price of uk goods; price of resources; inflation rates; productivity of resources; exchange rate; quality of uk goods; performance of economies; interest rates; protectionism; ease of information
4 of 21
TINS
time scale; income %; necessity; substitutes
5 of 21
SATS
stocks; availability of resources; time scale; spare capacity
6 of 21
HIPPIED
hdi; inflation; population; patterns; informal economies; externalities; distribution of welfare
7 of 21
ORANJ
objectives; resource conflicts; availability of resources; number of firms in the market; joint supply
8 of 21
GSMILE
government provision of SHED; subsidies; max prices; income redistribution; laws; education
9 of 21
SGRESD
sole buyer; government policies; rates of interst; economies of scale & exchange rate; supply; demand
10 of 21
ACID
admin costs; conflicting objectives; imperfect information; distribution of costs and benefits
11 of 21
mERIt
external benefit; reduced/lower incomes; imperfect information
12 of 21
DESTITUTES
deteriortion of worker's skills; standard of living; indirect and direct taxes; unemployment benefits; total economic activity; social costs
AD (X-M) decrease leading to GDP and employment decrease; fixed exchange rate; trade policy; exchange rates; rate of cost push inflation; slow down of GDP growth if a large effect
15 of 21
LIFEBIQE
living standards; investment and GDP; fiscal improvements; employment increases; balance of payments; inflationary boom; quality of life; environmental degredation and deterioration
16 of 21
CHAOS
credit crunch; higher negative impact due to multiplier; accelerator and wealth effects; austerity; overseas problems; supply side costs
(+) fiscal; research and development; expansion; equitable; signals (-) workers position; research and development complacency; consumer exploitation; suppliers
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