Hi could someone explain to me what the following means If demand is elastic, a 1% price cut increases the quantity sold by more than 1%, total revenue increases. If demand is in …

Many expected a 0.25% raise last Tuesday, but it didn't happen, why is that so?

In addition, is game theory mentioned at all in the 3/4 Economics course? (my apologies if it is irrelevant to VCE)

Is there a good, in depth web resource documenting the modern history of Australia's economy (preferably 1990-2008) with details about the major factors and macroeconomic policies …

Hi, I understand a significant percentage of year 10's do a Unit 1/2 subject, but I am worried it may be too much pressure for me. However I also would like to have a go, so as to …

Is there a relationship between the two or a difference?

Explain what market failure. Discuss why climate change might be considered an example of market failure. Discuss one other type of market failure. I understand that market failur …

Being a privately owned company is there a reason why? It came up on one of the trial exams my economics teacher gave our class.

I understand that the Government recorded a $52.6 billion deficit in the 2009-10 budget. And that the Government has a number of options to finance it, including borrow from the …

This is a major part of budgetary policy.

Hi In Macroeconomics, what is the difference between planned and actual investment in the economy? Just a bit confused and wanted some real help.

I understand underemployment being a series economic issue, with reports by the ABS of half a million being so. Underemployment is were a worker would like more employment, but can …

I understand that when it comes to external stability in the VCE Economics course there are TWO accounts reflecting Australia's international transactions the Current Account a …

In the context of VCE Economics, how does the Governments fiscal policy of providing the First Home Buyers grant aid Economic growth. I understand I protects jobs within the buildi …

Hello I did a NEAP test my teacher provided, and I lost marks on this question. I approached teacher and asked for clarification, but I didn't understand the answer/ wasn't 100% i …