Microeconomic reform

Which of the following is NOT an example of MER?

• Deregulation
• Competition Policy
• Changing interest rates
• Environmental Management

Select one cost of microeconomic reform

• a decrease in the rate fo unemployment
• greater efficiency and productivity
• Greater work intensity
• Higher economic growth

which of these is NOT a cost of micro economic reform

• Higher unemployment
• closure of business
• lower inflation
• distribution

Select one benefit for consumers of microeconomic reform

• productivity growth
• economic growth
• cheaper inputs into the production process
• cheaper prices of goods and services

Which of the following is not a business practice outlawed by the competition and consumer act?

• Monopolisation
• Price Discrimination
• Deregulation
• Exclusive Dealing

How many TCE point will eddie get of economics

• above 20 ?
• 20-18 for a medium HA
• 16.9
• fail? 0 points?

Which of the following is a cost of MER?

• Greater work intensity
• Lower inflation
• Increased living standards
• Productivity growth

Which of the following is an example of allocative efficiency?

• The agriculture sector shifting 3 farms into 1 in order to lower cost of production.
• A reduction in tariffs to increase industry innovation.
• Increasing infrastructure between towns to reduce transport time.
• Mr Meyer increasing his rate of teaching on Thursdays before the 10:25 bell

Which of the following is not an example of Deregulation

• A reduction of tariffs on wool.
• The removal of rules regarding poppy farming.
• A decrease in the number of live stock allowed for exportation.
• A increase in the number of cars allowed for importation into Australia.

which of these is not a type of efficiency that micro economic reform aims to improve

• allcoative

• technical

• dynamic

• time