Monetary & Fiscal
Contractionary fiscal policy
What is the policy name for raising taxes?
Happiness
What is an example of a non material living standard?
Tariffs, Subsidies and Quota's
What are protectist policies?
Telemigration
What is the method use when people use technology to work in one place where the company resides somewhere else
Axes of Power
What is the military, economics, culture and politics?
Contractionary monetary policy
What is the policy name for raising interest rates?
The car I drive
What is an example of a material living standard?
Iron Ore
What is Australia's top export?
Economic growth, access to markets and advanced technologies
What are the advantages of Free Trade?
Porters Diamond
What is Strategy and rivalry, demand, factor and related and supporting industries?
Expansionary fiscal policy
What is the policy where there is an increase of government spending/lowering of taxes?
HDI
What is the abbreviation of the Human Development Index
Free Trade
What is the agreement between countries to remove barriers to trade?
Cultural homogenization, Environmental Degradation, Job losses
What is the disadvantages of Globalisation?
Demand Conditions
What is domestic market behaviour?
What is the policy name for when the RBA reduces interest rates?
Absolute Cost Advantage
Why can a country can produce more efficiently than other countries?
Top two trade nations
What is China and Japan?
Transnational Corporation
What is an organisation called when it operates in multiple countries?
Competition leads to innovation and creativity
What are the benefits of rivalries?
Open Market Operations
What is the process which uses the buying and selling of government bonds to manipulate the interest rates?
Comparative cost advantage
What is the phrase used to describe when a country can produce at a lower opportunity cost comparatively?
Job losses, Environmental impact and local industries hurt
What are the disadvantages to free trade?
Outsourcing
What is the process of hiring a party outside the company to perform services or makes goods?
Natural resources and specialised workforce
What are factor conditons?