Describe the product that is being offered by Billy Tannery, using concepts from Block 4.

Description

Block 4

Note: Questions 1 and 2 should be answered using Case Study I (‘Circular economy’: the tannery making leather from billy goats)

Question 1

Describe the product that is being offered by Billy Tannery, using concepts from Block 4, Reading 31, and information from Case Study I. (20 marks)

Question 2

Evaluate the environmental issues that are mentioned in Case Study I, using concepts from Block 4, Reading 36. Analyse the driving forces that encouraged Billy Tannery to address these environmental issues, applying Peattie and Charter’s theory from Block 4, Reading 36, and using evidence from Case Study I. (25 marks)

Block 5

Note: Questions 3 and 4 should be answered using Case Study II (Bank of England cuts interest rates to all-time low of 0.1%)

Question 3

Describe the types of monetary policy, using concepts from Block 5, Reading 41. Identify the kind of monetary policy that the Bank of England has adopted, using concepts from Block 5, Reading 41 and evidence presented in Case Study II. (25 marks)

Question 4

Evaluate the expected economic effects of the interest rate cuts by the Bank of England on the UK economy facing the coronavirus crisis, using information from Case Study II and concepts discussed earlier in question 3. (20 marks)

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