou’ makets, demand and supply- Hypothetical

examples should also be included- Relating the question to additional

concepts from the module would lead to a better answed

b- The Bank of England reduced interest rate by 0.25 percent, the

Chancellor of the Exchequer reduced taxes by 5 percent and increased
government expenditu’e by 10 percent- (20 marks) [Hintz Students are

advised to include the following concepts in their answer

Macroeconomic objectives, macroeconomic policies- Hypothetical

examples should also be included- Relating the question to additional

concepts from the module would lead to a better answer]

c- Consumers obtain goods and services from several companies including
Sainsbuy, London Underground, the McDonald’s restauant, and the
hairdesser- (20 maks)