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Globalisation of the world economy has significantly improved our living standards. However, there are growing concerns, particularly in developed countries like Australia, that increased globalisation and outsourcing has significantly undermined the survival of the manufacturing industry such as motor vehicle industry in developed countries like Australia. It is in this context, answer the following questions:
(a) Do you support the idea of globalising the Australian economy? Why. Why not? In writing your answer, wherever possible, back up your arguments with the theory, research articles or statistical evidence.
Mr. John is experiencing high repair cost for his snack blending machine. He suspect that the machine is being blenderized by customers, who are irrate because of low blending machine reliability.
The United States was devastated through the Crash of 1929 and the following depression. What policies were enacted during the New Deal contain finance speculation and turbulence?
Find the linear supply function satisfying the following conditions: when the price is $4, there will be no supply. When the price is $11, there will be 600 units supplied.
What is the relative frequency of the first class? What is the cumulative frequency of the third class? The cumulative frequency for a class is 27. The cumulative frequency for the next (non-empty) class will be next class frequency minus 27.
Amy has $12 a week to go spend on coffee and pop. The Price of coffee is $2 a cup, and pop is $1 a can. Draw a graph of Amy's budget line. Can Amy buy 7 cans of pop and 2 cups of coffee a week? Can she buy 7 cups of coffee and 2 cans of pop a week..
For tax purposes, "gross income" is all the money a person receives in a given year from any source. But income taxes are levied on "taxable income" rather than gross income. The difference between the two is the result of many exemptions and dedu..
For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000 Should the firm shut down immediately ..
Would you look for another place to shop or continue to shop there but voice your dissatisfaction? What factors might influence your decision?
Which theory is more appropriate for the economy today? Why
Its rent is $80,000 per year. What is the marginal cost of a blood draw? What principle does your calculation illustrate?
First suppose that there is no population growth. Find the steady-state capital-labor ratio in the steady-state output level. Prove that the steady state is unique and globally stable.
The peanuts are the only thing to eat. In this economy with two people, one commodity and no production represent that possible allocations in a diagram, and explain why every allocation is Pareto efficient. Is every allocation fair?
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