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Economics WACE Exam

This class was created by Brainscape user chiara Potts. Visit their profile to learn more about the creator.

By: chiara Potts
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Decks in this class (14)

Global Interdependence
What are the key elements in the ...,
Why do open economies grow faster,
Describe the main linkages betwee...
32  cards
Free Trade and Protection
Why do nations trade,
Explain the difference between ab...,
Who gains from exports and who loses
22  cards
Australia's Pattern of Trade
What is australia s rank in world...,
How is trade intensity measured,
How does australia s trade intens...
11  cards
The Balance of Payments
What is recorded in the nations b...,
Distinguish between credit and de...,
Explain why the balance of paymen...
22  cards
The Terms of Trade
Define the terms of trade,
How is the terms of trade measured,
Explain how the terms of trade co...
11  cards
Exchange Rates
What is an exchange rate and why ...,
If aud1 usd080 how much would an ...,
What is the trade weighted index
13  cards
Foreign Investment
Explain the difference between fo...,
Explain the link between foreign ...,
Distinguish between australia s f...
21  cards
The Business Cycle
Distinguish between the terms mac...,
Describe the phases of the busine...,
Explain what leading lagging and ...
7  cards
The Aggregate Expenditure Model
List the components of aggregate ...,
Define the term components,
Provide three examples to explain...
11  cards
Aggregate Demand and Supply
What three key macroeconomic vari...,
Define aggregate demand what are ...,
How does an increase in the price...
17  cards
Economic Policy Objectives
What are the three major objectiv...,
How successful has australia been...,
Outline the economic costs of eco...
7  cards
Fiscal Policy
What are the three budget outcomes,
How are government bonds used to ...,
In what ways can a government use...
10  cards
Monetary Policy
Outline the role of the financial...,
Explain why a stable financial sy...,
What do interest rates represent ...
14  cards
Structural Change and Productivity
Define structural change,
Give three examples of structural...,
Outline the general pattern of st...
16  cards

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Economics WACE Exam

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