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I thought it was cause lower income earners have a higher propensity to consume...ie to buy the necessites they need to survive could take like 70% of their income...with the GST its 77% of their income. On the other hand for a high income earner, the same amount of goods would be say 30% of...

technically it would be a flat tax but essentially it acts as a regressive tax. the markers would probably be going both ways on that so i doubt it'll be a question in MC

You got it, its both :D just make sure you justify why its acts like a regressive tax if you argue it that way, or menton why its flat.

i've given up on intergration. it makes me miss stuff so i try to structure it and hope the markers think i did it on purpose. yeah thanks, good luck! and Saves too! and everyone else, just not toooo much luck though :)

I think the problem is in the term 'investment'. A higher interest rate encourages savings both domestically and from foreign investors. Here the money is the capital which returns interest. When firms make an investment, they buy capital equipment and when they borrow money to do that it...

heh...thanks. i know i've complained about the question and all but i'd be heaps stoked if i actually managed to get all that down in an exam. It just took me ages to write and made me realise how much i still need to cram. had 14 days....now down to 3days and only just beginning to cram...

here it is: 2001 Specimen paper Q27 Q: Discuss possible government responses to changes in the global economy that have affected Australias trade and financial flows. With increased intergration with the global economy resulting in tremendous growth in Australias trade and financial flows...

think its possible they will ask an entire essay on Exchange rates?

hey, i can't believe i made one :'(

lol, the other choice: 'evaluate the policies used in an economy other than Australia to promote ecologically sustainable development' Majorly screwed!

It's coz we understand the principal of comparative advantage.

Exactly...anything totally unrelated to work will make you feel guilty. After a while (several hours), you will build up a level of guilt allowing you to do work (several minutes) . Rinse and repeat...

Do economics along with something ejoyable like watching rugby... ...garuanteed productivity!

His text book is so convoluted and repetitive...and this year it was pink *shudders* Saves: Did you write that essay with a textbook next to ya? its so full of facts and figures, and corresponding dates as well. quite insane. I'm surprised that you haven't mentioned recent global slowdown...

I reckon economics must be the most difficult subject to study for...its impossible for me to sit still for 30min and do some economics!!! aaarrrghghg!!!

Economics is so convoluted!! wouldn't a raise in interest rates forces businesses to borrow overseas? worsening Australia's net foreign debt. Yet following this train of thought to encourage firms to borrow internally to invest would require low domestic rates thus overheating the economy...

Well here is some feedback on your essay. Considering that you havn't studied for the topic, i think your economic knowledge is really tops. Well at least you got around as much figures as i woulda thrown in even if i had studied (prob some problem on my part). However, for a question on...

ESD = Ecologically Sustainable Development

How bout this theory.... 4U ppl will kill the 3U ppl in Ext 1, 3U will kill the 2U ppl in their paper.... 2U paper killed everyone therefore the 2U ppl will get alot of scaling, therefore 3U will get alot of scaling....and hence 4U will scale well :P whatever the reason... *fingers crossed*

It shows her change in perspective from a child looking up at the mysterious washing, to an adult who puts up their own washing. To me it shows how in growing up, she has lost the mysterious magicalness of her childhood perspective.