Component: Australia’s Place in the Global Economy

Question 4

Section I Section I Question 4 - 2002 HSC

Causes of improvement in an economy's terms of trade

Question 16

Section I Section I Question 16 - 2002 HSC

Type of record in Australia's balance of payment for a foreign tourist payment for hotel accommodation in Sydney

Question 17

Section I Section I Question 17 - 2002 HSC

Cause of improvement in Australia's international competitiiveness

Question 21

Section II Section II Question 21 - 2002 HSC

Using a diagram of the price of $A in $US compared to quantity of $A, (a) state the economic term for the movement of the exchange rate of the $A from $US0.50 to $US0.60; (b) outline causes of increase in demand for $A; (c) explain how the Reserve Banks could intervene in the foreign exchange market to influence the exchange rate of the $A; (d) discuss economic benefits to Australia of an appreciation of the $A.

Question 27

Section III Section III Question 27 - 2002 HSC