2009 Economics Marathon (2 Viewers)

[imoO]

What is trade liberalization? This is only to get it started again.

PEOPLE WHO ARE ANSWERING, YOU ARE TO LOOK AT THE LAST POST AND ANSWER THAT QUESTION. I HAVE SEEN LIKE 3 ANSWERS FOR ONE QUESTION. Once the question is answered, please post another question for the next person to answer and so forth.

 

[aero135]

1) Outline the changes in trade and investment that have occurred as a consequence of globalisation (include statistics).

2) Explain the impact of chnages in trade and financial flows on economie. (include statistics).

NO ONE HAS ANSWERED THESE QUESTIONS!

 

[Kaatie]

trade liberalisation is the process of reducing tariffs, subsidies and other barriers to trade in order to encourage linkages between economies.

What are three advantages of free trade?

 

[Andrei01]

the simple multiplier screws me up :S i get it but i dont
other than that i know the whole course off by heart

someone post the next question up!

lol man you are the biggest fucking poser. every time ive seen you post its about how you have mastered the entire syllabus. Heres a hint. WE DONT GIVE A FUCK!

 

[Kaatie]

an answer, anyone?

 

[shawty-snappin]

The advantages of free trade are

- Increased production: due to specialisation and comparative advantage
- Increased employment: due to increase in export industries
- Increased standard of living: income rises due to efficiency therefore there are low opportunity costs which leads to increased savings
- Economic growth: output and income is increased, hence ec. growth is increased
- improved consumer sovereignty: as there are more products and are of greater quality and quantity
- effiency of production: as resources are reallocated and are more competitive

Next Question:] What are the arguments for protection and outline the methods of protection.

 

[ttong]

reasons for protection:
-protect infant industries
-prevent dumping
-protect domestic employment
-self-sufficiency

methods of protection:
tariffs- taxes on imports imposed by govt-raises price of imports. redistribute money from importers and consumers to govt. an domestic firms
quotas- restrictions on the quantity of certain goods/services allowed in
subsidies- money given by govt to domestic industries , to assist in production-helps producers produce at cheaper costs
voluntary export restraints- when countries voluntarily export less of their goods to another country

q. outline the effects of an appreciating exchange rate on the BoPs

 

[aero135]

Is it just me or does this forum seem kinda dead!

 

[Kaatie]

yeah it is, wana start it back up again?

 

[aero135]

yeh alright u wanna do it or me? CHEM is going GREAT!

 

[Kaatie]

distinguish between the net income account and the financial account

 

[shawty-snappin]

distinguish between the net income account and the financial account

The net income account is the balance on income (that is, income credit (in flow of income) + income debit (income going out)) and is part of the current account.

The capital and financial account is made up of direct investment (assets i think) + portfolio investment (debt and loans) + other investments and other assets.

 

[Kaatie]

and the question was???

 

[Kaatie]

net foreign liabilities are made up of what?

 

[aero135]

QUESTION gee:


distinguish between a factor market and a product market.

 

[Kaatie]

a factor market is a market for any input into the production process, including land, labour, capital and enterprise

a product market is the interaction of demand and supply of the outputs of production, i.e. goods and services


my question is above

 

[azureus88]

Net foreign liabilities are made up of total foreign liabilities less total foreign assets or equivilently, net debt plus net equity.

New Question: What are the effects of a deteriorating terms of trade on the exchange rate and CAD?

 

[Kaatie]

i know i didnt give an answer, but am stuck on the question: discuss the extent to which Australia's financial flows appear to have been influenced by globalisation

 

[azureus88]

this might be a bit general for a "discuss" question but globalisation has greatly influenced financial flows in Australia. This can be seen through increased flow of private savings and finance across national boundaries aided by advancements in information and communication technology. Australian interest rates are generally higher than in overseas, giving the opportunity for Australian investment abroad to take advantage of international interest rate differntials.

Furthermore, globalisation has also allowed the possibility forspeculators to anticipate movements in exchange rates, significantly increasing forex market turnovers. Commodity derivatives are another example of financial innovations which have been influenced by globalisation.

 

[aero135]

Question!!!??!