Some revision questions.. (1 Viewer)

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In the form of short responses of course..:

1. Explain one economic benefit and one economic cost associated with Ecologically Sustainable Development.

2. Explain the effects on national income if total leakages are greater than total injections.

3. Explain the impact of foreign investment on Australia economy

4. Explain TWO specific govt policies aimed at reducting inequality in the distribution of income and wealth in Aust.

see how u go!

 

[nick1048]

1. Good question 3-4 marks
2. This is prelim content but again good question. 2-3 marks
3. Woah this could be worth any amount of marks, there is more than 1 impact. 1-5 marks
4. Well here you could include automatic stabilisers or counter-cyclical policies that are non-discretionary... altho the question does say "specific" you would probably end up talking about the progessive tax system as one of your policies (not saying the other). This would be a 4 mark question.

Out of 8 views not a single thank you. THANKS unfold!!! :uh huh:

If you wanted to add a marking criteria to your responses it would help people understand how much they were supposed to write. You can use my marking scheme, but these are my estimates based on papers I have seen and own ways of answering the questions. Your resources are greatly appreciated!