Recent content by rainlewis

It is the employer's responsibility to contribute superannuation into their employees' funds. Therefore, an increase in the compulsory contribution from 9% to 12% would be the cost of hiring workers has increased. Labour being a factor of production, the rise in the cost of labour would cause an...

Lol mate. Im not going to waste my time arguing with you. A government would not implement a tariff if they were getting no revenue. Simply as that.

Good job! That's what you're suppose to do. The Board of Studies put it there instead of as an essay so you don't have a choice to avoid it per se.

You are not given that information. That is what i'm saying. Its basic economics, a tariff decrease will subsequently reduce government revenue. You should approach the question without looking at the diagram, as the diagram is just for the $5 tariff situation.

No, there was no direct case study question. But the 6 marker short answer that asked about globalisation in relation to environmental sustainability, that's where you would talk about your case study essentially to get the full 6 marks.

Question 20 is definitely B. The diagram is only for the question underneath it which is the situation where the tariff is $5. You arent suppose to think about the tariff being $10 on the same diagram. A decrease in a tariff on importers would ALWAYS mean decreased government revenue, and fall...

Here are what I think the answers are for the MC 2013 paper are: (please correct me if you think I am wrong) 1. A 2. B 3. C 4. C 5. A 6. C 7. A 8. A 9. C 10. D 11. A 12. B 13. C 14. B 15. B 16. D 17. B 18. A 19. D 20. D

Here are what I think the answers are for the MC 2013 paper are: 1. A 2. B 3. C 4. C 5. A 6. C 7. A 8. A 9. C 10. D 11. A 12. B 13. C 14. B 15. B 16. D 17. B 18. A 19. D 20. D

Hi dilukshan, I have emailed you back!

Pm'd!

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It depends on how your teacher marks it, however, in the HSC you must write it. You dont gain marks for it but you will most likely lose a mark if you dont write it. Its not long, just learn a simple basic one like: Since true for n = 1 and true for n = k, Proven true for n = k +1, it must...

what subject?

Cheers for the feedback ngaston2154!

For example, if the value of imports increased while exports remained unchanged, there would be a deterioration in the CAD. This would increase the supply of the $A as importers would sell more $A in order to buy foreign currency, leading to a depreciation of the dollar. As a result of this...