Economics · Oct / Nov 2024 · Paper 23 · Question 2
2281
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Luxembourg is a country with a high level of economic development. Its government intervenes in an attempt to overcome some of the disadvantages which might exist in a market economic system. Some of the country’s firms operate in competitive markets but some are monopolies. Households in the country save a high proportion of their income. Immigration is the main cause of the country’s growth in population.
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2(a)[2]
2(b)[4]
2(c)[6]
2(d)[8]
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