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IMF only has impact to AUstralia as AUstralia has funds stored with the IMF, but other than this the IMF will not in the foreseeable future intervene in the AUstralian economy. As we are not a developing economy the World BAnk has nothing to do with us.

- Increasing trade amongst nations - The large amount of financial flows thrughout the world - Convergence in tastes and government policy - TNCs and MNCs - CAD problems that are a feature of many economies. etc

33 trillion is the value of the ecosystem

Answer is 20 million

wanted to cool off inflationary pressures caused by the astronomical rises in housing prices in the mainland capitals.

what are compariative and absolute advantage?

A centralised wage fixing system is when the government or a government body sets the minimum standards for wages and conditions in workplaces as well as fixing wage increases, through fully or partially indexing them to the inflation rate

Its the foreign debt trap, not froeign debt spiral

Current account = Balance on goods and services + net incomes + net transfers

My mistake

You definetly need to refer to inflation, unemployment, economic growth and external stability when discussing macroeconomic policy objectives. The objectives of distribution of income and wealth and environmental management are not as important when discussing macroeconomic policy however a...

The study period for Trotsky begin in 1878 with his birth

Hisroriography is not important in a 2 unit modern essay. Discussing the differing views of historical schools over certain events is not required in the 2 unit course. This is what is covered in History extension. Putting historiography into a 2 unit essay only wastes your time, and also if...

For question 1 you needed to start before 1917, as Trotsky's public life began in 1905 when he was the head of the Petrograd Soviet.

NAIRU- Non Accelerating Inflation rate on Unemployment, this is the point where employment is at its lowest without causing inflation due to structural problems in terms of lack of supply of labour.

Types of unemployment- Structural, cyclical, long term, seasonal, hard core

He may have attempted to undermine him at that time but as the power struggle occured 1924-1927 many of the old Bolsheviks were still alive and most of the populace still thought of Trotsky as their saviour in the civil war thus making Stalin's attempts at self glorification totally useless. The...

If the daily telegraph say it had 3 unit in it, its conclusive proof that there was no 3 unit in it.

This is irrelevent in how he won the power struggle as he wrote his history of Russia after Trotsky was expelled from the party and exiled to ALma Ata. The way in which he won the power struggle mainly deal with the fact that Stalin politically outmanouvered Trotsky. ALso STalin supported the...

This test although difficult from 8b) onwards definetly did not have any 3 unit in it, I am a 2 unit student only and I had enough knowledge from doing only 2 unit to be able to answer all of the questions if time had not had been an issue.