Nah it was rival in consumption because the question specifically said internet speeds were slowing downWhat did you guys get for you the one that says: What is most correct up government regulatio. I choose C, Microeconomic reform require the removal of government regulation.
Oh and for the internet mc, did you guys say it's non excludable in usage.
Yes, that was one of the key things you needed to mention. The question had a focus on assessing the importance of macroeconomic policies in generating growth, and if you were to say it wasn't particulary effective during a period of high growth, it's also assumed you would expand to explain WHY it was ineffective on a fundamental level - Eg. Macroeconomic policies generated neglibile growth during the mining boom era's due to the boom in commodity prices (valuation effect) in conjunction with China's inelastic demand for Australian commodities. In the stimulus it mentioned something about how some of Australia's growth periods were due to luck, and what this refers to is how external factors in which the Australian economy has little control over have affected on our level of economic growth - This was one of the cases.Just wondering for question 26 in the long response did you guys end up talking about microeconomic reforms such as financial and labour market deregulation and tariff reform. And then talk about the macroeconomic plocies? Because I felt like macroeconomic polocies didn't really have an affect on Australias consistent economic growth early on, but it has kind of in the past 10 years especially since the gfc and slowing down of China.