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Re: 2015 HSC Economics Marathon Discuss the varying impacts of global protection levels on the agricultural and motor-vehicle industries in Au (4) Agriculture: Global protection levels in the US, EU and Japan on the agriculture sector puts australian farmers at a great disadvantage. The high...

Re: 2015 HSC Economics Marathon Oh lol I made a typo Subsidies DO NOT lead to a retaliation effect

Re: 2015 HSC Economics Marathon Explain two reasons why a government would choose to use a subsidy instead of a tariff (4) Subsidies lead to a retaliation effect as it is an indirect form of protection. Tariffs cause a retaliation, and reduces level of imports into the economy. Domestic...

Re: 2015 HSC Economics Marathon Analyse how international organisations contribute to the growth of globalisation (5) International organisations play a main role in maintaining the financial stability and monitoring economies to maintain efficient functioning. The World Trade Organisation is...

Re: 2015 HSC Economics Marathon Describe two measures of economic development (2) The most popular method for comparing living standards between different economies is income (GNI), because it measures the ability of a nation’s citizens to satisfy their material wants. HDI: alternative to...

Re: 2015 HSC Economics Marathon Unsustainable economic growth can result in increased inflation (particularly demand pull inflation) due to the increase in demand for goods. The increase in prices due to inflation will result in the wage spiral index, involving individuals negotiating for...

Re: 2015 HSC Economics Marathon Explain the reasons for differences in the standard of living between two nations (4) Is this in relation to a case study?

Discuss the effects of protectionist policies on the global economy Should this essay be structured in the form of effects on developed economies, emerging economies and advanced economies or be structured just by the different effects of the protectionist policies

Re: 2015 HSC Economics Marathon yep okay thx

Re: 2015 HSC Economics Marathon Wouldn't the increase in retirement age increase the WAP?

Re: 2015 HSC Economics Marathon No it was GNI/ capita I assumed the unequal distribution of income because if there is a variation in GNI/capita then that could indicate an increase in inequality, which would lower the GNI/capita but not really affect the HDI...

Re: 2015 HSC Economics Marathon LF participation rate would increase if the Labour Force (i.e. unemployed + employed) was increasing. For the labour force to increase, more individuals will have to be actively seeking work to be classified as unemployed. The labour force participation rate...

Re: 2015 HSC Economics Marathon Yeah I thought it was weird too. This is what I wrote: The Human development index of economies may be similar due to the similar educational levels and literacy rate and similar life expectancies. However, GNI may be different due to the lack of social welfare...

Re: 2015 HSC Economics Marathon Explain why countries may have similar Human Development Index Levels but very different GNI per capita (2 marks)

Re: 2015 HSC Economics Marathon Increase in investment would lead to an increase in the level of national income (increase in investment leads to an increase in AD and thus GDP). Thus this continual increase in aggregate demand would cause an increase in the multiplier (increase in AD leads...

Re: 2015 HSC Economics Marathon You said monetary stance I elaborated and said loose monetary stance for clarification Sorry for clearing myself up -__-

Re: 2015 HSC Economics Marathon Loose monetary policy and expansionary monetary policy is the same thing... -.-

Re: 2015 HSC Economics Marathon I think these points weren't mentioned above 1) Limited supply of the good - when demand cannot be met by supply, the price for the limited good would increase --> thus inflation 2) Low interest rates (loose monetary stance)

Does acid rain have the potential to cause rusting or accelerate the process? (Fe(s) --> Fe2+(aq) + 2e-)

Thats what I thought too but answers had Geiger counter and I dont get why...