Search results

The first one relates to the forces of demand and supply to maximise utility. the second is about giving up one good to buy another (opportunity cost), this implies consumer sovereignty in deciding what is produced by the economy.

I don't know for certain but I would guess a combination of cost-push and demand-pull deflation on the necessity goods. I.e. Costs came down because of the fall of the price of oil (cost-push) and expectations of the future economic climate (demand-pull). Also I doubt know the output figures...

This does until 96... MrWood.com.au - Economics - Goal Statistics: Australian Unemployment Rate

Terms of trade relates to the amount of imports we can buy relative to how much we export (it doesn't include volumes as you know). Therefore a detrioration in the terms of trade reduces our ability to purchase imports (sustainably).

Well the RBA's target rate is 2-3%, not below 2%... So you could talk about the government's attempts to sustain predictable inflation through fiscal stimulus to prevent deflation. Just need to find a less convoluted way of saying it... Contractionary fiscal policy will also reduce inflation...

Lentern you have a long way to go in maturing. You may have some knowledge or readings of past political discourse but your morals are AWOL. Don't go demanding knowledge of people ("breeds ignorance"), people all have a choice in leading their life, it's not your place to force anything on them...

No you guys don't defend a party, you defend their libs rhetoric. The problem is that labor is now closing in and copying the libs rhetoric in many areas... Just because people defend a party in a different way it does not mean that those die-hards don't exist.

Thats the theoretical side isn't it? and I know there are difficult choices to be made, but there is always difficult choices to be made as we weigh up the benefits we take up for ourselves and the benefits we give to the next generation. I.e. things like debt for stimulus packages...

Some of the reasons attributed to the Great Depression/GFC are business confidence, weak demand or over supply. Sure this sounds great in theory but I fail to see how in a practicle sense this can be true... how can having too much of a product be a bad thing, how can 'excess labour' be a bad...

1) Increased risk of financial contagion. That is that the value of these investments collapse causing huge loses in the originating country. 2) Increased interdependency. That is where the interests of each country conflict, but because of the close economic relations these countries cannot...

Implausible is not the right word. I find it unclear. Implausible: having a quality that provokes disbelief; "gave the teacher an implausible excuse" farfetched: highly imaginative but unlikely; "a farfetched excuse"; "an implausible explanation" However I love the way you worked in the...

uh oh... We just had an assessment task, and I focused on the genders in themselves and not their depiction, because if I focused on their depiction then I knew I would fall into the disempowered female gender paradigm... because our current perceptions of power (values) reflect a male...

I'm disliking our current economic paradigm less and less (not the recession the whole damn thing...) anyone up for a revolution?

Yeah my project will feature on the discourse of the evolution of the corporation.

Equal opportunity! Besides 'mixing' with other socio-economic groups is healthy and broadens one's views. My view, private schooling is fundamentally wrong, and helps segregate populations, and in it's worst case creates classes. Private health should receive 0 public funding but should...

Figgin awesome ;) I'm doing the something along the lines of the rise of the corporate state. How Corporations have gone from chartered agenda's to almost independency. Having trouble defining my limits but My teacher told things should work out.

there's a difference between knowledge and skill. I find orators less powerful if they stutter or have a lisp, but doesn't make them any less knowledgable. You guys need to define knowledge properly. By the line of argument that you guys are saying I could state that "all humans need is...

You put a lot of faith into theories... The idea of capitalism states that everyone can satisfy their wants through the markets, and through economies of scale the dominating consumption will relfect the dominating beliefs and be almost synonymous with democracy. However we by no means have a...

Communism is a powerful force because it can believe in something greater than an individual's consumption. Capitalism has lead us to satisfy our needs, and then a lot of our wants, but forgets to outlay the consequences. The suffering, or working conditions differential between developed and...

there's a difference between knowledge and skill. I find orators less powerful if they stutter or have a lisp, but doesn't make them any less knowledgable.