Recent content by ONoezzz

B Information Technology, 1st Year ^^

According to ABS, the latest Gini co-efficient is 0.331. Current inflation rate according to RBA is 1.3% If you want another question before you go to bed :P Describe policy responses and their effects in dealing with the economic issue of environmental management. Otherwise, super good luck to...

Lol yes you're right before I intended to type in "Describe some of the limitations on policy implementation." Sorry I was in a rush :S Thanks for pointing that out :) So yeah, the question really was: Describe some of the limitations on policy implementation. e.g. time lags, political...

In a centralised wage system, the government and the Australian Council of Trade Unions agree on minimum wages and specified working conditions under Federal Awards. e.g. Prices and Incomes Accords during 1983 - 1995. In contrast, the work conditions are negotiated between employers and...

Automatic stabilisers are changes in the budget influenced by economic growth and not a change in government policy. There are two types of automatic stabilisers - unemployment benefits, which increases in a recession and decreases in a boom; and the progressive income tax system - in a...

Impacts of International Organisations include: - diminishing protectionist policies e.g. Australia - Hawke government abolished tariffs, quotas and sales tax in 1988 and 1991 - free trade between countries - emergence of non-discriminatory (trade with other countries outside region) groups...

On here the website says registrations close 20th November, so there's still a lot of time to apply. You stay longer than overnight. For NCSS 2009 we stayed at Women's College (located inside Sydney University) for 10 days. I encourage all senior secondary students interested in IT...

Thanks for the rep :) Good luck for the rest of your exams! ^^

Thanks for adding that in :) Just the latest question again, if you couldn't see it: Outline the implications for Australia of protectionist policies of other countries and international organisations.

Appreciation refers to the rise in the value of the domestic currency against other foreign currencies. An appreciation would encourage domestic spending on foreign goods (as foreign goods are cheaper with a stronger currency) and discourage domestic exports (because the exports are more...

Social cost: social class divisions (upper class, middle class, lower class), poverty Economic benefit: encourages increases in education and skills. Btw, for the first question: the question stated MPS, not MPC. So the formula you should use is 1/MPS, not 1/1-MPC. k = 1/0.8 = 1.25...

Instructions: 1. Answer the question above your post. 2. Post another question. Vamanos! Calculate the simple multiplier for an economy in which the MPS = 0.8.

I second this. I need the money after not working for a month :P

I have Chem on Monday and then Economics on Thursday. Lol heck yeah I can't wait for 12:31pm on Thursday ^^ I have some Facebooking/MSNing/sleep to catch up on...

Right now my stress levels are at 5, as I have a week to study for Chem and a bit longer to study for Economics (thank God). Last Tuesday it was probably 11 (ahhh). During the exams I would say 8 - stressed but can still think.