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Re: 2015 HSC Economics Marathon Wouldnt export competing industries be worse of - their inflation is increasing making Ms cheaper and more internationally competitive... or have I mixed it around

Re: 2015 HSC Economics Marathon What I meant is that the domestic firms (exporters) will have reduced costs as their workers will demand higher wages - this will be better for import competing firms...

Re: 2015 HSC Economics Marathon Export competing firms will not benefits from domestic inflation as the prices of their goods and services will increase, leading to a reduction in international competitiveness and thus reducing X levels and X revenue overall. Import competing firms will...

Re: 2015 HSC Economics Marathon Talk about how the contractionary fiscal stance (Taxation > Gov spending) and how that will lead to a budget surplus and how the gov can use the budget surplus to reduce the CAD. Also explain how the automatic stabilisers determine the contractionary stance...

Re: 2015 HSC Economics Marathon thx! :)

Re: 2015 HSC Economics Marathon Market failure occurs when the price mechanism takes account for the private benefits of production but neglects the social costs that the production brings such as pollution and environmental damage. Thus due to market failure, natural resources such as fossil...

Re: 2015 HSC Economics Marathon I have never heard of the A curve either and I tried searching it up and couldn't find anything... Any possible links?

Re: 2015 HSC Economics Marathon An increase in productivity would result in an efficient allocation of resources in an economy. Thus efficient and productive production of goods will lead to lower prices and thus increase export competitiveness. This will lead to an increase in export...

Re: 2015 HSC Economics Marathon Explain how ONE labour market policy may influence the level of structural unemployment 3

Re: 2015 HSC Economics Marathon Explain how a deterioration in the terms of trade will impact on the Balance of Payments 5

Re: 2015 HSC Economics Marathon Discuss the role of the government in attempting to achieve environmental sustainability 5 This questions seems very broad - would you talk about regulations, market based policies, international agreements and targets under this question, and also briefly...

Re: 2015 HSC Economics Marathon Why would there be higher levels of foreign investment into an economy as it becomes more economically developed?

Identify health areas where epidemiology may be difficult to measure accurately. 3 marks A limitation of epidemiology is that it does not measure all areas of health as they are difficult to measure. For example, it is difficult to measure the level of mental illnesses in a given population...

Re: 2015 HSC Economics Marathon An improvement in the BOGS indicates that there is an increase in X revenue. Generally an increase in X revenue means that economic activity is increasing due to the increase in aggregate demand as AD= C+I+G+(X-M). Furthermore, when X revenue increases, business...

Re: 2015 HSC Economics Marathon You should also mention how when the labour force expands (i.e. more unemployed + employed) that the labour force participation will increase and simultaneously, the unemployment rate will fall.

Re: 2015 HSC Economics Marathon Don't make predictions they get you nowhere in life :P

Re: 2015 HSC Economics Marathon Explain how the RBA's inflation targeting contributes to its objective of price stability. 4

Re: 2015 HSC Economics Marathon You could possibly say that since market based policies can be taxes, they generate revenue for the government - and the government can direct this revenue to other solutions to address environmental problems.

Re: 2015 HSC Economics Marathon In the balance of payments, if export revenue exceeds import revenue, then the BOGs will improve and the Australian dollar will appreciate (as the demand for the Australian dollar will be increasing to purchase Australian exports). This appreciation of the...

Re: 2015 HSC Economics Marathon What are some specific examples of international agreements that have been ineffective in the management of the environment?