Business Economics Part 1 Introduction The term TPP is an acronym form of the Trans-Pacific Partnership that is a trade agreement between the various countries. This agreement is developed between those 12 countries that are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, […]
Microeconomics Question 1 MULTIPLE CHOICE ANSWERS NO 1 2 3 4 5 6 7 8 9 10 Answer D C C B D C A B C A Question 2 2.1 Distinguish between an increase in demand and an increase in quantity demanded As per […]
Economic Development Introduction The government applies several policies to make changes in economic environment of the country to ensure the socio-economic development. In relation to this, this report analyses the economic aspects mentioned in the article, “Australia,” IMF Country and a news article, “New duty […]
Economic Oligopolies in Australia Introduction An Oligopoly is a market structure where a small number of sellers have the majority of market share. They have a control over the supply and market prices. It is a state of limited competition. The product in this market […]
Macroeconomics Data Question Introduction In the words of the Hubbard et al. (2012) economic is a science and art that is used to analysing the production, distribution and consumption of the good and service within an economy. The concept of the economic can be […]
Microeconomic Assignment QUESTION 1 MULTIPLE CHOICE ANSWERS NO 1 2 3 4 5 6 7 8 9 10 Answer D C C B D C A B C A QUESTION 2 2. 1 Distinguish between an increase in demand and an increase in quantity demanded […]
PACC6007 Economics Question One a) Calculating the equilibrium level of real GDP in this economy Equilibrium GDP (Y) = C + I + G + X – M Y = C + I + G + X – M Here, C = consumption expenditure, I […]
THE ECONOMIC ENVIRONMENT OF BUSINESS 1. Introduction The automobile industry is one of the growing industries in the UK; the growth of the industry has decreased as a result of Brexit. In the year 2018 the industry has shown a growth of 3.4%. In this […]
Part B: Macroeconomics Question : Consumption of fixed capital: $AUD 285 billion Gross private domestic investment: $AUD 725 billion Government consumption expenditures: $AUD 720 billion Government investment expenditures: $AUD 165 billion Imports: $AUD -550 billion Exports: $AUD 625 billion Household consumption expenditure: $AUD 3010 billion […]
Introduction to economics N assignment-ECO100 (1705712) Answer 1 Marginal Private benefit and marginal private cost (supply) of education in China are : P = 100-0.1QD P= 10+0.1QS Market equilibrium quantity = 450 Market Equilibrium Price = 55 (b) (Sourced: Kesicki and Ekins, P., 2012) As […]
