Practice Questions

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Practice Questions

All students
1. Outline two costs and two benefits (potentially) if the Australian Government were to increase its intake of permanent skilled migrants.
2. Imagine there were significant increases to government funding for clean energy innovation, namely the production and distribution of wind and solar power. Draw two different economic models to show the potential impacts of such a policy. Describe 2 potential harms this investment may have from an economic lens. 

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Practice Questions

All students:

Imagine some economists raise concerns that "reducing the cost of childcare" may create logjams related to accessibility and availability, at least in the short-term. 
1. Explain how despite this valid concern, the long term benefits may still make this policy worthwhile. 
2. Explain 3 possibile initiatives the government could implement in order to minimise these concerns.
3. Identify and explain an alternate economic policy that could deliver similar economic benefits

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