BARKEr 2001 (1 Viewer)

[d_a_n_z]

Hey this paper was up with resources but no ansers
What would people answer for these

What is an economic cost of unemployment?
a) Lost production because economy is operating within PPC
b) Money spent by gov on benefits?

What is Aus source of imports?
a) ETMS
b) STMS
(PS - i know that one is stupid, i just dont remeber... im thinking STM

What woudl occur if the Japanese yen apprecitaes againt AUD and Aus demand is inelastic for Jap TVS
a) AUD expenditure would incrase, and Aus demand for Jap TV's expands
b) AUD expenditure would decraese, and Aus demand for Jap TV's contract
AUD expenidture increase, AUS demand contract
AUD exp decraese, demand expand


THANX GUYS and good luck 4 trials!

 

[Jago]

a
a
c


of course, those may be completely wrong. i haven't started studying for eco yet

 

[sk8ie_boi]

What is an economic cost of unemployment?
a) Lost production because economy is operating within PPC
b) Money spent by gov on benefits?

B, because unemployment does not mean, resources not used to their maximum efficiency, it just mean that there ain't any more jobs ...

What is Aus source of imports?
a) ETMS
b) STMS

I have no idea what ETM and STM mean.. lol.. so you wanna tell me??

What woudl occur if the Japanese yen apprecitaes againt AUD and Aus demand is inelastic for Jap TVS
a) AUD expenditure would incrase, and Aus demand for Jap TV's expands
b) AUD expenditure would decraese, and Aus demand for Jap TV's contract
AUD expenidture increase, AUS demand contract
AUD exp decraese, demand expand

It is now costing more to buy a Japanese TV, I can't remember which one's which, but I fink inelastic mean doesn't matter the price, the demand is still the same.. or is it the other one? Where the demand will change with the price of the good. But anywayz.. I say C...

 

[Jago]

yeah the first question is a bit iffy.

the 2nd bit is definitely a though.

 

[jmac101]

the first one is definitely a. whenever u see ppc or ppf u always relate that to opportunity cost.although b is valid, the simple presence of ppc means that it is talking about opportunity cost

 

[Cityboy]

I have no idea what ETM and STM mean.. lol.. so you wanna tell me??

ETM-Elaborately transformed machine
STM- Simply transformed machine

 

[nick1048]

where the fuck are those abbreviations in the textbook !?! I've never seen any of those things b4 in my life :\

a
a (jago said so)
c

 

[Sarah168]

etm's are definitely in the riley book from memory...

 

[Rafy]

yup ETMs are all over Riley.
Chapter 1 from memory.

 

[nick1048]

i dont use riley. I use leading edge... meh i'll get riley after the trials i think... no time to cloud my economics now

 

[Jago]

STM - simple - raw goods - i.e. minerals

ETM - elaborate - processed goods - i.e. cars and computers