Test yourself

 Quick  Navigation

  1. Introductory concepts
  2. Market mechanism
  3. Elasticities  
  4. Market structures
  5. Market failures
  6. Macro activity/eco growth
  7. Inflation
  8. Employment & unemployment
  9. External Stability
  10. Income distribution
  11. Factors affecting economy
  12. Fiscal/Budgetary policy
  13. Monetary Policy
  14. Aggregate Supply Policies
  15. The Policy Mix
  16. Course revision


Economicstutor..com.au

Copyright © All rights reserved. Site administered by CPAP and content provided by Romeo Salla    

Email: admin@economicstutor.com.au     romeosalla@economicstutor.com.au


 Course notes quick navigation

1 Introductory concepts 2  Market mechanism  3 Elasticities  4 Market structures 5  Market failures  6  Macro economic activity/eco growth  7 Inflation 8  Employment & unemployment  9  External Stability  10  Income distribution 11.Factors affecting economy  12  Fiscal/Budgetary policy  13  Monetary Policy   14 Aggregate Supply Policies  15 The Policy Mix

Next page


How you are marked


The maximum score for each question is 100%. For every hint used, your percentage score is reduced by the ratio of that letter to the total letters required in the answer. For example, if the total number of letters within the gaps is 50 across the whole response, then each letter is worth 2 percentage points. Each hint will therefore reduce your score by 2 percentage points.


Previous page

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

1. Define the federal government's goal of equity in the distribution of income. 2 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

2. Discuss how a cut in the top personal income tax rate might impact on equity in personal income distribution. 3 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

3. Explain how a change in tax rates might contribute to a change in the gini-coefficient on household disposable income from 0.33 to 0.32. 3 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

4. Examine how the introduction of a carbon tax is likely to impact on equity in the distribution of income. Use an example to illustrate. 5 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

5. Distinguish between progressive, regressive and proportional taxes, giving an example of each type of tax in Australia. 6 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

6. Discuss how an increase in the GST to 12.5% might impact on income inequality. 2 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

7. Discuss one way that a lower gini-coefficient can have negative economic effects. 4 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

8. In terms of the possible trade-off between efficiency and equity, discuss how high levels of mining investment might lead to an increase in efficiency at the expense of equity. 4 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

9. Explain why higher global oil prices are likely to impact negatively on equity in personal income distribution. 4 marks

17. Explain why strong growth in China helps to boost the Terms of Trade in Australia 3 marks

10. Explain how a higher rate of unemployment is likely to impact on the goal of equity in the distribution of income. 2 marks