Question 1

Who benefits and who is harmed by the market power of Coles and Woolworths? Do you think their dominance will be maintained over time?

Question 2

Do you believe that Bitcoin should be recognised by the Reserve Bank of Australia as a 'genuine' currency? Justify your answer.

Question 3

Using the Keynesian Cross Model, explain the impact of the covid-19 crisis on the macroeconomy. Use diagrams to answer this question.

Question 4

It wasrecently reported that the world's fish population is under threat due to overfishing. (See the embedded link.) Explain this in terms of the 'Tragedy of the Commons'. How might this tragedy be averted?