Learn Flashcards
1
Q
Advantages of being in eurozone
A
There is no barriers to trade
Uk can take advantage of cheaper labour in Western Europe
2
Q
Disadvantages of being in eurozone
A
Uk has to pay into the EU budget
Unrestricted EU immigration
3
Q
Unemployment on firms means less demand as less people with income
A
Yesi
4
Q
Factors to increase supply
A
A reduction in VAT
Subsidies from the government
An advance in technology
